Oil Prices - Page 2

A large commercial vessel navigating open waters along the narrow shipping corridor of the Strait of Hormuz under naval escort.

October 10, 2026

Hormuz Tanker Attack: Why Big Oil Can Win When Crude Prices Surge

Hormuz Tanker Attack: How Big Oil Profits When Oil Prices Surge Diesel and gasoline costs are climbing after a tanker was hit off Qatar, and some energy companies are positioned to gain

An oil pump jack operating at an oil field in California.

Business·Policy

Oil Prices Rise: Why Brent Topped $100

Brent crude crossed $100 per barrel on Wednesday after Houthi drone and missile strikes targeted Saudi infrastructure, prompting a sharp repricing of regional supply risks. Saudi Aramco has not confirmed the operational impact of the strikes on its production or

October 7, 2026

Iran Allegedly Charging Toll at Strait of Hormuz; Maritime Law and Oil Markets Clash

News·Policy·World

U.S. Treasury has confirmed allegations of “illegitimate schemes” linked to Iranian entities PGMIC and HormuzSafe that reportedly extort vessels transiting the strait; the precise

G7 Releases 100 Million Barrels as Trump Drops Diesel Export Ban — But Winter Buffer Is Now Thin

Business·Energy·Policy·World

Update, October 5, 2026: Donald Trump has confirmed the US will not impose a diesel export ban following a deal with G7 allies. This

Oil pumpjacks in the Inglewood Oil Field

Business·Energy

OPEC Revises Oil Demand: What Shifting Forecasts Mean for Energy Prices

OPEC, the Organization of the Petroleum Exporting Countries, released updated projections on global oil demand that highlight shifting consumption patterns across developed and developing economies. The organization’s monthly reports track three key

Sunita Somvanshi

September 12, 2026

Satellite view of the Strait of Hormuz between Iran and Oman

Business·Energy·Policy

Diesel Prices Keep Climbing: How Global Supply Shocks Hit Your Household Budget

Diesel prices at the pump have surged in recent weeks, and the increases are directly connected to geopolitical tensions and refinery operations halfway around the world. Diesel operates differently in the economy

Sunita Somvanshi

September 12, 2026

Red Sea and Yemen conflict image for Houthi Saudi base strike article

Energy·World

Houthis Seize Yemen Territory, Moving Closer to Critical Shipping Route That Affects Global Trade

Houthi forces in Yemen advanced their territorial control, seizing the port city of Mocha and moving toward the Hanish islands. The significance extends beyond military advancement: the movement toward the Bab el-Mandeb

Sunita Somvanshi

September 11, 2026

Workers installing solar panels on a commercial rooftop with mountains in the background.

Business·USA

Producer Prices Rose 0.4% in August: What That Means for Your Shopping

Producer prices in the U.S. climbed 0.4% in August, and while that might sound small, it tells us something important about pricing happening before it reaches your grocery store and gas pump.

Sunita Somvanshi

September 11, 2026

Crude oil tanker at a marine terminal representing oil supply pressure behind UK petrol prices.

Business·Energy·UK

UK Petrol Jumps 5p in One Week as $100 Brent Turns War Into a Pump-Price Shock

UK petrol prices rose by 5p a litre in one week, taking the average unleaded price to 167.17p a litre. Diesel rose by the same amount to 188.63p. The RAC said there

Sunita Somvanshi

September 10, 2026

Large crude oil tanker berthed alongside a marine export terminal.

News·World

US Strikes Three Iranian Oil Tankers Near Kharg Island Following Warship Attacks

On September 5, 2026, US forces struck three Iranian crude oil carriers in the Gulf area. This followed an attack by the Islamic Revolutionary Guard Corps on two US Navy warships using

Govind Tekale

September 6, 2026

Business·Energy·Policy·World

Strait of Hormuz Chokepoint Falters as Tankers Reroute and Brent Tops $84

A narrow stretch of water between Iran and Oman has become the focal point of a months-long disruption to global energy flows. The Strait of Hormuz, the only sea route out of

Sunita Somvanshi

August 22, 2026

President Trump at a White House podium as the administration restricts CNN correspondent access to Air Force One press pool

Business·Energy·Policy·Politics

Trump Pressure Mounts on ExxonMobil, Chevron to Lower $4.10 Gas Prices Amid Profit Surge

President Donald Trump has intensified pressure on major oil companies to cut retail gasoline prices, accusing ExxonMobil and Chevron of making excessive profits from the Iran conflict. On August 3, 2026, Trump

Sunita Somvanshi

August 5, 2026

Previous 1 2