The Business Times
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Oil and gas

Companies & Markets

Oil prices little changed as US-Iran peace efforts hold

The Strait of Hormuz – which links Persian Gulf producers to global markets – was subject to a double blockade during the US-Iran war.
Energy & Commodities

Oil may slump to US$60 as Hormuz shock from US-Iran war fades: Citi

At least five supertankers carrying a total of 10 million barrels of Saudi oil loaded from Ras Tanura have exited the Strait of Hormuz.
Energy & Commodities

Oil edges higher ahead of long US weekend as Washington-Teheran peace efforts hold

Iran has come to view its ability to threaten shipping in the strait as a useful source of leverage in its dealings with foreign powers.
Global Enterprise

After the US-Iran war, is free navigation in the Strait of Hormuz gone for good?

UBS on Jul 2 cut its Brent forecasts citing the US-Iran MOU and the subsequent increase in oil shipping through the Strait of Hormuz.
Energy & Commodities

Oil falls for a third straight day after US-Iran talks conclude in Doha

Aramco has resumed crude oil loadings on Friday at its Ras Tanura terminal (pictured) in the Gulf after they were halted for nearly four months.
International

Saudi Aramco helicopter crash kills 14 nationals

Middle Eastern crude has been trading since mid-month in a bearish contango structure that signals oversupply.
Global Enterprise

Hormuz reopening is quickly flooding oil markets with supply

Iran, which has long sold its shipments primarily to China, due to sanctions constraints, is eager to find a wider range of buyers and to clear oil currently in tankers.
Energy & Commodities

Iran rushes to woo Asia’s largest oil importers after US waiver

Qatar's Ras Laffan Industrial City, as seen on Mar 2. QatarEnergy did not indicate whether the Jun 21 explosion had caused any damage to the plant.
Energy & Commodities

More than 50 injured and 18 missing after explosion at Qatar’s Ras Laffan LNG site, authorities say

China overtook the United States in 2024 to become the world’s largest oil refiner and is typically a major supplier of refined fuels to neighbouring countries.
International

While the world scrambles for oil, China sits on full tanks

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