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Crude oil
136 TokenPost stories are tagged Crude oil. The newest appear first.
Latest Crude oil stories
- Two Tankers Hit Off Saudi Arabia as Brent Tops $110 Friday
Two tankers were struck northeast of Jubail; the second vessel’s crew was evacuated, with all members reported safe.
· Investing
- Crescent Energy Gains About 10%; Oil Futures Rise on Supply Concerns
Brent reached $110 intraday for the first time since May, while U.S. crude settled above $100 a barrel.
· Investing
- CENTCOM Says U.S. Blocked at Least $25 Billion in Iranian Crude
Adm. Brad Cooper also cited nearly $350 million in crypto freezes, while tracking documented limited LPG and jet-fuel shipments in recent months.
· Regulation
- Onshore Oil Stocks Hit Their Lowest Level Since at Least 2016
Onshore inventories fell 113 million barrels in September as oil at sea rose by 103 million barrels. Observed global stocks declined by 10 million barrels overall.
· Investing
- High Tanker Costs Slow Heavy Crude Exports as U.S. Refiners Near Capacity
Shipping crude from the Americas to Asia cost more than $80 million in the week before Oct. 12, while September diesel exports fell 700,000 barrels per day year over year.
· Investing
- Gold Falls 0.36% to $4,156 as Oil Prices Edge Lower in Market Snapshot
Silver and three European stock indexes gained, while the dollar rose against the offshore yuan and yen.
· Investing
- U.S.-to-China Crude Freight Rises About $31 a Barrel as Costs Near $40
An estimated $80 million in freight for a 2-million-barrel November cargo works out to about $40 per barrel. Monthly route assessments rose from $79.21 to $156.19 per metric ton from August to September.
· Investing
- Oil Futures Fall as U.S. Weighs Letting Sanctioned Tankers Carry Permitted Oil
The proposal would cover cargoes allowed under U.S. sanctions, but companies would need Treasury approval to use the vessels.
· Regulation
- OPEC Raises 2027 Oil-Demand Growth Forecast to 2.6 Million Bpd
Global consumption is expected to average 108.3 million barrels per day next year as inventories rebuild after large drawdowns tied to the conflict involving Iran.
· Investing
- Japan-Linked Tankers Avoid Hormuz in Middle East Crude Transfers
Ship-to-ship activity in the Gulf of Oman is rising as Japan-linked vessels collect crude without entering the Persian Gulf.
· Investing
- Black Sea Tanker War-Risk Insurance Reaches $2.5 Million, Simeonov Says
Higher war-risk coverage costs could raise delivered crude costs and pressure Bulgarian fuel prices, while Bulgaria has supplies contracted through the beginning of December.
· Business
- U.S. Futures Hold Near Flat as Oil Rebounds Amid Truce Uncertainty
S&P 500 futures rose 0.1% while Brent crude traded at $104.918 as markets assessed the proposed Russia-Ukraine energy truce.
· Investing
- Pakistan Urges Refineries to Explore Libyan Crude Imports
The proposal would broaden Pakistan’s crude supply options amid risks to maritime routes including the Strait of Hormuz and Bab al-Mandeb.
· Business
- U.S. Gulf-to-China Supertanker Rates Slip From Record High
The TD22 rate fell to $634,974 per day on Oct. 9 after reaching $637,675 the previous day, while Hormuz disruptions continue to constrain tanker capacity.
· Investing
- Permian Oil Executives Cite Organized Theft as Most Common Form
Nearly half of companies focused primarily on the Permian Basin reported oil-field theft, while 84% of affected executives said the financial impact was low.
· Business
- About 63% of Regional Crude Output Is Shut In as Isaias Nears
The Category 2 storm could intensify before reaching the U.S. Gulf Coast late Friday or early Saturday, putting about 500,000 barrels per day of refining capacity at risk.
· Investing
- Freight Shock Closes U.S.-Asia Arbitrage for Gulf Crude
November freight for a 2-million-barrel U.S. Gulf-to-China cargo reached $80 million as Asian refiners considered Middle Eastern and South American alternatives.
· Investing
- Reliance Drives India’s Venezuelan Crude Imports Higher
October arrivals could reach roughly 460,000–465,000 barrels per day as discounted Merey crude gains favor over costlier Russian Urals.
· Business
- WTI Crude Oil Rises 3.4% to $94.03 a Barrel Thursday
Brent crude gained 3.26% to $107.86 a barrel as oil prices moved sharply higher during U.S. morning trading.
