Hormuz Standoff Raises Risk of $120-140 Oil as Refined Fuels Tighten
Traffic through the Strait of Hormuz has fallen to two-month lows as the standoff between the U.S. and Iran drags…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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Mexico’s Refining Recovery Stalls as Fuel Imports Rise Again
Mexico's Pemex processed only about 1 million barrels a day at its refineries in the second quarter of 2026, just…
UAE’s Adnoc reports two vessels attacked in Hormuz as oil prices fall
ADNOC says two of its vessels came under attack in the Strait of Hormuz, yet oil prices fell on Thursday…
Oil settles down more than 2% on weak demand outlook and hefty US crude build
Oil settled down more than 2% on Thursday as OPEC and the IEA cut their demand forecasts and US crude…
Russia’s Diesel Exports Crash to Multiyear Low as Drone Strikes Squeeze Refiners
Russia's diesel and gasoil exports crashed to just 80,000 barrels per day in the first week of August, a multiyear…
