Petrol

ING analysts Warren Patterson and Ewa Manthey say Brent has broken back above $100/bbl as the oil market reprices expectations around the Iran conflict and disruptions in the Persian Gulf.

MUFG’s Senior Currency Analyst Lloyd Chan highlights that the Japanese Yen (JPY) may weaken further as the energy shock from Middle East tensions persists and markets delay expectations for a Bank of Japan (BoJ) rate hike to June.

Chevron has restarted production of liquefied natural gas at its Wheatstone project in Australia after repairs prompted by cyclone damage in March. The repairs took a while due to the severity of the damage. “Extreme winds associated with the cyclone damaged several hundred air-cooled heat exchanger

The Indian Rupee (INR) extends its losing streak for the fourth trading day against the US Dollar (USD) on Thursday.

West Texas Intermediate (WTI) oil price gains ground for the third consecutive day, trading around $93.00 per barrel during Asian hours on Thursday. Crude oil prices advance amid rising supply concerns on ongoing Middle East uncertainty and the blockade of the Strait of Hormuz.

The USD/CAD pair retreats a few pips from a three-day high touched during the Asian session on Thursday, though it lacks follow-through amid mixed fundamental cues.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – fades an Asian session spike to the $95.80-$95.85 area, or a one-and-a-half-week top, and retreats to the lower end of its daily range in the last hour.

Oil prices were rallying again on Wednesday after Iran's Islamic Revolutionary Guard Corps (IRGC) captured two commercial vessels in the Strait of Hormuz. Brent crude for June delivery gained 2.99% to trade at $101.40 per barrel at 3.49 pm ET, while the corresponding WTI crude contract was up 3.18%

Asian countries have been buying all the oil they can get their hands on since the Strait of Hormuz shut down for business. Thanks to ample supply of seaborne crude oil, mostly consisting of sanctioned Russian and Iranian crude, the shock from the fallout of the war has been somewhat mitigated—but n

Oil producers in the Middle East would typically rejoice at oil prices of $100 per barrel as they would see windfall revenues from their exports. But since the Iran war trapped most oil and gas shipments at the Strait of Hormuz, the Gulf economies have lost billions of dollars in oil revenues and ha

A reprieve from high gasoline prices in California is in the works — though it won’t please everyone in a state that has vilified Big Oil.On Monday, Phillips 66 (NYSE:PSX) and Kinder Morgan (NYSE:KMI) announced they have secured enough long-term shipper commitments to advance a proposed pipeline to

Brazil posted a record trade surplus of $14.2 billion in the first quarter of 2026, marking a 47.6% increase compared to the same period in 2025 thanks in large part to high oil prices. Brazil’s crude oil exports climbed 31% Y/Y to $12.56 billion in the first quarter, with China accounting for 57% o

We knew there was a reason why China had accumulated a cool 1.5 billion barrels in its strategic petroleum reserve: the reason, to become the world's strategist petroleum reserve when the time arises... for a price of course. According to the chief executive officer of commodity trader Mercuria, Chi

West Texas Intermediary (WTI) Crude Oil advances more than 3% on Wednesday, trading back above $92 after testing $93 earlier in the session. The move extends a sharp two-day recovery from Monday's low around $85, reclaiming territory last seen in early April.

The global energy crisis has reshaped global energy priorities seemingly overnight. The Strait of Hormuz has been closed to virtually all commercial traffic for well over a month now, severely restricting global flows of oil and gas. As a result, global energy prices have skyrocketed, and supplies h

Japan Petroleum Exploration (Japex) has unveiled plans to invest 1.16 trillion yen ($7.3 billion) in exploration and production in a bid to quadruple oil and gas output over the next decade, mainly in the United States. Japex has set a goal to raise net profit to 100 billion yen and achieve a 12% Re

Unidentified traders executed a highly suspicious $430-million bearish bet on crude oil futures roughly 15 minutes before President Trump announced an indefinite extension of the U.S.-Iran ceasefire. The traders placed a total of 4,260 sell orders for Brent crude futures during a "post-settlement" p