Crude Futures Turn Positive on Continued Hormuz Closure

Summary Reports of resolution, continued fighting move prices US measures aimed at easing supply tightness Disruption of trade through the strait continues (Reuters) – Crude futures climbed higher on Friday…

Hormuz Crisis Forces Massive Saudi Oil Shut-In

Saudi Arabia has slashed oil output by roughly 20% as the war with Iran continues to choke off exports from the Persian Gulf, in what could become one of the…

U.S. clarifies 172 MMbbl SPR release will be oil exchange

(Bloomberg) – The U.S. Energy Department reiterated Sunday that a planned 172-million-barrel release of oil from the country’s Strategic Petroleum Reserve would be structured as an exchange.  The agency…

Trump orders restart of California’s Santa Ynez offshore oil unit

(WO) – The Trump administration has ordered the restart of offshore oil production at California’s Santa Ynez Unit and the associated Santa Ynez Pipeline System, directing operator Sable Offshore Corp.…

U.S. strike near Iran’s Kharg Island heightens risk of oil supply disruption

(Bloomberg) – A U.S. strike near Iran’s Kharg Island, the country’s main crude export hub, has heightened concerns about potential disruptions to global oil supply as conflict in the Middle…

California Hit By Much Higher Oil Prices as Iran War Stresses Refiners

By and California now more dependent on costlier fuel imports from Asia West Coast refineries account for about 50% of Middle East crude imports to US Prices spike for alternative…

CHARTED: The Energy Mix of the World’s 10 Largest Economies – Visual Capitalist

By | Graphics/Design: Key Takeaways Oil is the largest energy source in six of the world’s 10 biggest economies, including the U.S., Germany, Japan, the UK, and Italy. Coal dominates…

RANKED: The Top Buyers of U.S. Oil in 2025 – Visual Capitalist

By | Graphics/Design: Key Takeaways The Netherlands imported 419 million barrels, making it the world’s largest buyer of American crude, ahead of much larger economies like China, India, and Japan.…

US Drillers Add Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes

(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since early February, energy services firm…

19 Million Barrels of Russian Crude Cleared for Sale in Asia

Refiners can legally buy at least 19 million barrels of Russian crude held on 25 tankers in Asia under the one-month U.S. waiver allowing sales as Middle Eastern supply is…