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Oil prices

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Is the AI trade still intact? And why oil might be your next surprise

Overall traffic remain a fraction of the daily average of 125 ships passing through the strait before the Feb 28 conflict began.
Energy & Commodities

Oil edges lower amid resumption of strait shipments even as vessel hit near Oman

Vessels are transiting Hormuz with their satellite signals switched on, indicating growing confidence among shipowners about the safe passage of the chokepoint.
Global Enterprise

Oil erases wartime gains as more tankers transit Hormuz

Brent crude futures were down US$2.32, or 3.01 per cent, at US$74.76 a barrel by 1218 GMT on Wednesday.
Energy & Commodities

Brent hits lowest since before start of Iran war on expectations of smoother oil flows via Hormuz

Some in the market are assessing whether storing crude could be an option for the impending wave of supply.
Global Enterprise

Asia’s demand for Middle Eastern oil slows after three-week buying spree

Oil futures have retreated by more than a third from their wartime highs, driven in part by expectations of an impending increase in crude supply.
Energy & Commodities

Oil eases while tankers openly enter Hormuz after peace deal

Two crude tankers with just under two million barrels of oil sailed through the Strait of Hormuz on Monday, ship-tracking data showed.
Energy & Commodities

Oil inches down as investors focus on Hormuz flows after peace talks

Over 25 million barrels of Iranian oil have passed through the virtual blockade line since Monday, the head of the National Iranian Oil Company, Hamid Bovard says.
Energy & Commodities

Oil declines after US-Iran talks conclude in Switzerland

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

The premium for two-month Brent call options has all but disappeared, after reaching more than 30 points in mid-March.
Energy & Commodities

Oil glut bets back in play as crude sinks after US-Iran deal

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