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Keywords: Crude oil
U.S. President Donald Trump has said oil shipments passing through the Strait of Hormuz have almost recovered to the levels recorded before the latest escalation with Iran, pointing to a significant improvement in commercial traffic through the strategically important waterway. In a post on his Truth......
The United States' Strategic Petroleum Reserve has fallen to its lowest level in more than four decades, according to the latest data released by the U.S. Department of Energy. The reserve held approximately 286.6 million barrels on August 28, marking its lowest recorded level since November 19,......
More than 660 million barrels of crude oil have reportedly crossed the Strait of Hormuz aboard commercial tankers since early May, despite continuing security concerns and threats to maritime traffic in one of the world's most important energy corridors. According to U.S. Central Command, American......
The International Monetary Fund is preparing to send a team to Uganda in September for renewed discussions on a potential financial support programme, as the East African economy seeks to strengthen its public finances while preparing for a major shift linked to the expected start of crude oil production. The......
The Organization of the Petroleum Exporting Countries (OPEC) has revised its expectations for global oil demand growth, lowering its forecast for 2026 while adopting a more optimistic outlook for the following year. In its latest monthly report, OPEC estimated that global oil demand will increase by......
The International Maritime Organization (IMO) has announced that contingency measures are being prepared after an oil spill from the grounded tanker Caroline Bizengi was reported to be moving toward the coast of Oman. The United Nations maritime agency said oil was drifting off the northeastern coast......
The International Energy Agency (IEA) expects global oil supply to fall significantly in 2026, reflecting the continuing impact of disruptions around the Strait of Hormuz and difficulties affecting crude exports from the Gulf region. According to the agency's latest monthly oil market report, global......
Oil prices climbed sharply on Tuesday as financial markets reacted to the continued disruption in the Strait of Hormuz and the absence of progress between Iran and the United States. The latest move pushed the benchmark Brent contract briefly above the $90-a-barrel threshold, highlighting renewed concerns......
Shipping activity through the Strait of Hormuz has declined significantly this week, highlighting the continued impact of geopolitical tensions on one of the world's most strategically important maritime routes for global energy supplies. Recent maritime tracking data indicate that vessel movements......