China Eases Fuel Export Curbs, Clearing 2.7 Million Tons for Shipment
China has partially lifted the fuel export restrictions it imposed earlier this year, letting refiners ship 2.7 million tons of…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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Iran-Oman Deal Would Hand Tehran Control Over Ships Entering Hormuz, Sources Say
A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of…
Glencore’s Energy Trading Profit Surges 66-Fold as Iran War Halts Gulf Tanker Traffic
Glencore's energy trading desk booked $2.66 billion in first-half adjusted EBIT for 2026, a 66-fold jump from $40 million a…
Iran’s oil exports collapse 93% under US naval blockade, pushing Tehran toward crypto
A US naval blockade has cut Iran's oil exports 93% in May to roughly 65,000 barrels a day, and Tehran…
Trump: Iran Deal to Reopen Strait of Hormuz Could Come This Week
An agreement to reopen the Strait of Hormuz to shipping could be reached within days, President Donald Trump said, as…
