Oil Supply to Rebound Strongly After Gulf Shock But Recovery Will Take Months, IEA Says

The Gulf oil supply shock is set to drag global oil demand sharply lower before flows through Hormuz gradually normalize, with supply expected to rebound to 8 million barrels a day in 2027.

WSJ • 8 hours ago

Middle East crude slips into discounts as U.S.-Iran deal lifts supply outlook

The Middle East crude market weakened sharply this week, slipping into discounts, Reuters data showed, after the United States and Iran agreed a ​framework deal to reopen the crucial Strait of Hormuz, brightening the global supply outlook.

Reuters • 9 hours ago

Iranian oil tankers pass US blockade after US-Iran deal, data shows

At least three tankers carrying Iranian oil ‌have sailed through the U.S. naval blockade this week, with a fourth, an empty vessel, heading towards the Gulf of Oman, after the U.S. and Iran agreed a framework ​deal to reopen the strategic Strait of Hormuz, shipping data showed.

Reuters • 8 hours ago

UAE's post‑OPEC expansion push to lift oil output above 5 million bpd next year, IEA says

The United Arab Emirates' oil output ​could exceed 5 million bpd next year as it moves to expand ‌production after its exit from OPEC, making it a major driver of non‑OPEC+ supply growth, the International Energy Agency said on Wednesday,

Reuters • 4 hours ago

An oil bull's ‘insane' bet: Why this veteran trader is buying energy stocks as prices tumble

Former institutional trader Kevin Muir pushes against the market tide with a call to buy oil now.

Market Watch • 5 hours ago

Natural Gas and Oil Forecast: WTI Under $76 While Brent Tests $78 — NatGas Bullish Continuation?

With geopolitical risk premium largely removed, oil benchmarks faced renewed selling pressure while natural gas showed resilience. WTI confirms bearish breakdown targeting $68.50, Brent tests channel floor at $78.60, and NatGas holds $3.170.

FXEmpire • 10 hours ago

Crude Oil Price Analysis – Crude Oil Trying to Bounce on Wednesday

Crude oil looks like it might be ready to do a little bit of a bounce on Wednesday, as we are oversold to say the least. At this point, it will be about the headlines coming out of the Middle East.

FXEmpire • 2 hours ago

Oil Prices Fall as US-Iran Deal Set to Add Wave of Supply

Oil headed for the longest losing run in 10 months on expectations that a US-Iran deal to reopen the Strait of Hormuz will unleash a wave of supply. Bloomberg's Stephen Stapczynski reports.

Bloomberg Markets and Finance • 10 hours ago

Goldman Sets Out Its Case for Slashing the Oil Price Forecast

Brent crude and WTI prices were slipping again in anticipation of a U.S.-Iran peace deal. Goldman Sachs is cutting expectations for oil for the rest of the year.

Barrons • 6 hours ago

US crude stocks fall for ninth straight week, sources say

U.S. crude ​oil inventories fell ‌for a ninth straight week last week, ​according to ​market sources citing American ⁠Petroleum Institute data ​released on Tuesday, ​while gasoline stocks rose.

Reuters • 19 hours ago