Aug 6us-oil
US shale hits its ceiling as the Permian carries the country
US oil output hit a record 13.93 million barrels a day in April, but falling rig counts and aging fields mean the Permian is now carrying nearly all the growth.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
Aug 4oil-prices
Oil sinks toward $75 as a US-Iran deal to reopen Hormuz nears
WTI crude tumbled 6.6% to $75.39 and Brent fell to $78.93 on Tuesday as Washington signaled a deal to reopen the Strait of Hormuz could land within days.
Jul 28oil-prices
Brent sinks below $82 as the US and Iran pause the fighting
Brent crude fell 8.7% to $81.31 and WTI dropped to $78.48 as a three-day lull in US-Iran strikes and revived Hormuz talks drained the war premium fast.
Jul 24oil-prices
Brent tops $100 as Houthi attacks open a Red Sea front
Brent crude punched above $100 for the first time since May after Houthi forces struck Saudi tankers in the Red Sea, then eased back near $97 on Friday.
Jul 23refining
Two wars, one target: the refineries behind the fuel crunch
Crude is not the problem anymore. Attacks on refineries from the Gulf to Russia have knocked out nearly a tenth of the world's fuel-making capacity.
Jul 20oil-prices
Brent holds near $88 as US strikes Iran for a ninth night
Brent steadied near $88 and WTI eased to $81 after a week-long surge, as a ninth straight night of US strikes on Iran keeps the Strait of Hormuz in focus.
Jul 13lng
Qatar freezes its LNG restart after a tanker is hit
Qatar has halted the ramp-up at Ras Laffan, the world's biggest LNG plant, after a tanker was struck in the Strait of Hormuz, tightening global gas supply.
Jul 13oil-prices
Oil surges nearly 9% as Iran declares the Strait of Hormuz shut
WTI leapt 8.6% to $78.16 and Brent topped $83 after Iran's Revolutionary Guard declared the Strait of Hormuz closed and struck a container ship trying to cross.
Jul 8oil-prices
Brent jumps 6.6% to $79 as Trump ends the Iran truce
Brent leapt 6.6% to $79.38 and WTI rose to $73.52 after President Trump pronounced the Iran truce dead, threatened new strikes and canceled Tehran's oil sales license.
Jul 1opec
OPEC+ weighs more barrels Sunday as oil sinks to three-month lows
Seven OPEC+ nations meet Sunday to set output as the war premium drains and crude slides to a three-month low near $68. Do they add more barrels or pause?
Jun 25natural-gas
US natural gas defies the oil crash as LNG exports hit records
Crude has fallen about a quarter this month, but US natural gas is climbing near $3.33 as record LNG exports and summer heat outweigh brimming domestic storage.