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$122.98
-1.13 (-0.91%)
At Close: Aug 04, 2026
OPEC chief dismisses IEA supply glut forecast as 'critical' Strait of Hormuz reopens
11:14am, Thursday, 18'th Jun 2026
OPEC chief Haitham al-Ghais sat down for an exclusive interview with CNBC on Wednesday. He dismissed the IEA's claim of a supply glut brewing in oil markets for 2027.
Oil flows through Hormuz will take time to recover, banks say
10:42am, Thursday, 18'th Jun 2026
A recovery in oil flows through the Strait of Hormuz and oil production following the U.S.-Iran interim peace deal will take time, potentially several months, analysts at two banks said.
OPEC Sees Oil Demand Growing With No Peak In Sight
09:33am, Thursday, 18'th Jun 2026
The cartel forecast demand to grow by 19 million barrels a day to around 124 million barrels a day in 2050, driven by road transportation, aviation and petrochemicals.
OPEC sticks to robust oil demand outlook, sees no peak to 2050
08:02am, Thursday, 18'th Jun 2026
OPEC maintained its forecast for robust global oil demand growth in the next four years on Thursday and nudged up its longer-term view, citing a worldwide shift towards more supportive policies
Why the oil may start flowing through the Strait of Hormuz faster than many believe
07:40am, Thursday, 18'th Jun 2026
My direct conversations with industry executives and experts based both here and in the Middle East indicate ships will start steaming through the Strait very soon. The "Ghalibaf factor" may hold the
First Saudi Supertankers Begin Hormuz Crossing
06:04am, Thursday, 18'th Jun 2026
Some oil and gas vessels have begun to cross the Strait of Hormuz, including ships owned by Saudi Arabia's state tanker giant. The movement of Saudi ships through the waterway marks the first large
Saudi Aramco Weighs Expanding Storage Capacity After Iran War
05:58am, Thursday, 18'th Jun 2026
Aramco is considering expanding its global oil-storage network after the Iran war exposed the importance of strategic reserves in keeping crude flowing to customers.
Natural Gas and Oil Forecast: WTI Under $75 While Brent Tests $77 — NatGas Holds Channel?
05:00am, Thursday, 18'th Jun 2026
One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI slides to $74.02 after triangle violation, Brent defends $77.74 support, and Natural Gas trades at $3.
Oil Prices Fall After Trump Signs Iran Peace Deal, Strait of Hormuz to Open
04:24am, Thursday, 18'th Jun 2026
Brent crude and WTI were dropping after the signing of the U.S.-Iran peace deal, with markets focusing on the prospect for a swift reopening of the Strait of Hormuz.
Hormuz reopening to release wave of oil supply, depress prices
04:20am, Thursday, 18'th Jun 2026
Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens on Friday following the U.S.-Iran interim deal, releasing millions of barrels of oil stranded in t
IMF chief expects oil prices to ease, not plummet, after US-Iran deal
04:08am, Thursday, 18'th Jun 2026
Oil prices are likely to ease, not plummet, as the U.S.-Iran interim peace deal lets shipments through the Strait of Hormuz resume and at the same time countries replenish reserves,
Oil Prices Fall Amid Prospects of Fast Reopening of Strait of Hormuz
01:53am, Thursday, 18'th Jun 2026
Oil prices retreated in Asia on Thursday afternoon as traders bet on a swift reopening of the Strait of Hormuz, the critical waterway through which roughly one-fifth of global oil shipments are typica
Oil slips again as US, Iran sign peace deal
08:56pm, Wednesday, 17'th Jun 2026
Oil prices fell in early trading on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran's oil
Oil Falls on Prospects of Fast Reopening of Strait of Hormuz
07:54pm, Wednesday, 17'th Jun 2026
Oil fell in early Asian trade on prospects of a fast reopening of the Strait of Hormuz.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back From Session Highs
03:13pm, Wednesday, 17'th Jun 2026
Oil markets made an attempt to rebound but lost momentum and pulled back.
