Iraq has restored a vital route for crude exports through Turkey after the Hormuz disruption filled storage and forced well closures. The one year deal restarts more than 200,000 barrels…
Logan Ruiz7 min read
China’s drawdown of crude stocks has reshaped Asian buying during the Iran conflict, freeing Gulf cargoes for other markets. Here is what import flows, export figures and USO’s latest move…
Tara Burke5 min read
Tanker freight now accounts for about a fifth of crude cargo costs. Longer voyages, queues near Hormuz and Japan’s reserve rebuilding are tightening competition for barrels, while US export supply…
Logan Ruiz6 min read
Oil’s oversupply story faltered after conflict around Iran put the Strait of Hormuz at risk. USO rose on September 30, while weaker Chinese imports and higher Nigerian production complicate the…
Tara Burke6 min read
Norway’s oil and gas output may stay near current levels through the late 2020s, then decline. A new assessment explains why exploration, field investment and export infrastructure will determine how…
Trevor Harris6 min read
Saudi Aramco is routing more crude to Asian buyers through tanker transfers outside the Strait of Hormuz. The workaround is sending barrels to China as the USO proxy gains 3.3%,…
Trevor Harris2 min read
Trump’s Venezuela oil agreement promises a huge production target, but the ownership structure remains disputed. Unpaid claims, difficult fields and the assumptions behind Caracas’s $209 billion revenue estimate raise questions…
Trevor Harris5 min read
India’s Russian crude purchases fell sharply in August even as refinery maintenance stayed limited and fuel demand remained firm. Lower Russian exports, Black Sea shipping risks and rising Chinese buying…
Aaron Roberts6 min read
Crude oil proxy USO climbs 2.13% as Kenya, Tanzania and Uganda clash over competing refinery and pipeline projects that could reshape East Africa's fuel supply for decades.
Aaron Roberts5 min read
Crude oil (tracked via the United States Oil Fund, USO) slipped 2.81% to 128.63 dollars on the day, even as the slow motion drama over Venezuela's oil reserves, the largest…
Trevor Harris2 min read
China's massive crude stockpiles let it slash imports and cap oil prices during a five month Hormuz crisis. Here is how Beijing became the market's swing buyer.
Oliver Davis4 min read
Kazakhstan halts crude flows through a key Black Sea pipeline after drone strikes on tankers, yet oil prices dip. Here is why the disruption has not sparked a bigger market…
Oliver Davis4 min read
Houthi threats ignite fresh alarm over Red Sea shipping as Saudi Aramco races to move record crude volumes through Yanbu, sending Brent above 91 dollars and rattling tanker traffic worldwide.
Aaron Roberts6 min read
USO slips 1.79% even as Hormuz tanker traffic nears zero and US Iran tensions escalate. Here is why oil markets seem to be shrugging off the risk.
Aaron Roberts4 min read
Iraq's new pipeline deal with Turkey offers a lifeline while the Strait of Hormuz remains blocked, but old fractures over Kurdish oil sales threaten to unravel it within the year.
Trevor Harris5 min read
The EIA expects roughly 600,000 barrels a day of Middle East oil to stay offline through 2026 as Hormuz disruptions persist, pushing Brent forecasts sharply higher.
Trevor Harris4 min read
Seven months after Maduro's ouster, big oil still hasn't rushed into Venezuela. See how crude prices, USO, and cautious majors are shaping the country's slow oil comeback.
Logan Ruiz3 min read
Oil prices remain calm despite a fresh strike on Saudi Arabia's Abqaiq complex, but silence from Aramco and a pattern of coordinated attacks suggest the real risk is still building…
Tara Burke5 min read
Oil prices are climbing toward 100 dollars a barrel as Iran's attacks on Hormuz shipping and a US naval blockade collide with shrinking demand forecasts and shifting Saudi supply plans.
Aaron Roberts5 min read
China's newest five year plan doubles down on gas imports and domestic oil output, even as USO holds steady near its 52 week high. Here's what it reveals about Beijing's…
Tara Burke4 min read
Oil fund USO jumps 2.77% as Gulf producers route over 4 million barrels a day around the Strait of Hormuz through a shadow tanker network built to dodge the Iran…
Logan Ruiz4 min read
USO shares climbed 2.77% as nations from India to Australia rush to rebuild depleted oil reserves after the Strait of Hormuz closure exposed dangerous supply gaps.
Oliver Davis4 min read
Crude oil is climbing again, with the United States Oil Fund (AMEX:USO) up 2.77% to 134.54 dollars, deep in its 52 week range of 102.42 to 142.33 and carrying a…
Oliver Davis5 min read
Crude oil fund USO jumped 2.77% as India's record breaking Russian oil imports and a slow Hormuz recovery reshape global crude flows and tanker economics.
Aaron Roberts5 min read