Oil prices rise as Iran sets terms for Hormuz reopening
Oil prices moved higher on August 10 as markets assessed Iran’s conditions for reopening the Strait of Hormuz. Brent crude futures for…
Oil and Gas Market News, Page 2
The Guardian News Team sums up the week’s oil and gas market news, with short updates on oil prices, supply and the Permian Basin.
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Indian Oil raises spot crude buying to record share
Bloomberg reports that Indian Oil Corp. sourced as much as 84% of its crude through spot-market purchases during the April–June quarter, compared…
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Houthi attacks put Saudi oil routes in market focus
Yemen’s Iran-aligned Houthi movement said it launched ballistic missiles and drones at Saudi Aramco facilities in Yanbu and Jazan on July 25…
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U.S. crude supply reaches 45-year low relative to demand
Seeking Alpha reported on July 20, 2026, that U.S. crude oil supply measured against domestic demand had reached its lowest level in…
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Oil rises above $75 as U.S. reinstates Hormuz blockade
Oil prices moved higher during Monday trading after President Donald Trump announced that the United States would reinstate restrictions targeting Iranian ships…
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Hormuz shipping patterns keep oil market attention
Bloomberg reports that shipping activity through the Strait of Hormuz remained uneven on Sunday after several vessels changed course along the Omani…
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Hormuz shipping remains key for oil market outlook
CNBC reported that shipping through the Strait of Hormuz slowed over the weekend, citing maritime intelligence firm Windward, after Iran said the…
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Hormuz shipping activity keeps oil markets in focus
Shipping activity through the Strait of Hormuz slowed over the weekend after Iran said the key waterway was closed again, according to…
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Oil and gas supplies may take months to normalize
The Guardian reports that oil and gas markets responded positively after Donald Trump said a U.S.-Iran peace deal would allow the Strait…
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