Oil jumps and global stocks fall

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Commodities: Oil Bounces On Persian Gulf Re-Escalation

Oil prices drop back to pre-Iran conflict levels, but Canadians won't see relief at the pumps yet

Global oil prices have dropped back to levels seen before the start of the Iran conflict and the closure of the Strait of Hormuz, but Canadians won’t be seeing gasoline prices fall significantly at the pumps anytime soon.

Oil slips after OPEC+ agrees to raise output targets

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned increase, actual output may be capped due to ongoing geopolitical tensions. Gulf oil exports are reviving but still lag pre-conflict levels, while Russia's crude shipments surged due to refinery damage.

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.

Global shares are mixed and oil slips after OPEC+ plans August output hike

European shares have advanced after a retreat in Asian markets.

Oil prices decline after OPEC+ agrees to increase output

London, July 6 (SANA) Oil prices fell in global trading on Monday after OPEC+ agreed to a further increase in production targets starting in August, while exports through the Strait of Hormuz continued to recover, paving the way for increased supplies to the global market. Reuters reported that Brent crude futures fell 24 cents, or []

Global oil demand to drop for first time since 2020 amid Iran conflict, IEA says

LONDON: Global oil demand is on track to decline for the first time since the height of the COVID-19 pandemic, the International Energy Agency said Friday, as war with Iran disrupts production and exports across the Middle East. World oil demand is set to fall by 1 million barrels per day year-over-year in 2026, marking ... Read more The post Global oil demand to drop for first time since 2020 amid Iran conflict, IEA says appeared first on BOL News.

Oil Declines as US Says Indirect Talks With Iran Were Positive

Oil extended its biggest quarterly drop since the pandemic as traders monitored US-Iran peace talks and a market for real-world barrels that’s been in freefall.

Oil prices rise 8%, and Dow drops 800 points after Trump says ceasefire with Iran is 'over'

Oil prices are rising, and stock markets are dropping worldwide after President Trump raised doubts about the temporary truce in the war with Iran.

Crude may revisit early-2026 highs if tensions worsen, but Asian refiners better prepared this time: International Oil Analyst

By Nikhil Dedha Singapore, July 9 (ANI): Global crude oil prices could revisit the highs seen earlier this year if tensions between the United States and Iran continue to escalate, although Asian refiners are now better prepared to deal with supply disruptions than they were at the beginning of the conflict, June Goh, Senior Oil Market Analyst at Sparta Commodities, told ANI.Speaking in an exclusive conve

Why Lower Oil Prices Don’t Match the Continued Drawdown in Global Inventories

Oil entered early July trading caught in one of the strangest contradictions in commodity markets: global inventories are still being drawn down, U.S.-Iran skirmishes have not fully faded, and yet prices keep sliding. Crude has now fallen back to levels seen before the war broke out, with traders focusing more on weakening demand than on [] The post Why Lower Oil Prices Don’t Match the Continued Drawdown in Global Inventories appeared first on Egyptian Gazette.

Oil Sinks Sharply as Tanker Traffic Through Hormuz Rises, Brent Posts 11% Weekly Loss

Global oil prices fell sharply at the end of the week as concerns over supply disruptions in the Middle East eased, with increased tanker traffic through the Strait of Hormuz signaling stable flows despite recent regional tensions.

Oil Posts Largest Quarterly Price Drop in 6 Years

Oil prices on Tuesday logged their biggest quarterly drop in six years, after an extended U.S.-Iran cease-fire in June ...

Tensions with Iran add fresh uncertainty to an already shaky global economy

Crude oil prices jumped and stock prices fell after President Trump declared an end to the cease fire with Iran, adding fresh uncertainty to an already shaky outlook for the global economy.

Oil prices slip as OPEC+ output hike fuels oversupply concerns

Oil prices slip as OPEC+ output hike fuels oversupply concerns

Oil Prices Fall as Strait of Hormuz Supply Concerns Ease | Dawn News English

Global oil prices fell sharply on Friday, with Brent crude and U.S. WTI dropping more than 3% and heading for steep weekly losses as concerns over oil supply eased. #oil #crudeoil #brent #wti #energy #oilprices #business #markets --------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Website: www.dawn.com Official Facebook:https://www.facebook.com/dawnnewsenglish Official Twitter: https://x.com/dawnnewsenglish Official Instagram: https://www.instagram.com/dawnnewsenglish #news #latestnews #dawnnewsenglish #dawnnews

GREEN: Trans Mountain ‘capacity’ milestone should end opposition to new pipeline

Turbulence in world oil markets due to the Iran war has only made Canadian oil more attractive and the Trans Mountain expansion has been instrumental in priming the pump for future sales to those Asian markets

Oil prices surge on US-Iran attacks

World oil prices surged Monday as a fresh flare-up between the United States and Iran rattled investors, while a selloff in chipmakers sent South Korea's stock market plunging. The post Oil prices surge on US-Iran attacks appeared first on Vanguard News.

Hormuz peace deal shaken after reported IRGC attack on cargo ship, oil prices jump

Crude oil prices edged higher and caught global markets flat-footed on Thursday after Iran’s Islamic Revolutionary Guard Corps attacked a Singapore-flagged cargo ship in the Strait of Hormuz, according to a report from the Wall Street Journal, citing two senior U.S. officials. The incident blindsided investors who had expected a period of cooling geopolitical tensions. []...Click to read more

Oil Drops Below A Key Level As Shipping Returns To The Strait

Oil Drops Below A Key Level As Shipping Returns To The Strait

Global tech stocks fall as Asian memory chipmakers hammered

Oil jumps as US-Iran hostilities escalate and investors go into ‘risk-off’ mode

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.

Oil surges as Iran risk returns - Is the summer lull over? | Morning Bid

Oil prices jump after President Trump says the U.S. memorandum of understanding with Iran is "over," while chip stocks see a brief Asia-session rally that quickly fades. And the June Fed minutes signal a divided central bank that's in no rush to act on inflation. #News #Reuters #Newsfeed Read the story here: 👉 Subscribe: https://reut.rs/4b8fRGn Keep up with the latest news from around the world: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on X: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

Harga minyak minyak dijangka capai AS$65 setong menjelang Oktober

PETALING JAYA: Harga minyak mentah global dijangka terus berada dalam aliran menurun dan berpotensi mencecah AS65 (RM266.53) setong menjelang Oktober, berikutan jangkaan lebihan bekalan dalam pasaran susulan konflik Asia Barat yang mereda serta pembukaan semula Selat Hormuz. Penganalisis ekonomi, Prof. Emeritus Dr. Barjoyai Bardai berkata, penurunan harga minyak ketika ini lebih banyak didorong oleh faktor ... Read more The post Harga minyak minyak dijangka capai AS65 setong menjelang Oktober appeared first on Utusan Malaysia.

Oil and gas prices jump as Iran tensions flare again

Oil and gas prices jump as Iran tensions flare again

Oil Prices Jump and Stocks Drop After Trump Says Iran Deal Is ‘Over’

Oil prices spiked on Wednesday to the highest level in weeks and stocks dropped after President Trump said that he thought the Iran cease-fire was “over” amid a volatile 24 hours in the Persian Gulf region. The Trump administration launched a series of strikes on Iran and revoked a waiver that had allowed Iran to []

Oil close to pre-war price as Iran oil hits market, ships transit strait

Oil close to pre-war price as Iran oil hits market, ships transit strait

The Commodities Feed: Oil bounces back after vessel hit in Strait of Hormuz

Oil bounced back yesterday after a vessel was struck in the Persian Gulf. However, with the broader market focused on a recovery in oil flows from the region, price momentum still appears to be to the downside