Breaking news and analysis from the global energy markets
Brent crude falls 4% to $96.50 per barrel on reports of U.S. diplomatic initiative with Iran. Washington sends 15-point settlement proposal seeking month-long ceasefire to restore Strait of Hormuz operations.
Read Full Analysis →Brent crude surges to $114 after Israeli airstrike on Iran's South Pars gas field. Iran declares all GCC energy facilities as legitimate targets, triggering global energy crisis fears.
Brent crude reaches $106 as global oil market splits into two pricing systems. Asian economies face $150/barrel while US maintains $95-105 range amid Strait of Hormuz crisis.
Brent crude oil rises to $104 per barrel, up 3.5%, as Iran's parliament speaker declares Strait of Hormuz operations permanently altered. Tehran demands U.S. withdrawal for passage restoration.
Brent crude oil maintains $105 level as Trump administration admits naval escort operations weeks away. Strategic reserve releases fail to calm markets amid prolonged Hormuz closure.
American KC-135 refueling tanker crashes in western Iraq amid ongoing Iran operations. New Iranian Supreme Leader vows continued Hormuz closure as oil holds above $101.
Brent crude oil briefly breaches $100 per barrel following attacks on tankers. IEA announces record strategic reserve release as geopolitical tensions drive unprecedented market volatility.
Crude oil experiences dramatic volatility, plunging from near $120 to $94 as Trump hints at war resolution while Strait of Hormuz remains contested.
Brent crude oil climbs to $118 per barrel following a 27% weekly gain as U.S.-Iran conflict disrupts global energy supplies. Production cuts approaching 6 million barrels per day.
Brent crude oil jumps 18.4% to $107.85 per barrel amid escalating Middle East conflict. Strait of Hormuz disruptions and Iranian leadership transition fuel supply concerns.
Dutch TTF natural gas prices soar to €48.60/MWh after compound surge. European energy security in jeopardy as LNG tanker diversions threaten supplies.
Brent crude oil prices facing significant pressure as global production exceeds demand. EIA projects Brent to average $55-63 per barrel in 2026.
Escalating tensions in the world's most critical oil chokepoint add $8-12 per barrel risk premium to Brent crude as 21% of global petroleum consumption transits through the narrow waterway.
The Organization of Petroleum Exporting Countries and allies confirmed their commitment to existing production quotas through Q2 2026 despite pressure from member states seeking increased market share.
EIA data shows U.S. commercial crude oil inventories increased by 4.2 million barrels, exceeding analyst expectations and adding to bearish sentiment in oil markets.
The International Energy Agency reports solar and wind capacity additions are exceeding projections, potentially displacing 1.2 million barrels per day of oil demand by 2027.
Royal Dutch Shell commits $3.5 billion to new North Sea project with breakeven below $40/barrel, signaling confidence in operational efficiency improvements.
Analysts suggest ongoing regional tensions are preventing further price declines, with geopolitical risk premium estimated at $4-10 per barrel.
Chinese crude imports fell 3.2% year-over-year in February, reflecting slower economic growth and accelerating adoption of electric vehicles in the world's largest oil importing nation.