Energy Market News

Latest news and analysis on oil, gas, and commodity markets

Iraq halts foreign oil output as drones hit Kuwait refineries

Iraq declared force majeure on all foreign-operated oilfields as Hormuz disruptions choked exports. Hours later, Iranian drones struck two Kuwait refineries.

Mar 19analysis

Could oil hit $200? Wall Street no longer rules it out

Wood Mackenzie sees $200 Brent as plausible. Goldman Sachs, UBS, and Barclays have all hiked forecasts. With the Strait of Hormuz still choked, the ceiling keeps rising.

Mar 19gas

Iran missiles hit Qatar's Ras Laffan, the world's largest LNG hub

Iranian missiles struck Qatar's Ras Laffan complex twice in 12 hours, knocking out 17% of the country's LNG export capacity and sending European gas prices up 35%.

Mar 16market

WTI crude slides below $95 as traders bet Iran war is winding down

WTI crude fell 3.6% to $95.10 a barrel on Monday as de-escalation hopes, record reserve releases, and Saudi output gains chipped away at the war premium.

Mar 15oil

Pentagon weighs Operation Epic Escort as tanker standoff drags on

The US Navy is drawing up plans to convoy oil tankers through the Strait of Hormuz, but military officials say the fleet won't be ready for weeks.

Mar 13market

Tanker rates hit record highs as insurers flee the Persian Gulf

VLCC day rates surged past $423,000 and five major P&I clubs pulled war risk cover, leaving hundreds of ships stranded outside the Strait of Hormuz.

Mar 12market

IEA releases record 400 million barrels but oil prices refuse to budge

The largest emergency oil release in IEA history drew a collective shrug from markets, with Brent climbing back above $100 hours after the announcement.

Mar 12opec

Saudi Arabia quietly boosted oil output weeks before the Iran strikes began

OPEC data shows Saudi production jumped to 10.88 million barrels a day in February, an 8% surge that started before the first missiles flew on February 28.

Mar 11oil

Iran keeps pumping oil to China through the strait it closed to everyone else

Iran has shipped at least 11.7 million barrels of crude to China through the Strait of Hormuz since the war began, even as the blockade chokes off Gulf exports for everyone else.

Mar 11market

Energy stocks surge 24% in 2026 as Wall Street rediscovers oil

The S&P 500 energy sector has jumped more than 24% year to date, dwarfing the broader market while oil majors hit all-time highs on geopolitical risk and a rotation out of tech.

Mar 10market

Oil plunges 12% as Trump signals end to Iran war and G7 readies reserves

WTI crude fell below $78 a barrel Tuesday, erasing nearly all of last week's war-driven gains, after Trump said the conflict would end very soon.