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Persian Gulf oil exports have recovered to an estimated 23.3mb/d over the past week, roughly in line with their 2025 average, after exports doubled in September. The recovery has been driven by higher flows through the Strait of Hormuz, including ship-to-ship transfers, despite the Saudi East-West pipeline attack that
Saudi crude exports were seen at about 5.4 million bpd, while Ras Tanura shipments rose to about 3.6 million bpd.
Diesel prices continued their strong surge this week, and this trend may persist, with the White House having few options left ahead of the midterm elections. Diesel Prices Are in a Strong Surge Data compiled by AAA shows that the average price of diesel has jumped to $6.51, a few weeks after it crossed the $6 mileston
Crude oil traded near $95 a barrel on Thursday, trimming a surge that peaked at $97 amid signs that the US and Iran could be working to restore Persian Gulf exports. Reports suggested US and Iranian negotiators were exploring a deal to lift naval blockades on tankers crossing the Strait of Hormuz and ease US sanctions
Crude oil prices traded near $94 per barrel on Thursday, trimming a surge that peaked at $97 amid signs that the US and Iran could be working to re-establish exports from the Persian Gulf. Reports suggested that US and Iranian negotiators were exploring a deal that would lift naval blockades against tankers crossing th
Middle East oil producers are using a new ship-to-ship transfer system off Oman's coast to keep exports flowing despite escalating regional conflict and threats between the US and Iran. This method cuts transit distance and reduces the risk of passing through the Strait of Hormuz, with exports nearing 6.5 million barre
Producers are using ship-to-ship transfers off Oman's coast to keep Middle East oil exports flowing amid escalating regional conflict, but the complex and costly process is increasing freight rates and absorbing discounts. Around 2.5 million barrels per day of crude are expected to be loaded via ship-to-ship transfers
Imperial Ptrl said second-quarter revenue rose to $87.1 million, up 41.2% from Q1 2026 and 140% year over year. Net income was $34.8 million, and six-month net income reached $62.8 million.
Brent crude climbed as high as $100.95, its strongest level since July, after U.S. strikes on five Iranian tankers and fresh retaliation near the Strait of Hormuz.
Two tankers carrying Saudi oil were hit by rockets and other munitions within minutes of each other while trying to cross the Strait of Hormuz near midnight, maritime security firms said.
Fed's Williams believes policy is well positioned for 2% inflation target
() -- About 10 vessels associated with Japan transited through the Strait of Hormuz, while a South Korea-bound supertanker loaded with Saudi crude exited the waterway over the weekend, Reuters reported Monday, citing shipping data from LSEG. The vessels were trapped in the Gulf for months due to the Iran conflict. The
At least 20 tankers transited the Strait of Hormuz on Thursday, according to Kpler. That is the highest level of traffic since June 2, the firm said. Iranian supertankers loaded with oil are switching on their transponders as they depart the region after going dark during the war, Kpler said. The majority of the ships
At least 20 tankers transited the Strait of Hormuz on Thursday, according to Kpler. That is the highest level of traffic since June 2, the firm said. Iranian supertankers loaded with oil are switching on their transponders as they depart the region after going dark during the war, Kpler said. The majority of the ships
The first signs of a post-war recovery are emerging across the Middle East after the United States and Iran signed a memorandum aimed at ending the conflict. As the agreement begins to reshape conditions on the ground, U.S. officials have sought to defend its terms. The first signs of a post-war recovery are emerging a
The three Saudi tankers switched their transponders on Thursday after hiding their location for more than two months. President Donald Trump and Iranian President Masoud Pezeshkian signed a deal Wednesday that is supposed to reopen Hormuz. At least five Iranian ships have crossed the U.S. blockade line since June 16. T
U.S. Central Command said the Navy has ended its blockade of Iran. The end of the blockade comes after the U.S. and Iran signed an agreement that aims to end the war. Under the agreement, Iran is obligated to allow commercial vessels to transit the Strait of Hormuz without paying tolls for 60 days. The U.S. Navy on Thu
U.S. Central Command said the Navy has ended its blockade of Iran. The end of the blockade comes after the U.S. and Iran signed an agreement that aims to end the war. Under the agreement, Iran is obligated to allow commercial vessels to transit the Strait of Hormuz without paying tolls for 60 days. The U.S. Navy on Thu
The three Saudi tankers switched their transponders on Thursday after hiding their location for more than two months. President Donald Trump and Iranian President Masoud Pezeshkian signed a deal Wednesday that is supposed to reopen Hormuz. At least five Iranian ships have crossed the U.S. blockade line since June 16. T
The three Saudi tankers switched their transponders on Thursday after hiding their location for more than two months. President Donald Trump and Iranian President Masoud Pezeshkian signed a deal Wednesday that is supposed to reopen Hormuz. At least five Iranian ships have crossed the U.S. blockade line since June 16. T