Oil

Trump says US is taking partial control of Venezuela’s vast oil reserves

2026-08-29T01:13:03.000Z
UPDATED 12 hours ago
Persian Gulf oil exports are at around two-thirds of pre-war levels, say Goldman Sachs analysts.

Hormuz oil flows rise as Gulf producers boost volumes, keeping prices in check

2026-08-28T04:47:40.000Z
Iran has agreed to draw up a list of conditions to restore normal traffic in Hormuz after a Qatari emissary pressed the Iranians to respect freedom of navigation.

Shipping traffic via Strait of Hormuz slips below 10-day average, data shows

2026-08-28T04:20:58.000Z
A christening ceremony for two floating production storage and offloading project vessels was held before they sail for Brazil’s deepwater Buzios oil field. 

Seatrium, Petrobras eye potential natural gas collaboration to meet growing Asian demand

2026-08-27T09:13:08.000Z
Stocks of distillate fuel oil – a category of fuels that most prominently includes diesel – stood at 103.4 million barrels in the week ended Aug 21.

US diesel supplies hit record low as demand season looms

2026-08-26T22:50:34.000Z
The Hormuz strait handled one-fifth of global oil and liquefied natural gas shipments before the war began in February.

Iran and Oman discuss temporary Hormuz corridor as impasse with US drags on

2026-08-26T06:11:15.000Z
MSCI’s Asia Pacific equities gauge climbed, with Samsung Electronics and SK Hynix the biggest contributors.

Asian shares rise as oil’s decline lifts sentiment

2026-08-26T05:48:02.000Z
Iran said it had restarted talks with Oman to manage the strait as it faces heightened economic pressure from US President Trump.

Oil prices fall 2.6% on Iran-Oman talks to reopen Strait of Hormuz

2026-08-26T05:42:29.000Z
Kristalina Georgieva noted that countries needed to address “excess global imbalances” that were causing trade tensions. 

IMF chief Georgieva says global economy weathering energy shock

2026-08-26T01:56:26.000Z
The Islamic Republic plans to develop the resources “as soon as possible”, said Iran’s Oil Minister Mohsen Paknejad.

Iran announces gas discovery after war worsens energy squeeze

2026-08-23T22:34:58.000Z