Keywords: Crude oil


How Depleted Global Oil Stocks Could Be Replenished Amid Rising Energy Security Concerns

Global oil markets are entering a new phase in which the focus is shifting from short-term price movements to long-term energy security and inventory rebuilding. Although recent geopolitical developments have eased crude prices, analysts warn that depleted global oil stocks could take years to fully......

Essar signs $500 million energy supply deal with Abu Dhabi-based IRH

Indian energy company Essar Energy Transition Fuels has signed a $500 million agreement with Abu Dhabi-based International Resources Holding (IRH) to secure crude oil supplies and strengthen fuel distribution operations. The partnership reflects growing efforts by energy companies to ensure stable access......

Saudi crude oil shipments to China remain at record low levels amid market pressure

Saudi Arabia’s crude oil exports to China are expected to remain at historically low levels in July, as high global prices continue to suppress demand from the world’s largest oil importer. According to market sources, shipments from Saudi Aramco to Chinese buyers are projected at around......

Gold falls as US Iran conflict shifts rate outlook

Gold prices extended their decline for a second straight session as markets reacted to escalating military tensions between the United States and Iran while simultaneously reassessing the trajectory of US interest rates. Spot gold dropped 3.5 percent to 4,111.95 dollars per ounce, marking its lowest......

OPEC+ approves new oil production increase for July

The OPEC+ alliance is expected to move forward with another increase in oil production quotas for July as part of its ongoing strategy to gradually adjust supply levels in response to evolving market conditions. The decision reflects the group's efforts to balance global energy demand while maintaining......

A quarter of trapped oil tankers manage to slip through Hormuz

A quiet trickle of oil tankers has begun escaping the Persian Gulf through the Strait of Hormuz, with roughly one quarter of the large non-Iranian vessels stranded since the outbreak of war now having navigated past the strategic chokepoint. The gradual movement comes as Chevron's chief executive......

Three supertankers move six million barrels through Hormuz

Three supertankers have carried around six million barrels of crude oil through the Strait of Hormuz in a single day, marking the largest recorded movement of oil cargo since the outbreak of the conflict involving the United States, Israel, and Iran in February 2026. The shipment was bound for Asian......

South Korea and Japan agree to strengthen energy and security cooperation

South Korea and Japan agreed to expand cooperation in the energy sector and reinforce regional security coordination following high-level talks held in the South Korean city of Andong. South Korean President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi announced plans to strengthen collaboration......

Norway raises oil and gas revenue forecast to $78 billion for 2026 amid rising energy prices

Norway’s government has significantly upgraded its forecast for oil and gas revenues in 2026, expecting the state to earn around 721.1 billion Norwegian crowns (approximately $78.7 billion), driven by rising global energy prices linked to ongoing geopolitical tensions. The revised estimate marks......