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.
Energy Market News
Latest news and analysis on oil, gas, and commodity markets
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.
Jun 24iran
Iran's 60-day oil license drags crude to a three-month low
A US Treasury license lets Iran sell crude again for 60 days. WTI fell near $71 and Brent below $75, their lowest in nearly three months, as sidelined barrels return.
Jun 22hormuz
The insurance bill keeping oil above $75 after Hormuz reopens
The Strait of Hormuz is open again, but war-risk insurance near 5% of a tanker's value is keeping crude in the mid-$70s. Underwriters want months of calm first.
Jun 18lng
Qatar's LNG comeback begins Friday as the Strait of Hormuz reopens
Qatar shut the world's biggest LNG plant when the war began. As Hormuz reopens Friday, QatarEnergy expects to reach half its capacity within a month.
Jun 17hormuz
Hormuz reopens Friday, but 500 tankers can't cross at once
The US naval blockade lifts when the Iran deal is signed Friday in Geneva, but 500 waiting tankers, mined waters and depleted Gulf inventories will slow the restart.
Jun 15oil-prices
Oil sinks to $81 as US and Iran agree to reopen Hormuz
WTI fell 4.4% to $81.33 and Brent dropped to $83.63 after the US and Iran reached an initial deal to extend the ceasefire and reopen the Strait of Hormuz.
Jun 9diesel
Diesel and jet fuel are the Iran war's real fuel crunch
Crude gets the headlines, but refiners are earning double their usual margin as diesel and jet fuel, not gasoline, take the brunt of the Hormuz shock.