· Investing
- Tanker Crews Switch Off Lights as Hormuz Voyages Face Attack Risk
Vessels are following U.S. Navy-provided routes, limiting communications and preparing for emergencies as attacks threaten Gulf energy shipments.
· Investing
- Iran War Widens Gaps Between Oil Futures and Physical Crude Prices
Infrastructure attacks, shipping disruptions and uncertainty around Strait of Hormuz flows are distorting signals across crude, gasoline and diesel markets.
· Investing
- India Inflation Forecast Rises to 5.4% in September as Oil Costs Climb
The estimate would mark the fourth straight month above the Reserve Bank of India’s 4% target, while remaining below its 6% upper tolerance limit.
· Regulation
- WTI Crude Oil Rises 3% to $90.99 a Barrel on Thursday
West Texas Intermediate was trading above $90 a barrel at $90.99 on Oct. 8.
· Investing
- Hormuz Crude Flows Fall 27% as Tanker Attacks Reach Wartime High
Seven commodity vessels crossed the strait Tuesday, the lowest daily count since July 23, as tanker attacks and harassment intensified.
· Investing
- WTI Crude Oil Reaches $90 a Barrel After 1.89% Daily Gain
The benchmark touched the $90-per-barrel threshold during Thursday’s session.
· Investing
- Crude Oil Futures Settle Lower as IEA Speeds Stock Release
The four-month plan covers 100 million barrels and calls for a substantial diesel release within the first 20 days.
· Investing
- Iraq Seeks Syrian Route to Mediterranean Ports for Crude Exports
The proposed overland corridor would move crude through western Iraq and Syria, while Baghdad also considers routes through Turkey and Jordan.
· Business
- Supertanker Charter From Gulf Coast to China Hits $76 Million
The rate is roughly 10 times the pre-war level as limited tanker availability drives a wider energy-shipping shock.
· Investing
- WTI Trades Near $89.50 as U.S. Crude Inventories Fall 3.186M Barrels
The nationwide crude draw reached about 3.97 million barrels when the Strategic Petroleum Reserve was included, while gasoline inventories increased.
· Investing
- Kalshi Seeks CFTC Approval for WTI Crude Oil Perpetual Futures
The proposed contract would trade 24 hours a day, five days a week, and become the first regulated U.S. crude oil perpetual futures product if approved.
· Regulation
- Gulf Oil Exports Recover Near Prewar Levels, but Hormuz Carries 60%
Gulf crude and condensate exports excluding Iran reached roughly 16.5 million barrels per day in September, while bypass routes and ship-to-ship transfers kept logistics complex.
· Investing
- Gold Slides 1.8% to $4,091.50 as European Markets Decline
Silver fell 2.55% to $59.704 an ounce as major European indexes also moved lower early Wednesday.
· Investing
- G7 Sets 100 Million-Barrel Release as Europe Limits Extra Draws
The four-month plan calls for diesel supplies to be released within the first 20 days, while European governments favor completing March commitments instead of adding new withdrawals.
· Investing
- Iran Oil Tankers Cluster Off Coast as Estimate Shows No September Crude Loadings
At least 50 tankers carrying Iranian oil were operating along the coastline on Oct. 5. The preliminary estimate measures new crude loaded onto vessels, not all oil deliveries.
· Investing
- U.S. Refinery Capacity Fell 263,000 Barrels per Day in 2025
Closures in Houston and Los Angeles removed about 402,000 barrels per day of capacity, partly offset by additions at other refineries.
· Business
- CME Shelves Plan for 24/7 WTI Crude Futures Contract
The proposed contract was one-tenth the size of CME’s Micro WTI futures. Concerns included weekend liquidity, commercial hedging and after-hours margin calls.
· Regulation
- Iranian Oil Loadings Fall as China’s Crude Imports Rebound
Iranian crude loadings fell to an estimated 220,000 to 255,000 barrels per day in August. China’s imports rose to 7.84 million barrels per day in September.
· Investing
- WTI Oil Falls More Than 1% as Price Trades at $88.55
WTI traded at $88.55 a barrel at 11:55 p.m. ET Sept. 30, while New York gold futures moved above $4,200 an ounce.
· Investing
- U.S. Fuel Stocks Fall as Midwest Gasoline Reaches Seasonal Record Low
Gasoline and distillate inventories declined while commercial crude stocks rose by 922,000 barrels for the week ended Sept. 25.
· Investing
- Gulf Crude Exports Return to Prewar Levels as Fuel Flows Lag
Crude shipments from Gulf producers excluding Iran reached 16.5 million barrels per day in September, while refined-product flows through Hormuz remained far below prewar levels.
· Investing