- — ASIA CRUDE MOC PERFORMANCE: 3.5 million barrels change hands for October loading
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at 11/6/26 3:00pmParticipants in the Platts Asia crude Market on Close assessment process have completed the physical performance of 3.5 million barrels of Oman crude for October loading, according to trade performance data compiled by Platts, part of SP Global Energy. Middle East crude cargoes trade on a two-month forward cycle, meaning that product loading in October ...- — Renewed U.S.-Iran tension could push oil past $100: Rapidan Energy
- at 11/6/26 3:00pmThe U.S. is likely to resume military action against Iran in the coming days, a move that could send oil prices sharply higher, according to Bob McNally, CEO of geopolitical and energy analysis firm Rapidan Energy Group. Speaking to CNBC’s “Squawk Box Asia,” McNally put the odds of “a resumption of military fighting” at 80% ...
- — Oil on pace for sharp weekly drop amid post-midterms hopes for Iran war detente
- at 11/6/26 4:00amOil prices were on pace for sharp weekly declines on Friday, as investors assessed the implications of Democrats’ midterm election victory on hopes for de-escalation to the U.S.-Israel war with Iran. In choppy trading, Brent crude futures contract the global benchmark was last down by 1.3% at $97.06 a barrel, while U.S. West ...
- — Citi sees European gas prices rising in 2027 as Middle East risks spur price gains
- at 11/6/26 4:00amEuropean natural gas prices could remain vulnerable to sharp increases in 2027 as markets weigh the risk of renewed conflict in the Middle East and potential damage to liquefied natural gas infrastructure, Citi analysts said. The bank estimates that benchmark winter 2026-27 prices could reach €85 per megawatt-hour if the conflict escalates but liquefaction facilities ...
- — US fuel supply rises in October
- at 11/6/26 4:00amThe US supplied 8% more fuel oil per day on average in October compared to September, according to the Energy Information Administration (EIA). Changes in monthly US residual fuel oil from September to October: Production up 5,000 b/d to 351,000 b/d Supply up 24,000 b/d to 315,000 b/d Imports up 42,000 b/d to 192,000 b/d ...
- — Renewable refinery capacity to triple by 2030 as alternative fuels demand grows, says GlobalData
- at 11/6/26 4:00amAlternative fuels are becoming central to the transition toward clean energy as governments, companies, and end users seek lower-carbon alternatives to petroleum fuels. Supported by their growing prominence in the energy transition, global renewable refinery production capacity is forecast to increase from 11,716.0 million gallons per year (mmgy) in 2025 to 35,358.9 mmgy by 2030, ...
- — Natural gas storage levels decline, signaling rising demand
- at 11/6/26 4:00amThe latest data from the Energy Information Administration (EIA) reveals a notable shift in U.S. natural gas storage levels, with implications for both the energy market and the Canadian dollar. The EIA’s recent report indicates that natural gas in underground storage increased by 77 billion cubic feet over the past week. This actual increase of ...
- — What could come next for the US oil market following the Democratic Party sweep?
- at 11/5/26 3:00pmOil futures fell sharply on Nov. 4 after Democratic victories in the Nov. 3 US midterm elections were seen as lowering the risk of US-Iran escalation. At 1747 GMT, NYMEX December WTI was down $8.39/b at $87.70/b, and ICE January Brent was down $9.58/b at $94.02/b. NYMEX December RBOB fell 20.59 cents/gal to $2.7296/gal and ...
- — Has the global oil market returned to surplus? JPMorgan thinks so
- at 11/5/26 3:00pmThe global oil market has returned to a surplus after months of supply disruptions linked to the U.S.-Israeli war with Iran, with recovering Middle Eastern exports and rising production in Latin America bringing more crude back into circulation, JPMorgan said. The bank estimates that the market recorded a surplus of 1.1 million barrels per day ...
- — Democratic wins cloud US energy permitting reforms, kick off oversight push
- at 11/5/26 3:00pmSweeping Democratic victories in the 2026 midterm elections could complicate efforts to pass a bipartisan Senate permitting reform package before the current US Congress adjourns, federal policy experts said Nov. 4. Democrats surpassed midterm expectations by winning at least 54 Senate seats, flipping at least seven seats previously held by Republicans. The party is also ...
