(Oil Price) – Oil prices could soar to $150 per barrel or more if the Middle East war continues until the end of March, Kpler says, as the conflict escalates with Iran intensifying attacks on energy infrastructure in the region. “With this huge outage of supply it is just a matter of time where prices really catch up with the fundamentals
(World Oil) – UK Prime Minister Keir Starmer joined counterparts in Japan, Germany, France, Italy and the Netherlands in calling on Iran to stop attacks on energy sites and other civilian infrastructure and to end the shipping gridlock in the Strait of Hormuz. “We call on Iran to cease immediately its threats, laying of mines, drone and missile attacks and other attempts
(Investing) – Oil prices pared back some earlier gains, but remained higher, as escalating strikes on key Middle East energy infrastructure heightened fears over expanded crude supply disruptions. Brent oil futures, the global benchmark, spiked 3.5% to $111.13 a barrel by 10:18 ET (14:18 GMT). Earlier this morning, Brent futures climbed to roughly $119 a barrel, its highest level in over
(Oil & Gas 360) – Despite Uncertainty Up High, Maximum Effort To Achieve Peace And Prosperity Has Growth Happening, Needing Good Workers + Ingredients. The price of WTI crude oil jumping above $90 per barrel, with Epic Fury’s efforts to end decades of oil revenue funding terrorizing, death and destruction, has increased uncertainty. The quick jump in the current month, closing
(Oil Price) – Asian nations that are the most exposed to the fallout of the Hormuz crisis have sealed energy deals worth $56 billion with American companies, helping advance President Trump’s energy dominance agenda. Whether this is an actual pivot from the Middle East to the U.S. is yet to be seen. The news about the financial commitments was announced by Interior Secretary
(BOE Report) – A U.S. plan to help control global oil prices with a swap of millions of barrels of oil from the Strategic Petroleum Reserve depends on energy companies returning oil back to the facility with high premiums in the form of additional barrels, which some traders said could deter participation. The exchange is part of a wider agreement
(Investing) – Oil prices surged on Wednesday, with global benchmark Brent nearing $110 a barrel after an attack to the largest natural gas field in the world shared by Iran and Qatar. At 10:57 ET (14:57 GMT), Brent oil futures advanced 5.8% to $109.51 a barrel, while U.S. West Texas Intermediate crude futures climbed 2.7% to $98.09 a barrel. Qatar condemns attack on Iran’s
Weekly Crude Oil Storage as of March 13, 2026 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 6.2 million barrels from the previous week. At 449.3 million barrels, U.S. crude oil inventories are 1% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
(By Oil & Gas 360) – While global attention remains fixed on geopolitical tensions and U.S. foreign policy moves, China is steadily strengthening its position across energy and trade, often with far less visibility but growing impact. Recent economic data points to a more resilient Chinese economy than many had expected, even as global markets focus on conflict in the Middle
(Oil & Gas 360) By Greg Barnett, MBA – The global energy system depends on one supplier more than any other to balance markets, stabilize prices and step in when the world needs additional crude oil or natural gas. That supplier is the United States. Through scalability, operational integrity and the lowest emissions intensity among major producers, the U.S. has become
(Oil & Gas 360) By Greg Barnett, MBA Introduction Global refining has entered a new configuration. Once anchored in Europe and parts of Asia, the world’s refining center of gravity now rests firmly on the U.S. Gulf Coast. Scale, technology, logistics and feedstock flexibility have converged to make the United States the world’s most reliable source of gasoline, diesel and
(BOE Report) – Oil tankers are crossing the Strait of Hormuz and Iran’s actions to choke traffic through the shipping route have not hurt the U.S. economy, White House economic adviser Kevin Hassett told CNBC on Tuesday, reiterating the Trump administration’s position that the war should be over in weeks, not months. “Already you’re seeing tankers are starting to dribble
