How China Became the Ultimate Swing Oil Buyer
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
crude oil supply
Oliver Davis4 min read
Kazakhstan Suspends Major Oil Exports Amid Black Sea Risks
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
Oil Markets Ignore Mounting Risks at Their Own Peril
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 Oil Lifeline Reopens Through Turkey Amid Trust Concerns
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
EIA Sees 600,000 Bpd Middle East Oil Offline Through 2027
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
Hormuz Attacks Push Oil Toward $100 Despite US Crude Build
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
Norway Oil Output Tops Forecasts as Hormuz Traffic Nears Crisis Lows
Norway oil output surged past forecasts in June as offshore fields returned from maintenance, adding stability to a crude market still on edge over Strait of Hormuz shipping risks.
Tara Burke4 min read
Record Vaca Muerta Oil Output Fails to Lift Argentina Economy
Argentina's Vaca Muerta shale just posted record oil output, reshaping global crude supply talk even as USO holds steady. Here's what the boom means, and why it hasn't lifted Argentina's…
Oliver Davis3 min read
Latest Oil Rally May Have Much Further to Run
Oil's latest rally is gathering speed as Hormuz and Bab el Mandeb disruptions squeeze global crude flows, with USO trading near yearly highs and traders eyeing 100 dollar barrels.
Logan Ruiz4 min read
Venezuela Oil Production Rises Despite Ongoing Industry Challenges
Venezuela oil production has climbed to multiyear highs since Maduro's capture, but sanctions scars, aging infrastructure and environmental damage keep output far below historic peaks.
Tara Burke6 min read
Russia Oil Industry Running Out of Room for More Shocks
Russia's crude output is sliding under the weight of sanctions and drone strikes on refineries and ports, with Rystad Energy warning a real recovery looks unlikely before 2027.
Tara Burke4 min read
Trump Hormuz Toll Plan Could Disrupt Global Energy Trade
Oil fund USO jumped 2.57% as Trump's proposed 20% Hormuz toll rattled markets. Here's how the charge could reshape crude supply, inventories and the case for renewables.
Logan Ruiz5 min read
ADNOC Makes One of the Biggest Changes to Middle East Crude Pricing in Years
ADNOC is overhauling how it prices Abu Dhabi crude, shifting Murban, Das, Upper Zakum and Umm Lulu to prompt month Platts Dubai pricing starting in November 2026.
Oliver Davis4 min read
Houthi Red Sea Blockade Threatens to Push Oil Prices Higher
Oil markets are on edge again as Yemen's Houthis threaten a Red Sea blockade that could trap millions of barrels of Saudi crude, just as the Strait of Hormuz remains…
Aaron Roberts4 min read