Ukraine’s Sunday drone attack set fires at an oil export terminal and an oil depot in St. Petersburg, according to the Associated Press. The report confirms fires but does not say how long operations may be affected or how many barrels could be delayed. Since the strike happened after
Well, that didn’t last long. Oil’s three-day run ended overnight, with Brent sliding 1.77% to $104.77 a barrel early Tuesday. The reason? Russia hinted it might ship even more diesel than President Trump announced. That was enough for traders to let some air out. The
Yemen’s Houthi rebels hit Riyadh’s main airport with missiles on Saturday, killing 13 people and injuring more than 300, according to Reuters. It was the deadliest attack on Saudi Arabia in more than a decade. Oil barely moved, but the fight is getting closer to the route Saudi
Oil prices dropped more than 1% early Monday after President Trump announced a Russian diesel deal and an energy ceasefire between Russia and Ukraine. Brent, the global benchmark, still sits above $100 a barrel, with WTI (the US benchmark) near $90. The market is not ready to price out the
Brent crude is back above $100 this morning. A tropical storm aimed at the Gulf Coast and more Iranian attacks on tankers near Hormuz gave traders two reasons to bid oil up, a day after the war premium (the extra cost of supply risk) looked like it was fading. What
The U.S. Strategic Petroleum Reserve held 283 million barrels as of Friday. This is the lowest level since October 1982, according to Energy Department data. The SPR is the government's emergency oil supply, and Washington has leaned on it hard since the Iran war began. That cushion
October 6, 2026 Oil prices fell Tuesday because more Middle Eastern crude is reaching buyers, easing concerns about supply. Saudi Arabia’s export recovery and a planned emergency reserve release are giving traders less reason to pay a premium for shortages. Brent traded at $98.62 a barrel at 10:
October 5, 2026 Getting the oil flowing strong again is one thing. Replacing all the barrels used to get through this crisis is another. Saudi Aramco chief Amin Nasser warned Monday that rebuilding depleted oil inventories could take up to two years. For investors, that raises a question: could demand
Something unusual is developing in the oil market tonight. More crude is beginning to flow out of the Middle East again. Saudi shipments have rebounded, tanker flows have improved and the immediate fear of simply running out of crude has eased. At the exact same time, governments are scrambling to
OilOutlook | September 25, 2026 | News & Analysis Oil fell Friday, but the bigger story for American investors may be what Washington does next. A proposed restriction on diesel exports could change refinery profits, demand for U.S. crude and the fuel bills businesses pay—even if negotiations with Iran bring
OPEC+'s seven core producers, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, agreed this week to hold October output steady at September levels. On the surface it looks like a routine call. The real story is why it barely matters. The group spent most of 2026 unwinding
Oil is knocking on $100 again, but the headline price is only the beginning of the story. Brent reached $99.49 Wednesday after the United States said it destroyed five Iranian crude carriers. Iran retaliated with ballistic missiles aimed at American military targets in Jordan, while Iran-backed Houthis attacked
