Saudi Arabia Reroutes Oil Through Hormuz as East-West Pipeline Stays Shut
Saudi Arabia has sold up to 60 million barrels of crude for September and October loadings via ship-to-ship transfers near…
Oil News (WTI)
Latest WTI crude oil news — price movements, OPEC+ production decisions, US inventory data and energy market analysis.
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Bessent Bets Hormuz Won’t Matter in Two Years as Saudi Bypass Pipeline Sits Offline
Treasury Secretary Scott Bessent says the Strait of Hormuz will be irrelevant to markets within two years, betting on pipelines…
Macron weighs releasing French oil reserves as fuel shortages spread
French President Emmanuel Macron is weighing the release of strategic oil reserves as fuel shortages spread across the country. More…
TotalEnergies sells African oil and gas pipelines to BlackRock’s GIP for $1.8 billion
TotalEnergies has agreed to hand over ownership of certain African midstream oil and gas assets to Global Infrastructure Partners, a…
Oil Prices Fall for Third Straight Day as Saudi Arabia Eases Supply Fears
Oil prices extended a third straight day of losses on Friday after Saudi Arabia found workarounds to keep crude flowing…
