Energy Market News

Latest news and analysis on oil, gas, and commodity markets

Oil plunges 12% as Trump signals end to Iran war and G7 readies reserves

WTI crude fell below $78 a barrel Tuesday, erasing nearly all of last week's war-driven gains, after Trump said the conflict would end very soon.

Mar 10gas

Hormuz blockade puts US LNG in the spotlight, but bottlenecks limit relief

American LNG terminals are running flat out as the Strait of Hormuz blockade removes nearly a fifth of global supply, sending European and Asian spot prices to one-year highs.

Mar 9market

Oil retreats from $119 spike as G7 and Saudi reserves hit the brakes

Brent and WTI plunged more than $30 from overnight highs after G7 ministers signaled a 400-million-barrel reserve release and Saudi Aramco dumped spot crude.

Mar 9policy

G7 weighs record 400-million-barrel reserve release to cool oil prices

G7 finance ministers held an emergency call with IEA chief Fatih Birol to discuss tapping up to 400 million barrels of strategic stockpiles as crude tops $100.

Mar 9gas

Europe stares down a second energy crisis as gas storage hits four-year low

European gas storage fell to just 46 billion cubic metres by late February, the lowest since 2022, leaving the continent dangerously exposed as the Hormuz blockade cuts off Qatari LNG.

Mar 9market

Oil blows past $100 as Hormuz blockade chokes global supply

Brent crude topped $107 and WTI surged past $103 on Monday as the Strait of Hormuz blockade entered its second week, cutting off 20% of the world's oil.

Mar 8analysis

Asia's uneven oil shock: India scrambles while China taps reserves

The Hormuz crisis is hitting Asian economies hard, but not equally. India has two months of oil reserves and no alternatives. China has Russian crude and a four-month stockpile.

Mar 7analysis

Hormuz standstill enters week two with $100 oil now in sight

As the Strait of Hormuz blockade drags into its second week, Goldman Sachs warns Brent could top $100 within days while alternative routes can replace only a fraction of lost flows.

Mar 6gas

Qatar warns Gulf energy exports face total shutdown within weeks

Qatar's energy minister told the Financial Times that all Gulf exporters will likely declare force majeure within days if the Iran war keeps escalating.

Mar 6market

Brent crude tops $91 in biggest weekly oil rally since 2022

Oil posted its largest weekly gain in four years as the Strait of Hormuz crisis deepened, with Brent surging 26% and WTI jumping 30% on fears of prolonged supply disruption.

Mar 5market

WTI crude breaks $80 as Hormuz standstill enters second week

US benchmark crude topped $80 a barrel for the first time since late 2024 as tanker traffic through the Strait of Hormuz remains frozen by the Iran conflict.