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Keywords: Crude oil
Commercial shipping through the Strait of Hormuz remained significantly below its recent average on Tuesday, while traffic through the Bab el-Mandeb Strait stayed closer to normal levels, according to preliminary vessel-tracking data. Three commodity-carrying vessels were recorded transiting Hormuz......
Oil prices moved higher on Tuesday as investors monitored the possibility of diplomatic contacts between the United States and Iran during the United Nations General Assembly meetings in New York. By 09:15 Moscow time, October West Texas Intermediate futures had gained 1.69% to trade at around $97.40......
Global oil markets are entering a period of heightened uncertainty as disruptions to refined-product supplies, rising tanker costs and growing security risks reshape the economics of international energy trade. Producers, refiners and trading companies are increasingly adjusting their purchasing, transportation......
South Korean President Lee Jae Myung said Friday that Seoul will not deploy troops or military assets in a way that could draw the country into the ongoing conflict involving Iran, reaffirming the government's policy of avoiding direct military involvement. Speaking at a televised press conference......
The economic fallout from the war involving Iran is putting additional pressure on American households as disruptions in global energy markets drive up the cost of gasoline and diesel across the United States. According to estimates from Brown University’s Climate and Community Project, US consumers......
The International Energy Agency (IEA) has lowered its forecast for global oil demand growth as the continuing conflict in the Middle East disrupts production, trade flows and energy markets. The revision reflects growing uncertainty over economic activity and fuel consumption as geopolitical tensions......
The average price of diesel fuel in the United States has risen above $6 per gallon for the first time, marking a new record as higher crude oil prices and growing geopolitical tensions put additional pressure on the American energy market. According to fuel price tracking data, the sharp increase comes......
Global oil demand could decline by around 1.5 million barrels per day in 2026 compared with the previous year, according to Russell Hardy, chief executive of global energy trading company Vitol. Hardy made the forecast during the Asia-Pacific Petroleum Conference in Singapore, as geopolitical tensions......
Goldman Sachs has raised its oil price forecasts for 2026 and 2027, citing the possibility that disruptions to shipping and energy supplies in the Middle East could continue into next year. The investment bank now expects Brent crude to reach $85 a barrel in December 2026, while US West Texas Intermediate......