Oct 21iran
US rejects Iran's claim that its mines struck three Hormuz tankers
Iran's Guards say mines set tankers ablaze in Hormuz, a claim the US military calls false. Brent is at $109.24 after swinging more than $5 on Tuesday.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
Oct 15shadow-fleet
US weighs freeing blacklisted tankers as freight costs hit records
Washington may let sanctioned tankers carry legal oil to cut record freight costs. Brent slipped to $104.76, but analysts doubt many extra ships will show up.
Oct 14strait-of-hormuz
Iran claims a mine sank a container ship near Hormuz
Iran's Guards say a mine sank a ship carrying 2,500 containers in waters south of Hormuz. Nobody else has confirmed it, and Brent held near $106 Wednesday.
Oct 13saudi-arabia
Saudi Arabia vows oil will keep flowing as Houthis target Riyadh
Saudi Arabia promised steady oil supply at a Riyadh summit held 10 km from an airport hit four times in a week. Brent eased to $105.97 as OPEC cut its outlook.
Oct 12diesel
Russian diesel deal pulls futures lower, but the volumes are small
Diesel futures slid after Russia reopened fuel exports under a deal with Trump, but the first 300,000 tons would cover only about 15 hours of US demand.
Oct 8iran
Oil jumps 4% on reports the US is preparing new Iran strike options
Brent topped $105 on reports the White House wants Pentagon plans to strike Iran before the Nov. 3 midterms. A tanker was also hit in the Gulf north of Qatar.
Oct 6aramco
Aramco chief says refilling oil stocks may need up to two years
Aramco's Amin Nasser says close to 3 billion barrels never reached buyers, and restocking the world's thin oil stocks may need two years once Hormuz is open.
Oct 2market
G7 opens 100 million barrels of reserves, but Brent ends flat
G7 nations will release 100 million barrels of oil and diesel over four months. Brent briefly fell below $99 but settled at $102.25 as doubts crept in.
Oct 1diesel
Trump cools on a diesel export ban as pump prices stay above $6
Trump says a diesel export ban could push up gasoline prices. Diesel sits at $6.39 a gallon, and Goldman says a ban would backfire once storage tanks fill up.
Sep 29analysis
Brent's front spread tops $7 as the November contract nears expiry
November Brent trades about $7.50 above December ahead of Wednesday's expiry, up from under $1 in August. Saudi flows are rising but Iran talks have stalled.
Sep 28iran
Oil jumps 3% after Trump turns down Iran's Hormuz offer
Brent rose $3.34 to $107.66 and WTI climbed to $95.60 after Trump rejected Iran's seven-day Hormuz plan, saying Tehran had overplayed its hand in the talks.