Iraqi crude tanker clears Gulf of Oman as Hormuz closure keeps most ships trapped
The very large crude carrier cleared the Gulf of Oman into the Arabian Sea with around 2 million barrels of Iraqi cru ...
Iran nuclear deal 95% done but signing still days away, US official says
A senior US official says an Iran deal is around 95% complete but will not be signed for several days, with Iran rece ...
Weekend: Hormuz deal in outline but nuclear and sanctions gaps keep agreement at bay
Trump says no Iran deal is imminent and the Hormuz naval blockade stays in place, as both sides remain split on nucle ...
Oil seen capped near $100 as Iran war demand destruction offsets supply loss
A Bloomberg Intelligence survey (gated) of 126 energy market participants finds most expect Brent to average $81-$100 ...
ICYMI – Exxon in talks to return to Venezuela oil fields nearly two decades after exit
Exxon Mobil is in talks to return to Venezuelan oil production nearly two decades after being pushed out, with a deal ...
Talks between Iran and the United States are continuing through Pakistani intermediaries
ISNA, the Islamic Students News Agency, is a semi-official Iranian news agency, considered a credible, if state-adjac ...
ICYMI: UAE’s Hormuz bypass pipeline is 50% complete as oil flow recovery set for 2027
ADNOC’s new Hormuz bypass pipeline is 50% complete and on track for 2027, CEO Sultan Al Jaber said, warning ful ...
Crude oil futures settle at $96.35, down 1.94% on claims of US-Iran draft agreement
The price of WTI crude oil futures is settling at $96.35, up $1.91 or 1.94% on the day. We got a rally in the morning ...
OPEC+ likely to agree on oil output quota hike of 188,000 bpd at the June 7th meeting
While the nominal increase does little to alter the actual physical balance of global supply, energy analysts view th ...
Goldman Sachs says global oil stockpiles falling at record pace as Hormuz flows hit 5%
Global oil stockpiles are falling at a record 8.7 million barrels per day in May as Hormuz flows sit at just 5% of no ...
Iran claims regulatory control over Strait of Hormuz in new maritime zone
Iran’s newly formed Persian Gulf Strait Authority has declared a controlled maritime zone across the Strait of ...
Silver follows gold lower as precious metals remain under pressure amid rising real yields
FUNDAMENTAL
OVERVIEWSilver followed gold lower yesterday and dropped into new lows as Treasury yields extended th ...