Saudi July crude supply to China to remain at record low
Saudi Arabia's crude oil sales to China are expected to remain at record lows in July as elevated prices in the wake of the U.S.-Israeli war on Iran continue to weigh on demand from the world's largest crude importer, sources familiar with the matter said.
Once an Arab oil embargo victim, US becomes world's top oil exporter
The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes global energy trade.
China Is Propping Up the World Economy by Importing a Lot Less Oil
Clues are emerging in the mystery of the missing three million barrels—the oil that China would normally be importing but isn't now.
Oil Rises Amid Escalating Supply-Disruption Fears
Oil rose in early Asian trade amid escalating supply-disruption fears caused by rising U.S.-Iran tensions.
US oil reserves drop towards Reagan-era lows, 'significant impact at the pump' coming, experts warn
The U.S. Strategic Petroleum Reserve hits a three-year low of 349.2 million barrels, nearing levels not seen since the Reagan administration in 1983.
OPEC oil output lowest since at least 2000 as US blockade squeezes Iran, Reuters survey shows
OPEC oil output in May hit its lowest in more than two decades, a Reuters survey found, as a U.S. naval blockade cut Iran's exports and Iran's effective closure of the Strait of Hormuz slashed exports by other Gulf producers.
U.S. Bombs Iran and Oil Prices Shrug It Off
Brent crude and WTI prices were showing relatively muted reactions to the resumption of direct conflict between the U.S. and Iran.
Oil choppy after U.S. completes Iran strikes following Apache helicopter attack
Oil prices rose on Wednesday after the U.S. launched military strikes against Iran. The U.S. military said it had completed strikes against Iranian military targets near the Strait of Hormuz.
Oil rises nearly 1% as US launches new strikes against Iran, supply tightens
Oil prices climbed about 1% on Wednesday, moving away from a seven-week low touched in the previous session, after the U.S. military launched new strikes against Iran and as market data showed another large draw in U.S. crude stocks.
Oil prices are defying a worst-case energy crisis — but workarounds won't last forever
Energy markets' worst nightmare has been playing out for more than 100 days, but one would hardly know it by looking at crude-oil futures.
Kuwait's oil stocks fall as two tankers exit Gulf, Kpler says
Kuwait's oil inventories have declined sharply as a result of two Very Large Crude Carriers (VLCCs) which exported crude through the Strait of Hormuz with their AIS transponders switched off, according to a note from data provider Kpler on Tuesday.
U.S. Exports Rose in April, as War with Iran Buoyed Oil Demand
Commerce Department data showed exports rose 2.6 percent in April to $327.1 billion.
