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News
18Brent Jumps 5% to $105.3 Amid Middle East Tensions and US Hurricane
Brent crude jumped over 5 percent to $105.3 a barrel on Thursday, driven by escalating tensions in the Middle East and supply pressure from a storm off the US coast.
BIMCO: Product Tankers Switch to Crude Amid Strait of Hormuz Disruptions
Refined product shipments on LR2 tankers dropped 28% year-on-year in the first nine months of 2026, while crude and heavy product shipments rose by 1.8 million barrels per day.
Iran Threatens Alternative Oil Export Routes and Describes Them as a Hostile Act
Iran informed countries in the region that opening new oil export routes will be treated as a hostile act, after projectiles struck a chemical tanker off Qatar.
12 Attacks on Tankers in Hormuz in One Week, Highest Since War Began
Estimates from three maritime security sources indicate that 12 attacks on oil and gas tankers occurred near the Strait of Hormuz in one week, the highest level since the war began on February 28.
Brent Drops Below $100 as Middle East Exports Recover and G7 Releases Emergency Reserves
Brent crude falls 1.8% to $98.48 a barrel and West Texas Intermediate drops 1.6% to $88.01 as Middle East exports recover and the G7 releases emergency reserves.
Reports of Strikes Near Aramco Facilities and Warning of "Dangerously Low" Inventories
Reports indicated strikes attributed to the Houthis near Aramco facilities and the Khurais region, while the company's CEO, Amin Nasser, warned that global inventories are "dangerously low."
Aramco Cuts Official Selling Price of Arab Light Crude to Asia by $3
Aramco cut the official selling price of Arab Light crude to Asia by $3 a barrel for November, bringing the discount to $5 below the Oman/Dubai benchmark, its widest discount since June 2020.
Brent Crude Drops 0.4% to $101.82 as Middle East Exports Rise
Brent crude falls 0.4% to $101.82 a barrel and West Texas drops 1.7% to $89.61 as Middle East exports rise and G7 decides to release stockpiles.
G7 Countries Agree to Release 100 Million Barrels of Crude and Diesel from Emergency Stockpiles
G7 countries agreed to release 100 million barrels of crude and diesel from emergency stockpiles managed by the International Energy Agency over four months, with the diesel shipment brought forward.
Unidentified Projectile Falls Inside Yanbu Industrial Port, Sparking Fire Without Casualties
An unidentified projectile fell inside Yanbu Industrial Port on the Red Sea on October 1 and sparked a fire, according to maritime security companies, with shipping operations temporarily halted before resuming.
Unknown Projectile Strikes Oil Tanker off Oman Amid 75% Drop in Hormuz Traffic
An unknown projectile strikes a crude oil tanker 4 nautical miles east of Oman, hours after another tanker was hit while departing the Strait of Hormuz, causing a fire and a power outage.
Supertanker Catches Fire After Being Struck by Unknown Object off the Coast of Oman
The United Kingdom Maritime Trade Operations reported that a tanker was struck by an unknown object while transiting the Strait of Hormuz, while Fars News Agency stated that a supertanker carrying 2.5 million barrels was hit off Oman.
Brent Falls 3.03% to $99.15 Amid Reserve Release Talks
Brent crude fell 3.03% to $99.15 and West Texas crude fell 3.97% to $89.15, amid talks regarding the release of strategic reserves of diesel and crude.
Washington Threatens Diesel Export Ban as Europe Holds Emergency Talks
The European Commission held an emergency call with Britain, Germany, France, Italy, and Ireland after Washington warned of banning diesel exports unless Europe releases its reserves.
Brent Crude Returns Above $100 as Washington-Tehran Talks End Without Progress
Brent crude returned above $100 to $100.1, up nearly 2%, after talks between Washington and Tehran in New York ended without progress, while West Texas Intermediate remained near $93.
China Halts Fuel Exports in October as Brent Surges Above $102
Chinese refineries stop exporting diesel, gasoline, and jet fuel outside Hong Kong and Macau in October, driving Brent crude up to $102.31 per barrel.
Unidentified Projectiles Hit Three Liberia-Flagged Tankers Transiting the Strait of Hormuz
Unidentified projectiles hit three tankers transiting the Strait of Hormuz, according to the maritime service 'Marisks', while ADNOC Logistics & Services declined to comment.
Saudi Arabia Closes Major Aramco Oil Pipeline Following Drone Attack
Saudi Arabia reportedly closed a major Aramco pipeline following a drone attack, a move that sparked concerns over potential disruptions to global oil supplies.
Articles & Analysis
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Geography Beats Geology: Who Owns the Oil and Who Owns the Route?
The question is no longer how much you produce, but where it exits. Hormuz is closed, Bab al-Mandab is blockaded, emergency pipelines were designed to complement the passage not replace it... and Egypt has become the last remaining door.