Brent, U.S. WTI Crude Futures Fall Over 6%
Brent and U.S. WTI crude futures extended losses, falling over 6% on hopes for a deal to end the Iran war.
Related stories
Oil Drops 6% as Iran Signals Openness to Peace Talks
M impact | ENERGY | Nov 02, 2026, 02:44 PM UTC
Petronet in Talks With Qatar to Secure Delayed LNG Cargoes
Petronet CEO A.K. Singh said the company is discussing delivery of some of at least 90 LNG cargoes delayed chiefly by the Middle East crisis.
M impact | ENERGY | Nov 02, 2026, 02:35 PM UTC
US Strategic Petroleum Reserve Crude Stocks Fall to 282.2 Million Barrels
Crude stocks in the US Strategic Petroleum Reserve fell to 282.2 million barrels last week, their lowest level since 1982.
M impact | ENERGY | Nov 02, 2026, 02:25 PM UTC
Asian Fuel Oil Market Gives Back Gains
Asia’s very low-sulfur fuel oil market gave back some gains on Monday, tracking lower benchmark crude prices. The market had reached a multi-year high last week.
L impact | ENERGY | Nov 02, 2026, 02:17 PM UTC
UAE to protect energy infrastructure and invest in new export routes
Energy Minister Suhail Al Mazrouei said the UAE will protect energy infrastructure and invest in new export routes, overseas storage facilities and a transport fleet.
L impact | ENERGY | Nov 02, 2026, 02:17 PM UTC
European TTF Gas Falls 7.1%
M impact | ENERGY | Nov 02, 2026, 01:51 PM UTC