oil market


Wednesday, January 21, 2026
Laden crude oil tanker approaches the port of Qingdao, China in the morning fog. Photo credit: Shutterstock/Igor Grochev
News

World Oil Market Faces Significant Surplus in First Quarter, IEA Says

The global oil market will be in deep surplus in the first quarter of 2026, the International Energy Agency said on Wednesday, as so far excess supplies

January 21, 2026
Total Views: 761

Sunday, June 22, 2025
energy strait hormuz oil iran
Shipping

What Is The Strait Of Hormuz And Why Is It So Important For Oil?

June 22 (Reuters) – Iran’s top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday,

June 22, 2025
Total Views: 3660

Oil tankers pass through the Strait of Hormuz
Energy

Trump’s Airstrikes On Iran Leave Oil Market Poised For Surge

By Alex Longley and Yongchang Chin Jun 21, 2025 (Bloomberg) –The oil market has been wrestling for days with Donald Trump’s next act in an

June 22, 2025
Total Views: 833

Tuesday, April 23, 2024
Aerial photo of an oil tanker at anchor. Stock Photo: Nickeo23/Shutterstock
Shipping

Oil Market Sees Iran Sanctions Having Muted Export Impact

(Bloomberg) — Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track to become law as early as this week. But don’t

April 23, 2024
Total Views: 583

Wednesday, January 10, 2024
A tanker transits the Suez Canal. Shutterstock/Anatoly Menzhiliy
Shipping

Surge in Freight Reverberates Through the Global Oil Market

(Bloomberg) — A surge in freight rates is prompting crude buyers in Asia to shift more purchases to Middle Eastern oil, aiding spot market prices. The

January 10, 2024
Total Views: 1827

Monday, September 16, 2019
oil tanker deck
Interesting

Oil Surges Most in Decades After Attack on Heart of Saudi Oil Industry

By Laila Kearney NEW YORK, Sept 16 (Reuters) – Oil ended nearly 15% higher on Monday, with Brent logging its biggest jump in over 30 years and a

September 16, 2019
Total Views: 30

saudi oil attack Abqaiq
Shipping News

Attack on Saudi Oil Facility Hits the Oil Market’s Achilles Heel: Kemp

By John Kemp LONDON, Sept 16 (Reuters) – Oil security experts have worried for decades about the vulnerability of Saudi Arabia’s Abqaiq processing

September 16, 2019
Total Views: 34