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US crude oil inventories down 0.4% in week ending July 10

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

08:37 Oil

Higher oil prices fuel profits for producers, political pressure for White House

- Elevated gasoline prices could become a key election issue despite strong financial performance across the US energy sector

11.07.2026 Oil

Middle East tensions drive weekly oil rally despite OPEC+ output increase

- Investors continue to monitor Middle East developments as concerns over crude shipments through the Strait of Hormuz persist

10.07.2026 Oil

Brent retreats after sharp rally as profit-taking outweighs fresh geopolitical tensions

- Oil prices edge lower after an 8.7% surge, while concerns over supply disruptions in the Strait of Hormuz continue to provide support

09.07.2026 Oil

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

09.07.2026 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

US, Japan, South Korea sign cooperation agreement for deployment of small modular reactors

- Trilateral Memorandum of Cooperation 'advances our mutual security interests and paves the way for partner countries to meet their energy security needs,' says US State Department

08.07.2026 General

Trump says US prefers nuclear deal with Iran but warns military action remains an option

- 'We're either going to make a deal or we're going to finish the job,' says US president

07.07.2026 General

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Cuba’s national power grid suffers ‘total disconnection’

- Grid operator says cause of outage under investigation as island faces severe power crisis

07.07.2026 General

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's war rally reverses as Hormuz tensions ease, Brent falls back below $73

- Oil markets experienced one of their most volatile first halves in years, with Brent rallying more than 100% before surrendering most gains as geopolitical risk premiums rapidly unwound

02.07.2026 Oil