Just three commodity vessels crossed the Strait of Hormuz in a day, Kpler data show, as the oil market waits on U.S.-Iran talks at the UN.
Asia's crude imports are set to hit their highest since the Iran war began, but volumes still trail pre-war levels by about 13%.
Oil is on track for a sixth straight loss as U.S.-Iran talks at the UN and a Saudi pipeline restart ease fears over Middle East supply.
Goldman Sachs expects China's crude imports to rise only modestly in Q4 if Brent stays near $100, easing fears of a China-driven price spike.
A federal judge dismissed Michigan's antitrust suit accusing Exxon, Chevron, Shell and BP of conspiring to hold back EVs and renewable energy.
South Korea plans to cut Middle East crude imports to 50% by 2035 and add 20 million barrels of oil reserves after the Hormuz disruption.
Trump says he backs banning U.S. diesel exports as the national average hits a record $6.53, splitting his Cabinet and ...
Trump and Xi are expected to discuss reviving U.S.-China LNG trade, which has effectively collapsed since Beijing imposed a ...
The Trump administration has proposed $5 billion to seed a new Gulf reconstruction fund, with regional partners asked to ...
High costs, heavy borrowing and private-credit exposure could trigger bankruptcies and a broader technology-sector selloff.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 1.786 million barrels in the week ending September 18.
S&P Global says surging demand in Brazil, India and other emerging economies will extend the life of oil, gas and coal.
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