US Eases Russian Oil Sanctions Amid Iran Conflict
The US eased Russian oil sanctions to counter Iran-related price surges and dropped fraud charges against a billionaire.
19 May 2026
Saudi Aramco Boosts Profits by 25% Amid Oil Reroutes
Saudi Arabia's national oil company, Aramco, reported a 25% increase in first-quarter profits, attributed to increased exports via an alternative pipeline.
10 May 2026
Global crude stockpiles fell by nearly 200mn barrels in April amid Middle East supply disruptions
Global crude oil reserves hit record lows in April amid Middle East conflict and supply strains, despite reduced demand.
06 May 2026
Oil Surges as Strait of Hormuz Tensions Mount
Crude oil futures jumped, with WTI up 5.23% to $99.35, as a fragile cease-fire and Strait of Hormuz risks lifted supply fears.
09 Apr 2026
Goldman Sachs: Oil Price Upside Risks to 2027
Goldman Sachs forecasts potential oil price increases through 2027, citing persistent supply shocks and geopolitical risks.
20 Mar 2026
IEA Strategic Reserve Release Fails to Stabilize Oil Prices
IEA's record 400 million barrel oil release failed to stabilize prices, which rose 10% to $100/barrel.
13 Mar 2026
