Trump: Oil prices will plummet after war ends ‘very soon’
Oil prices are set to fall sharply as soon as the war with Iran is over, U.S. President Trump said to reporters on Sunday as he boarded Marine One for Medinah, Illinois, pointing to the already...
View ArticleUS rig count rises
The total number of rigs drilling for crude oil and natural gas in the US increased by four to 599 in the week ending 25 September, according to Baker Hughes. The number of oil rigs increased by three...
View ArticleMiddle East war: Oil spikes amid no signs of de-escalation
Brent crude’s price has opened the week above the $105/bbl mark, as US-Iran peace negotiations remain deadlocked over maritime access. Crude oil prices have continued to trade higher after US President...
View ArticleTrump ‘very seriously’ considering diesel export ban as global supply crunch...
U.S. President Donald Trump has suggested the White House is still considering a diesel export ban as he faces mounting political pressure to tackle soaring fuel prices ahead of the midterm elections...
View ArticleFirst WAF crude trade initiated on Argus Open Markets platform
Oil traders have initiated the first west African (WAF) crude cargo transaction on the Argus Open Markets® (AOM®) platform, marking a significant step forward in the development of more transparent,...
View ArticleOil rises over 2% as Iran holds firm on Hormuz reopening terms
Oil prices rose more than 2% on Monday after Iran said it would not soften its conditions for reopening the Strait of Hormuz, after President Donald Trump rejected Tehran’s proposal, keeping...
View ArticleFrom buyer to broker: China’s emergence as a global LNG reseller
Over the last decade, China has transformed from the world’s largest liquefied natural gas (LNG) buyer into a major global reseller. Plateauing domestic demand, a ballooning portfolio of long-term...
View ArticleTrump’s Russia tariffs could threaten to deepen Europe’s LNG squeeze
The European Commission has said it will work with Washington to make sure that as little disruption as possible will come from the latest tariffs against Russian energy announced by Donald Trump. The...
View ArticleWith a Super El Nino, analyst asks: What happens to LNG demand?
A forecast “Super El Nino” in 2026-27 is unlikely to materially weaken global liquefied natural gas demand, despite the potential for significantly warmer winters in Asia, Bernstein analysts said in a...
View ArticleDiesel export ban would send shockwaves through US refining system
A potential US ban on diesel exports might initially appear to be a straightforward way to increase domestic supply and lower prices, but the reality is far more complicated, analysts and industry...
View ArticleUS Natgas Prices Fall Further
US natural gas prices fell for a second session to around $3.11/MMBtu on Monday, as the market awaited further updates on the Mountaineer XPress pipeline in West Virginia. TC Energy’s Columbia Gas...
View ArticleRussia says sanctions should be lifted for it to satisfy international diesel...
Kremlin spokesperson Dmitry Peskov said that for Russia to lift its diesel export ban and flood international markets, countries that have imposed sanctions on Russia should lift bans on importing...
View ArticleOil falls on U.S.-Iran truce hopes, Brent set for weekly gain while WTI declines
Oil prices slipped on Friday, halting a two-day climb, after a media report that the U.S. and Iran were exploring a phased deal to reopen the Strait of Hormuz. Traders chose to focus on the report and...
View ArticleA US diesel export ban would trigger global stock drawdowns, cut US refinery...
As US diesel prices soar and political pressure for an export ban grows, a new Wood Mackenzie analysis warns the move could have considerable ripple effects, triggering significant global product stock...
View ArticleFitch Ratings Raises Near-Term Oil and European Gas Price Assumptions
Fitch Ratings has modestly raised its 2027 oil price assumptions and increased its 2026-2027 TTF gas assumptions due to the Iran conflict. We have maintained our 2026 Brent price assumption at...
View ArticleOil dips after sharp gains as U.S., Iran reportedly explore Hormuz deal
Oil prices fell on Friday, as reports that the U.S. and Iran were exploring a phased deal to reopen the Strait of Hormuz tempered some supply concerns, although a Houthi missile attack on Saudi Arabia...
View ArticleBofA lifts second-half Brent oil forecast amid ongoing geopolitical tensions
Analysts at Bank of America have raised their estimates for Brent crude prices in the second half of 2026, pointing to ongoing geopolitical tensions. In a note dated Monday, the bank lifted its...
View ArticleOPEC must appreciate Iraq’s bid for higher quota: minister
OPEC must appreciate Iraq’s request for a higher oil output quota to offset its losses due to conflicts over the past four decades, the Arab country’s oil minister said. Bassim Khudair said in a local...
View ArticleUK Natgas Prices Drop on Hormuz Deal Hopes
UK natural gas prices fell below 186 pence per therm on Friday, reversing part of the previous session’s gains amid reports of US-Iran discussions over a phased agreement to reopen the Strait of Hormuz...
View ArticleGoldman Sachs raises Brent oil forecast to $85 a barrel
Goldman Sachs raised its Brent crude oil price forecast to $85 per barrel for December as energy prices increased over the past several weeks across Asia-Pacific markets. The bank’s commodities...
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