Crude oil and gasoline prices are facing renewed selling pressure as negotiations between the United States and Iran raise hopes of a deal that could reopen the Strait of Hormuz and restore disrupted Middle East supply flows. November WTI crude fell $2.20 to $92.15 per barrel, while November RBOB gasoline dropped 14.55 cents to $3.1840 […]
Crude oil is trading near $92 a barrel as markets weigh renewed hopes for progress in US-Iran negotiations against continued uncertainty surrounding the war, Strait of Hormuz flows and global energy supply. Iran has called for a return to an interim peace framework, raising the possibility of a phased agreement that could eventually restore more […]
Brent Crude Tests $100 as Hormuz Risk and Supply Recovery Drive Extreme Volatility Brent crude is trading around $99 per barrel, down roughly 3%, after moving as high as $105 during the latest period of heightened volatility. The sharp swings highlight a market struggling to establish a clear direction as traders balance improving physical supply […]
US natural gas prices fell to $3.16 per MMBtu on Friday as traders took profits after prices surged to a 13-week high in the previous session amid supply disruptions in West Virginia. TC Energy’s Columbia Gas Transmission pipeline in Appalachia declared force majeure due to an unexpected mechanical issue, prompting the biggest single-day gain in […]
European natural gas prices are trading around €74.4 per megawatt-hour, giving back part of the recent rebound as reports of US-Iran discussions over a possible phased agreement raise hopes that the Strait of Hormuz could eventually reopen. The diplomatic developments are easing some of the immediate risk premium in European gas, but they have not […]
US heating oil futures are extending their decline toward $4.70 per gallon, with prices reaching a two-week low as uncertainty over potential US diesel export restrictions continues to dominate the near-term outlook. The White House has denied reports of a planned 90-day diesel export ban, while Energy Secretary Chris Wright has indicated that the administration […]
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $92.60 per barrel during Asian hours on Friday. Crude oil prices depreciated amid reports that the United States (US) and Iran were considering a phased deal to reopen the Strait of Hormuz and lift a US blockade on Iranian ports. Mediated […]
Crude oil slipped below $94 per barrel on Friday, snapping a two-day rally amid reports that the US and Iran were considering a phased deal that could reopen the Strait of Hormuz and lift a US blockade on Iranian ports. Efforts to reach a breakthrough were reportedly underway on the sidelines of the UN General […]
For several weeks now, a proposal has been circulating in the US public debate, with varying intensity, to introduce a ban on diesel exports from the United States, ultimately for a period of around 90 days. This step is meant, naturally, to reduce significant pressure on the US fuel market ahead of elections that are […]
Brent crude futures ( OIL ) are rising today following the contract rollover and are gradually moving back toward the $100 per barrel area. Talks between the U.S. side and the Iranian delegation failed to produce any breakthrough, while Tehran, in exchange for reopening the Strait of Hormuz, reportedly presented a highly demanding set of […]