(Oil Price) – Bank of America (BoFA) is warning that oil prices could continue climbing into the winter if the U.S. and Iran fail to reach an agreement reopening the Strait of Hormuz, with severe shortages already emerging in diesel, gasoline and global natural gas markets. “We’ve been expecting oil to be in the $70 to $80 a barrel range for
(By Oil & Gas 360) – For much of the past decade, oil markets were defined by abundance. The U.S. shale revolution, ample OPEC+ spare capacity, and slowing demand growth encouraged investors to focus on production, inventories, and macroeconomic trends. Geopolitical events still generated headlines, but price spikes were often short-lived as markets assumed disrupted supplies could be replaced and trade
(Oil Price) – Oil prices have continued to whipsaw since the U.S. and Iran announced last week signed a deal to make a deal as traffic through the Strait of Hormuz is anything but straight and not expected to normalize within days. Contradictory messaging from Iran and the United States on the navigability of the chokepoint have intensified during the weekend
(Oil Price) – Tanker traffic through the Strait of Hormuz has collapsed by 90% to 95% compared to pre-war levels, analysts concur. Some oil cargoes continue to trickle through the critical chokepoint, but under increasingly opaque operating conditions, complicating the tracking of oil and gas flows and obscuring the visibility of how much energy supply actually reaches buyers these days. Traffic
(BOE Report) – Yemen’s Iran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy flows. This is why it matters and what it means for the Iran war and the global energy crisis: HOW BIG IS THE
(Oil & Gas 360) By Greg Barnett, MBA – The United States possesses the most capable financial surveillance system and the most sophisticated space-based intelligence architecture in the world. It can track cargoes leaving Iranian terminals, identify tankers operating without signals, reconstruct shipments conducted in the dark, and map the commercial networks moving those barrels across oceans. There is no
(Investing) – Oil prices climbed on Tuesday, with both crude benchmarks topping $100 a barrel. The advance came amid an impasse between the U.S. and Iran, denting hopes for a swift end to the war. A key U.S. inflation report also showed an outsized impact of surging oil prices due to the Middle East conflict. At 15:50 ET (19:50 GMT), Brent crude
(Investing) – JPMorgan expects Brent crude to remain in the low-$100s for much of 2026, even if the Strait of Hormuz reopens in June, as accelerating inventory draws and logistical bottlenecks keep the oil market tight, the bank said in a note. The bank’s revised framework assumes that the pace of oil inventory depletion will ultimately force the Strait to reopen,
(Oil & Gas 360) – The United Arab Emirates’ decision to exit OPEC after roughly six decades is one of the most consequential developments in the modern oil market, not because it alters global supply overnight, but because it exposes the structural limits of cartel governance in a world of diverging producer incentives. The move comes amid wider global fragmentation. Multilateral
(Oil Price) – At the end of February, the Alberta government released its draft budget for the year, forecasting a deficit resulting from low oil prices, set to extend over the next three years. Now, Canada—and Alberta specifically—are about to become some of the big winners from the oil price rally resulting from the Middle East supply crunch. Canadian oil producers are set
(Oil Price)– The latest flare-up between Saudi Arabia and the United Arab Emirates over Yemen looks dramatic on the surface, but OPEC cohesion, not missiles or militias, is what ultimately matters to the oil markets, which is why the latest public spat between Saudi Arabia and the UAE over Yemen created just a temporary blip in crude prices. Saudi forces
(Oil Price) – Crude oil inventories in the United States increased by 1.8 million barrels during the week ending September 26, after shrinking by 600,000 barrels in the week prior, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The increase brings commercial stockpiles to 416.5 million barrels according to government data, which is still 4%
