Oil

Asian refiners resist Saudi Aramco request to load oil at Red Sea port amid Houthi threat

2026-08-17T07:26:54.000Z
Brent and WTI are on track for weekly gains of 6% and 5.4%, respectively.

Oil climbs over US$1 on tanker attacks, no progress on peace

2026-08-15T00:58:39.000Z
China Aviation Oil’s H1 revenue is down 8.8% year on year at US$7.8 billion, reflecting lower business volume even as higher oil prices provided a partial offset. 

China Aviation Oil H1 net profit falls 17.8% to US$41.1 million on squeezed margins, lower volumes

2026-08-13T07:00:16.000Z
Crude inventories rose by 17.4 million barrels to 424.4 million barrels in the week ended Aug 7, their highest since Jun 5.

Oil drops on lower demand forecasts despite deadlock in US-Iran talks

2026-08-13T02:41:11.000Z
This year’s expected supply drop will put global supply around 1.27 million bpd below demand this year.

Global 2026 oil supply shortfall to deepen as Hormuz reopening remains elusive

2026-08-12T14:22:41.000Z
In recent weeks, the Trump administration has signalled that a deal to reopen the strait could be close, only to have Iran deny that talks are ongoing.

US expects deal soon on Strait of Hormuz; Sunni powers unite in defence pact

2026-08-08T01:21:09.000Z
The Strait of Hormuz was a channel for about a fifth of global shipments of crude oil and natural gas before the conflict.

Oil prices drop 4% after Qatar, Bessent raise hopes of a US-Iran deal

2026-08-04T13:26:52.000Z
The world’s oil inventories have fallen by about half the amount many anticipated earlier in the conflict.
THE BOTTOM LINE

The global oil cushion isn’t really hitting ‘tank bottoms’

2026-08-03T08:42:26.000Z
With September’s output hike now agreed, Opec+ still has in place one more layer of output cuts that apply to most of the group’s members.

Opec+ makes small quota hike to finish unwinding 2023 oil cuts

2026-08-02T23:20:58.000Z
For July, Brent gained 24% and WTI rose 21%. 

Oil prices settle more than 1% higher, log strongest month since March

2026-08-01T01:58:31.000Z