- — O Bunkering to buy marine fuel directly from OQ Refineries
- at 11/5/26 3:00pmThe agreement is in force and covers 48,000 cbm of supply a year across all Omani ports. Omani bunker supplier O Bunkering signed the agreement with Omani refiner OQ Refineries and Petroleum Industries (OQRPI) on 4 November. The annual volume equals 48 million litres, and it covers LSMGO, O Bunkering’s sales specialist Manal Al Mamari ...
- — European gas slips further as 20% weekly Oil crash overwhelms fresh Hormuz threats
- at 11/5/26 3:00pmEuropean wholesale fell on Thursday, extending an aggressive three-day retreat as a historic collapse across global crude benchmarks dismantled the broader energy complex’s risk premium, overshadowing reports of fresh tanker incidents in the Strait of Hormuz. The benchmark front-month contract dropped another 1.6% to 86.60 euros per megawatt-hour (MWh). The decline cemented a steep multi-session ...
- — The Commodities Feed: Oil plunges following US midterm elections
- at 11/5/26 4:00amEnergy – Middle East optimism grows following US election Oil markets sold off aggressively yesterday, with ICE Brent settling 8.7% lower on the day and below $95/bbl. Selling pressure has only continued in early morning trading today. The outcome of the US midterm elections, with the Democrats winning both the House and Senate has increased ...
- — Saudi Aramco studying expansion of East-West pipeline capacity
- at 11/5/26 4:00amSaudi Aramco is studying an expansion of East-West pipeline capacity to maintain export flexibility amid the Middle East conflict. In its third quarter 2026 results presentation, the oil company said it is undertaking preliminary engineering for the East-West pipeline capacity expansion, assessing alternative routes via the master gas system and increasing throughput through existing routes ...
- — UK Natural Gas Prices Extend Decline
- at 11/5/26 4:00amUK natural gas prices dropped to 211 pence per therm on Thursday, extending their losses to more than 18% so far this week and hovering at their lowest level in over two weeks. The decline reflects growing optimism over diplomatic efforts to resolve the US-Iran war, with Qatar continuing to mediate between the two sides. ...
- — Seadrill Announces Third Quarter 2026 Results
- at 11/4/26 3:00pmSeadrill Limited announced its third quarter 2026 results. Highlights • Secured contract awards and extensions in Indonesia, Malaysia, Angola, and the U.S. Gulf, adding approximately $800 million of Total Contract Value(1) subsequent to the August fleet status report. • Generated $195 million of Net cash provided by operating activities, $179 million of Free Cash Flow(2), ...
- — Crude Oil Inventories Decline Less Than Expected, Impacting Prices
- at 11/4/26 3:00pmThe Energy Information Administration (EIA) has released its latest data on crude oil inventories, revealing a decline that was less pronounced than anticipated. The report shows that crude oil inventories decreased by 0.865 million barrels. This figure is notably lower than the forecasted decline of 1.700 million barrels, suggesting a less robust demand for crude ...
- — Speculators increase net-long positions in Brent
- at 11/4/26 3:00pmMoney managers and hedge funds have hiked their net-long bets on ICE Brent futures in the week to 27 October. Speculators bought over 3,500 lots as of 27 October, increasing net-long positions in Brent futures, to more than 245,000 lots. The latest net-long Brent positions mark the second consecutive week of gains. Gross-long positions in ...
- — India seeks higher foreign direct investment in oil and gas with policy reforms
- at 11/4/26 3:00pmIndia is seeking deeper collaboration with international energy companies and aims to attract greater foreign direct investment across its oil and gas sector as it advances policy reforms to make the industry more investor-friendly, Petroleum Secretary Neeraj Mittal said Nov. 3. Speaking at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Mittal said India ...
- — Oil inches higher as markets weigh U.S. election outcome, Iran war risks
- at 11/4/26 4:00amOil prices edged higher on Wednesday as investors assessed the implications of the U.S. midterm elections for the conflict in the Middle East, with Democrats capturing control of both chambers of Congress from President Donald Trump’s Republicans. As of 01:57 ET (06:57 GMT), Brent Oil Futures expiring in January rose 0.6% to $104.20 per barrel, ...
- — Low storage buffers in Europe could prolong global gas market tightness well into 2027
- at 11/4/26 4:00amEurope is entering the winter heating season with its lowest natural gas storage levels in more than a decade, potentially extending tight conditions in global gas markets well into 2027, according to a new IEA report. The Global Gas Security Review 2026, out today, examines how a decade of structural changes are reshaping global gas ...
As of 11/8/26 1:50am. Last new 11/6/26 8:00am.
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