US quietly allows waiver on Russian oil to expire

The U.S. Treasury on ‌Wednesday did not publish an extension of its waiver of sanctions on Russian seaborne oil that ran out at midnight, but President Donald Trump and administration officials did not say whether that meant the measures would be re-imposed.

Reuters • an hour ago

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 • 10 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

US crude stocks fall to its lowest since March 1985, EIA says

Overall US ​crude inventories fell ‌last week to 758.5 ​million barrels, ​its lowest since ⁠March 1985, ​the Energy ​Information Administration said on Wednesday.

Reuters • an hour ago

US crude inventories decline for tenth week to over 20-year low, EIA says

U.S. crude oil inventories fell for a 10th straight week last week as demand surged, pushing total stockpiles to their lowest ​level since 1985 as the Iran war continues to upend global energy markets, the U.S. ‌Energy Information Administration said on Wednesday.

Reuters • 34 minutes 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 • 11 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 • 3 hours ago