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At Close: Jun 05, 2026
Interior Secretary Burgum calls for IEA to release oil reserves to address supply shortage
09:21am, Wednesday, 11'th Mar 2026
U.S. Interior Secretary Doug Burgum said the International Energy Agency should release oil reserves to address the disruption caused by the Iran war. Burgum's comments come as the IEA has proposed to
OPEC confirms big Saudi oil production hike ahead of Iran war, holds forecasts steady
09:04am, Wednesday, 11'th Mar 2026
OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and Israeli strikes on Iran and kept its forecasts for relatively strong global oil demand
Gulf oil shock makes Russia's Ukraine disruption look small, says Goldman
09:04am, Wednesday, 11'th Mar 2026
Oil flows through the Strait of Hormuz have collapsed to just 3% of normal levels, according to Goldman Sachs, as tanker attacks continue to pile up, though futures markets are still pricing in a rel
Russian oil price used for taxation exceeds budget target, helping state coffers
06:03am, Wednesday, 11'th Mar 2026
The price of Russian oil used for taxation has exceeded the budget target for the first time since January 2025 because of the rise in global prices caused by the Iran war, Reuters calculations
US-sanctioned Chinese oil terminal resumes business after ownership change
05:35am, Wednesday, 11'th Mar 2026
A Chinese oil terminal sanctioned by Washington in October has resumed operations after a logistics unit of state refiner Sinopec
Oil Prices Jump After U.S. Hits Iran Mine Ships. But This Could Trigger a Wild Swing Wednesday.
05:17am, Wednesday, 11'th Mar 2026
Oil prices were rising early Wednesday but remained below $90 a barrel. The market looked to be stabilizing—but don't count on it staying that way.
The oil crisis will be prolonged as restarting production in the Gulf will take months: Kilduff
04:40am, Wednesday, 11'th Mar 2026
John Kilduff, Again Capital's founding partner, says that oil storage in the Gulf is "100% the problem" and adds that the energy market will remain under pressure for longer.
CNBC Daily Open: Oil jitters persist as U.S. targets Iranian ships near Strait of Hormuz
03:47am, Wednesday, 11'th Mar 2026
Oil rose slightly higher in volatile trading. White House press secretary Karoline Leavitt said that the U.S. has not escorted a tanker through the Strait of Hormuz.
Oil prices hold below $90 as traders shrug off prospect of historic reserve release
03:26am, Wednesday, 11'th Mar 2026
Oil prices were choppy on Wednesday morning as markets continue to watch developments in the U.S.-Iran war. By 2:37 a.m.
Oil Futures Mixed as Traders Digest IEA's Proposal to Release Strategic Reserves
08:48pm, Tuesday, 10'th Mar 2026
Oil futures were mixed in the early Asian session after swinging between gains and losses.
IEA proposes largest ever oil release from strategic reserves, WSJ reports
08:40pm, Tuesday, 10'th Mar 2026
The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared due to the U.S.-Israel war with Iran, the Wall Street
IEA Proposes Largest Ever Oil Release From Strategic Reserves
08:09pm, Tuesday, 10'th Mar 2026
Countries would decide Wednesday whether to release oil stocks in an attempt to tame crude prices.
US oil prices up nearly $3 as Middle East crisis constrains supply
07:26pm, Tuesday, 10'th Mar 2026
U.S. West Texas Intermediate crude oil prices rose by $2.90 per barrel, or 3.5%, to $86.33 in early trade on Wednesday as supplies from the Gulf remain constrained amid the U.S. and Israeli war on Ira
Gulf of Mexico oil and gas auction yields far fewer bids than first Trump sale
06:48pm, Tuesday, 10'th Mar 2026
The Trump administration's second sale of oil and gas leases in the Gulf of Mexico in three months attracted far less industry interest than the auction it held in December, according to a sale
Higher oil prices will not spur more US production, oilfield services company Patterson-UTI says
06:22pm, Tuesday, 10'th Mar 2026
A surge in energy prices caused by the U.S.-Israel war with Iran will not lead to additional U.S. oil output without the market predictability needed to ensure more drilling, Andy Hendricks, CEO
