Energy Market News

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

The $30 oil swing: how one Truth Social post moved markets

Brent crude swung in a $17 range Monday alone. Over 24 days, oil has gone from $68 to $119 and back to $100 on little more than presidential posts and war headlines.

Mar 23oil

Oil plunges 14% as Trump pauses Iran strikes, cites productive talks

Brent crude crashed below $99 a barrel after Trump delayed power plant strikes for five days. Tehran denies any talks are happening.

Mar 22oil

Trump gives Iran 48 hours to reopen Hormuz or face power plant strikes

Trump threatened to obliterate Iran's power plants if the Strait of Hormuz stays closed. Tehran responded by vowing to destroy Gulf energy infrastructure.

Mar 21oil

Iraq halts foreign oil output as drones hit Kuwait refineries

Iraq declared force majeure on all foreign-operated oilfields as Hormuz disruptions choked exports. Hours later, Iranian drones struck two Kuwait refineries.

Mar 19analysis

Could oil hit $200? Wall Street no longer rules it out

Wood Mackenzie sees $200 Brent as plausible. Goldman Sachs, UBS, and Barclays have all hiked forecasts. With the Strait of Hormuz still choked, the ceiling keeps rising.

Mar 19gas

Iran missiles hit Qatar's Ras Laffan, the world's largest LNG hub

Iranian missiles struck Qatar's Ras Laffan complex twice in 12 hours, knocking out 17% of the country's LNG export capacity and sending European gas prices up 35%.

Mar 16market

WTI crude slides below $95 as traders bet Iran war is winding down

WTI crude fell 3.6% to $95.10 a barrel on Monday as de-escalation hopes, record reserve releases, and Saudi output gains chipped away at the war premium.

Mar 15oil

Pentagon weighs Operation Epic Escort as tanker standoff drags on

The US Navy is drawing up plans to convoy oil tankers through the Strait of Hormuz, but military officials say the fleet won't be ready for weeks.

Mar 13market

Tanker rates hit record highs as insurers flee the Persian Gulf

VLCC day rates surged past $423,000 and five major P&I clubs pulled war risk cover, leaving hundreds of ships stranded outside the Strait of Hormuz.

Mar 12market

IEA releases record 400 million barrels but oil prices refuse to budge

The largest emergency oil release in IEA history drew a collective shrug from markets, with Brent climbing back above $100 hours after the announcement.

Mar 12opec

Saudi Arabia quietly boosted oil output weeks before the Iran strikes began

OPEC data shows Saudi production jumped to 10.88 million barrels a day in February, an 8% surge that started before the first missiles flew on February 28.