Oil and Gas Prices
News
July 27, 2026
Oil prices fell sharply as the U.S. paused strikes against Iran and crude exports resumed through Kazakhstan's CPC terminal, easing immediate supply concerns despite ongoing geopolitical risks in the Middle East.
News
July 23, 2026
Oil prices climbed above $100/bbl after Houthi attacks on Saudi tankers in the Red Sea intensified concerns over global crude supplies, adding to ongoing disruptions in the Strait of Hormuz and Kazakhstan's export routes amid escalating Middle East conflict.
News
July 22, 2026
Oil prices climbed toward $95/bbl as escalating U.S.-Iran hostilities, tanker attacks in the Strait of Hormuz, Red Sea shipping threats and disruptions to Kazakhstan's crude exports heightened concerns over global oil supplies and market volatility.
News
July 19, 2026
The U.S. and Iran exchanged new strikes over the weekend, raising tensions across the Middle East and increasing risks to oil markets, commercial shipping and energy infrastructure. The latest escalation comes as attacks near the Strait of Hormuz continue to support higher crude prices.
News
July 15, 2026
Oil prices climbed above $85/bbl as the U.S. launched another round of strikes on Iran, deepening security concerns in the Strait of Hormuz and keeping traders focused on potential disruptions to global crude exports.
News
July 14, 2026
Oil prices climbed after the Trump administration scrapped a proposed Strait of Hormuz transit fee but intensified pressure on Iran by resuming its shipping blockade and launching new military strikes, keeping geopolitical risk firmly in focus for energy markets.
News
July 13, 2026
Oil prices surged after President Trump announced plans to reinstate a blockade on Iranian shipping through the Strait of Hormuz and impose a 20% transit fee on other cargoes, renewing concerns over global oil supplies and escalating tensions in the Middle East.
News
July 10, 2026
Oil prices declined as the United States and Iran continued technical talks following renewed military strikes, easing immediate supply concerns even as tanker traffic through the Strait of Hormuz remained below normal.
News
July 08, 2026
Oil prices jumped Wednesday after U.S. President Donald Trump declared that the ceasefire with Iran was effectively over and said the U.S. would "probably" launch additional military strikes, raising the prospect of renewed conflict in one of the world's most important oil-producing regions.
News
July 02, 2026
Wood Mackenzie forecasts a long-term rise in Henry Hub natural gas prices as AI-driven power demand, LNG export growth and maturing U.S. gas supply reshape market fundamentals. The consultancy expects prices to approach $5/MMBtu (real) by 2035.
News
July 02, 2026
India plans to expand its strategic oil reserves and storage capacity following recent volatility during the Iran conflict, while increasing refining capacity as it strengthens energy security and positions itself as a global refining hub.
News
July 01, 2026
Oil prices fell for a third consecutive session as crude exports through the Strait of Hormuz continued to recover and indirect U.S.-Iran talks showed signs of progress, easing supply concerns despite ongoing geopolitical tensions.
News
June 30, 2026
ADNOC is proposing a new pricing methodology for Upper Zakum, Das and Umm Lulu crude that would link official selling prices to the Dubai benchmark rather than Murban futures. The move could simplify regional pricing comparisons as the UAE expands crude exports.
News
June 24, 2026
Brent crude fell below $75/bbl for the first time since the Iran conflict began as tanker traffic through the Strait of Hormuz continued to increase and U.S.-Iran peace talks showed early signs of progress.
News
June 19, 2026
After months of disruption, oil and LNG shipments are beginning to flow through the Strait of Hormuz again, helping push Brent crude back toward $80/bbl. But questions remain over shipping rules, insurance requirements and long-term U.S.-Iran negotiations.
News
June 17, 2026
Iraq is preparing to increase crude exports from its southern ports as a U.S.-Iran agreement to reopen the Strait of Hormuz approaches, with state marketer SOMO coordinating tanker nominations and export logistics ahead of a gradual recovery in Gulf oil flows.
News
June 16, 2026
Brent crude fell below $80/bbl for the first time in more than three months as markets priced in increased oil supply following the U.S.-Iran agreement to reopen the Strait of Hormuz. Analysts lowered price forecasts as expectations grew for a recovery in Persian Gulf exports.
News
June 15, 2026
Oil prices moved lower Monday as traders assessed the U.S.-Iran agreement to reopen the Strait of Hormuz, with uncertainty remaining over how quickly shipping traffic and crude exports can return to normal.
News
June 11, 2026
Even as flows through the Strait of Hormuz gradually improve, Enverus warns the damage to global oil inventories may already be done. New modeling suggests OECD stocks could fall to a 20-year low, keeping Brent above $100/bbl well into 2027.
News
June 10, 2026
WTI crude settled above $91 per barrel after President Trump warned of possible new strikes against Iran and U.S. government data showed a larger-than-expected draw in crude inventories, adding to concerns over global oil supplies.
News
June 01, 2026
Oil prices climbed sharply after reports that Iran plans to suspend communications with the United States, raising concerns about ongoing ceasefire negotiations and efforts to restore energy exports through the Strait of Hormuz.
