(By Oil & Gas 360) – A fragile pause in Middle East hostilities is offering global energy markets a moment to breathe, even as underlying risks remain firmly in place. Recent diplomatic movement, reportedly supported by Washington and quietly reinforced by regional actors, has created a short window for de-escalation between Iran and its adversaries. Israel has signaled alignment with a
(By Oil & Gas 360) – Global energy supply is being reshaped, not by a single event, but by a shift in where the next barrels are coming from. For much of the past decade, the story was relatively clear. U.S. shale growth, OPEC+ management, and steady demand shaped a market that, while volatile, remained broadly predictable. That framework is
(Investing) – SINGAPORE/OSLO – Shippers said on Wednesday they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the Strait of Hormuz, as Iran issued fresh warnings about any vessels attempting to sail through the waterway. The six‑week conflict had brought traffic through the strait – a chokepoint for about 20% of global oil and liquefied natural
(Investing) – LONDON – Investors placed an approximately $950 million bet on oil prices falling just hours before the U.S. and Iran announced a ceasefire, the latest large wager on the direction of the world’s most traded commodity ahead of a major policy announcement by President Donald Trump. On Tuesday, investors sold a combined 8,600 lots of Brent and U.S. crude
(Oil Price) – ExxonMobil lost 6% of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf. Half those outages were from a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said Wednesday. Two LNG production lines, or trains, at the facility were damaged by
(BOE Report) – Saudi Arabia’s crucial East-West oil pipeline, currently its only outlet for crude exports, was hit in an Iranian attack and other facilities in the kingdom were also targeted, an industry source told Reuters on Wednesday. The pipeline was diverting around 7 million barrels per day (bpd) from the kingdom’s oil heartland in the east to the Red
(Investing) – Oil prices will continue to remain volatile despite falling 10-15% after the much-awaited ceasefire deal between the U.S. and Iran on Tuesday, according to Barclays. “Oil prices are down 10-15% this morning following the two-week ceasefire in the Middle East, and we expect the oil equities to be under pressure in the short term,” analysts at Barclays said in
Weekly Crude Oil Storage as of April 3, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.1 million barrels from the previous week. At 464.7 million barrels, U.S. crude oil inventories are 2% above the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
