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US crude oil inventories up 0.7% in week ending July 3

- ⁠Daily crude oil production increases to around 13.86 million barrels per day

08:35 Oil

Oil prices jump 6% as Trump says ceasefire with Iran ‘over’

- Brent rises to $78.5, WTI climbs to $74.6 after US president signals collapse of tentative truce with Tehran

08.07.2026 Oil

US revokes license authorizing sale of Iranian oil after strikes in Strait of Hormuz

- ‘Iran’s actions in the Strait were wholly unacceptable to the United States and will be met with consequences,’ US official tells CNBC

08.07.2026 General

US energy agency cuts oil price forecast on expectations of higher oil supply

- Brent crude estimated to average $81.91 per barrel, WTI $76.26 per barrel in 2026

08.07.2026 Oil

Oil jumps more than 3% as US-Iran tensions reignite supply fears

- Fresh US strikes, attacks on vessels in Strait of Hormuz and tighter curbs on Iranian oil lift crude prices

08.07.2026 Oil

Iraq prepares to reopen Syrian land route for oil exports to bypass Gulf

- Baghdad plans to export up to 50,000 bpd of crude by tanker trucks to Syria’s Port of Baniyas to reduce reliance on Strait of Hormuz, move experts say could lay groundwork for future pipeline infrastructure and regional cooperation

07.07.2026 General

bp to sell Bay du Nord stake to Equinor in move to simplify portfolio

- British energy company says transaction is part of disciplined capital allocation strategy

07.07.2026 General

Oil gains as Hormuz tensions, Russia supply risks outweigh OPEC+ increase

- Fresh security incidents in Strait of Hormuz and attacks on Russian energy infrastructure support oil prices, though expectations of higher OPEC+ supply cap gains

07.07.2026 Oil

Oil prices mixed as OPEC+ approves August output increase

- OPEC+ agrees to increase August production target by 188,000 bpd

06.07.2026 Oil

Russia says Ukrainian drone hit oil terminal in St. Petersburg

- Ukrainian President Zelensky confirms attack on St. Petersburg oil infrastructure

04.07.2026 Oil

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US oil rig count up for week ending July 2

- Number of US oil rigs up by 20 compared to one year ago

04.07.2026 Oil

Oil falls for week as US-Iran talks reduce geopolitical risk premium

- Unwinding of Middle East geopolitical risk premium pushes Brent lower as markets grow more confident that regional oil flows would remain uninterrupted

03.07.2026 Oil

Oil gains as traders weigh US-Iran negotiations against OPEC+ output plans

- Signs of diplomatic progress between Washington and Tehran ease fears of major supply disruptions, although traders remain cautious ahead of the OPEC+ policy meeting

03.07.2026 Oil