Frequent Oil Draws From U.S. Strategic Reserve Push Old System to Breaking Point

Commodities: Oil Under Pressure Amid Rebound In Middle East Flows

Commodities: Oil Under Pressure Amid Rebound In Middle East Flows

European Union: Oil Flows from Middle East Recovering

European Union: Oil Flows from Middle East Recovering

Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market

The global oil market may be entering a new phase where the primary price driver is not supply disruption, but the urgent need to rebuild depleted strategic and commercial inventories. Governments, refiners, and traders around the world face mounting pressure to replenish oil stocks that were drawn down during a period of sustained emergency releases [] The post Inventory Replenishment Could Fuel The Next Major CrudeOil Bull Market appeared first on Foreign Policy Journal.

The Crypto Startup Trying to Put a Barrel of Oil on Blockchain

The oil industry has spent more than a century pushing into new frontiers. Its engineers pulled crude from beneath deserts, oceans and frozen tundra. Its traders built markets that turned oil into the world’s most actively traded commodity.

Prediction: Oil Is Heading to $60 a Barrel by 2027, and These Stocks Are Worth Buying Now

The oil market is on track to shift from a shortfall to a glut in the next year.

OPEC+ raises output as oil market enters new geopolitical era

The shifting tides of the global energy market have once again thrust OPEC+ into the spotlight, laying bare the delicate and often volatile intersection of geopolitics and oil economics. The group’s recent decision to boost oil production targets for August by 188,000 barrels per day is on the surface a standard regulatory tweak meant to stabilize a fluctuating market.

Harga minyak kukuh, Petronas perlu percepat pelaburan

PETALING JAYA: Harga minyak yang lebih kukuh kini menjadi pemangkin utama kepada Petroliam Nasional Berhad (Petronas) untuk menggerakkan semula pelaburan sektor huluan yang sebelum ini ditangguhkan, sekali gus mengurangkan justifikasi syarikat untuk terus mengambil pendekatan berhati-hati terhadap perbelanjaan modal. Menurut CIMB Securities Sdn. Bhd., gabungan harga minyak yang tinggi, aliran tunai yang lebih mantap serta ... Read more The post Harga minyak kukuh, Petronas perlu percepat pelaburan appeared first on Utusan Malaysia.

With Hormuz reopened, has the oil shortage turned into a glut?

As flow resumes through the strait, an oil surplus may yet again destabilise global energy markets.

ATHEX: Mini sell-off after fresh Gulf tension

The resumption of military action in the Persian Gulf had an immediate impact on markets, with oil rates jumping and bourse indexes slumping.

The Commodities Feed: Oil bounces on Persian Gulf re-escalation

ASIA/PACIFIC: Re-escalation in the Persian Gulf has reignited supply concerns, pushing oil prices higher amid questions about the direction of US-Iran peace talks

US Lost Access to Quarter of Oil Reserve Over Equipment Failure - Documents

A quarter of the oil stored in the US Strategic Petroleum Reserve (SPR) has become inaccessible because of aging infrastructure, caused by large-scale oil withdrawals during the conflicts in Ukraine and the Middle East, an analysis of data from the US Government Accountability Office (GAO) by Sputnik shows.

Iran war developments, Fed rate path cues in focus for rupee and bonds

The focus will yet again turn to oil prices, with any retreat in risk sentiment ‌expected to hurt the Rupee, which has steadied after hitting historic lows last month

Dollar drifts with oil; Gulf tensions, Fed minutes in focus

Dollar drifts with oil; Gulf tensions, Fed minutes in focus

Oil prices gain as focus shifts to supply recovery, demand

Oil prices gain as focus shifts to supply recovery, demand

Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share?

The four month Iran war severely disrupted global energy markets after Tehran restricted shipping through the Strait of Hormuz following U.S. and Israeli military strikes. At the height of the conflict, around 14 million barrels of oil per day were removed from global supply, triggering fears of a prolonged energy crisis and sending Brent crude [] The post Is OPEC Losing Control as Gulf Oil Producers Race to Reclaim Market Share? appeared first on Modern Diplomacy.

Shares slip in Asia as oil jumps on Gulf attacks

Oil is climbing as the US and Iran trade attacks in the Gulf, choking the Strait of Hormuz and rekindling inflation risks, while share markets slide in Asia.

Things are getting worse in the Strait of Hormuz — again

New attacks, the largest number of such incidents since a U.S.-Iran interim deal took effect, pushed oil prices up more than 3

U.S. Oil Reserve Falls to 43-year Low as Trump Drawdown Nears Its Limit

The United States has drained nearly 96 million barrels from the Strategic Petroleum Reserve (SPR) since mid-March. The Trump administration began releasing oil after its war on Iran predictably choked shipments through the Strait of Hormuz and drove up global crude prices. The United States produces large amounts of oil and gets most of its ... The post U.S. Oil Reserve Falls to 43-year Low as Trump Drawdown Nears Its Limit appeared first on The New American.

Strategic Petroleum Reserve is at risk of operational failure, watchdog warns

The Government Accountability Office has found that the Strategic Petroleum Reserve, the United States’s emergency stockpile of crude oil, is facing significant risks to its ability to operate and meet future energy crises, as inventories have hit their lowest level in 43 years. The Trump administration is currently overseeing the second-largest drawdown of the SPR []...Click to read more

What to know about U.S. oil production and consumption in 6 charts

Here are six facts about U.S. oil production, consumption, imports and the Strategic Petroleum Reserve.

China’s hydrogen push outstrips Japan’s in new fuel race

The oil price surge from the US-Iran crisis gives fresh impetus to efforts to boost domestic energy supply.

Oil Is Flowing Out of the Gulf. Everything Else Is Up in the Air

Oil Is Flowing Out of the Gulf. Everything Else Is Up in the Air

The overused Strategic Petroleum Reserve is at risk of operational failure, watchdog warns

EXCLUSIVE — The Government Accountability Office has found that the Strategic Petroleum Reserve, the United States’s emergency stockpile of crude oil, is facing significant risks to its ability to operate and meet future energy crises, as inventories have hit their lowest level in 43 years. The Trump administration is currently overseeing the second-largest drawdown of []