US crude futures fall over 2% as Trump says he holds off scheduled attack on Iran

U.S. crude futures fell more than ​2% in early ‌Asian trade on Tuesday after U.S. President Donald ​Trump said he ​had paused a planned ⁠attack on Iran ​to allow for negotiations ​to end the war in the Middle East.

Reuters • 2 hours ago

‘This is bad': Strategists see European oil shortages within weeks as inventories are depleted

Oil markets are operating under a "veneer of stability", strategists say, but physical shortages could strike Europe by the end of this month. Even a swift reopening of the Strait of Hormuz would still mean delays and stress as complex supply chains unlock.

CNBC • 12 hours ago

Evercore's Roger Altman: We may be approaching a tipping point in oil

Roger Altman, Evercore founder and senior chairman, joins 'Squawk Box' to discuss the latest market trends, state of global oil markets, impact of rising oil prices, state of the economy, his thoughts on incoming Fed Chair Kevin Warsh, and more.

CNBC Television • 10 hours ago

The push to open up Alaskan crude

CNBC's Morgan Brennan reports on what Alaska's oil production means for the future of American energy security.

CNBC Television • 10 hours ago

We've lost about 1.2 billion barrels of oil so far from Hormuz closure: S&P Global's Dan Yergin

Dan Yergin, S&P Global vice chairman, joins 'Squawk Box' to discuss the state of global oil markets, impact of the Strait of Hormuz closure on oil prices, oil price outlook, and more.

CNBC Television • 11 hours ago

Record oil draw from US emergency reserve drives total volumes to two-year low

A record 9.9 million barrels of oil were shipped out ​from the U.S. Strategic Petroleum Reserve last week, data from ‌the Department of Energy showed on Monday, pushing the total volumes in the U.S. government's emergency stash to about 374 ​million barrels, its lowest since July 2024.

Reuters • 2 hours ago

China's April oil throughput hits lowest since August 2022, inventories rise

China's April crude oil throughput fell to the lowest since ‌August 2022, official data showed on Monday, as the Iran war curbed refinery runs in the world's second-largest oil consumer.

Reuters • 20 hours ago

IEA chief Birol: commercial oil inventories depleting rapidly, only weeks left

Fatih Birol, head of ​the International Energy Agency, ‌said on Monday that commercial oil ​inventories were depleting ​rapidly amid the Iran ⁠war and the ​closure of the ​Strait of Hormuz, and that those inventories only had ​a few ​weeks left.

Reuters • 14 hours ago

Oil prices rise and bonds wobble as Iran war stokes inflation fears

Trump warning over peace talks drives up crude price as UK gilts hit by uncertainty over Starmer leadership

The Guardian • 15 hours ago

Why Oil Hasn't Hit $150—Yet

I think most energy analysts would have been shocked to learn that roughly three months into a total closure of the Strait of Hormuz, oil would be trading at just over $100 a barrel. I certainly expected prices to be significantly higher by now.

Forbes • 10 hours ago