Crude Oil Prices Archives

From Panic to Ruin to Revolution: How the 1970s Oil Shock, Iran’s Upheaval, and the 1980s Crash Still Govern American Energy Power

May 8, 2026

(Oil & Gas 360) By Greg Barnett, MBA – The modern American oil and gas system was not engineered in calm conditions. It was forged amid gasoline lines, collapsing banks, and geopolitical revolutions that redirected the flow of oil and power simultaneously. The 1973 oil embargo and the 1980s oil crash are usually treated as bookends of a turbulent era. They

UAE exit shakes OPEC’s grip on oil markets

April 29, 2026

(By Oil & Gas 360) – The United Arab Emirates stepping away from OPEC and the broader OPEC+ framework would mark one of the most consequential shifts in oil market governance in decades. For a group that has long relied on cohesion, quota discipline, and the political alignment of its core Gulf members, the loss of a major, technically capable

BP shares up 20% since Iran war, leading all supermajors

April 27, 2026

(Oil Price) – The Iran war and the loss of oil and gas supply from the Middle East have upended the stock performance of the biggest international majors. BP, the laggard of the past six years, has moved ahead of all others, while the top performer since 2020, ExxonMobil, has seen the worst stock showing among Big Oil since the war

360 Energy Pulse: What mattered this week in energy

March 20, 2026

(By Oil & Gas 360) – Energy markets stayed on edge this week as supply risks tied to Iran and the Strait of Hormuz continued to drive pricing, forecasts, and policy responses. Oil pulled back from recent highs but remained elevated, while disruptions to LNG and upstream operations reinforced how quickly geopolitical shocks can tighten global balances. The story isn’t

Crude reacts to rising tensions

February 20, 2026

(By Oil & Gas 360) – Crude prices are back in motion, with oil posting its first weekly gain of the month before slipping from recent highs as rising U.S.-Iran tensions injected fresh volatility into the market. Early gains reflected concern that escalating friction in the Middle East could threaten supply flows or key transit routes. Even without confirmed disruption,

Citi says geopolitics to support oil near term; peace deals seen lowering prices

February 17, 2026

(BOE Report) – Oil prices could remain supported in the near term as U.S. President Donald Trump ramps up pressure for peace deals involving Russia and Iran, but a resolution later this year may ultimately push crude lower, Citi said on Monday. Brent crude has rallied from around $60 per barrel to near $70 in the past month, partly reflecting

India’s reliance boosts Middle East crude purchases

October 21, 2025

(Oil Price)– Reliance Industries, the top private refiner in India, has accelerated crude oil purchases from the Middle East, traders told Bloomberg on Tuesday, as the fate of Russian barrels going to India remains unclear. Reliance, which typically buys crude from the Middle East, has been more active than usual in procuring oil from the Gulf region in recent weeks. The refiner

Oil prices fall 1% after US crude build and ahead of Trump-Putin talks

August 13, 2025

(Investing.com)– Oil prices fell over 1% on Wednesday after a U.S. crude supply unexpectedly rose, but losses were limited after the U.S. Treasury Secretary said President Donald Trump could leverage sanctions at a meeting with Russian President Vladimir Putin. Brent crude futures dropped 80 cents, or 1.2%, to $65.32 a barrel by 10:46 a.m. EDT, while U.S. West Texas Intermediate crude

Goldman keeps Brent oil forecast, but flags downside risks to demand

August 4, 2025

(BOE Report)– Goldman Sachs on Sunday reiterated its oil price forecast with Brent averaging $64 per barrel in the fourth quarter of 2025 and $56 in 2026, but expects an increasing range of risks to its baseline estimates from recent developments. “Increasing pressure on Russia and Iran sanctioned oil supply poses an upside risk to our price forecast, especially given

Trump hints at sanctions for Russian crude, oil prices go up

July 14, 2025

(World Oil)– West Texas Intermediate advanced almost 3% to settle above $68 a barrel after President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin. One sanctions bill, which at least 85 senators have endorsed, would levy 500% tariffs on China and India if they make any purchases

U.S. oil producers rushed to hedge… just in time

June 24, 2025

(Oil Price) – U.S. oil producers flocked to hedge higher prices for their output for the rest of the year and early into 2026 as international crude oil prices surged earlier this month. Early on June 13 local time, Israel attacked Iranian nuclear facilities and military leadership in coordinated strikes that sent oil prices surging amid concerns that an escalating conflict could disrupt

Oil rises for fifth day on supply concerns after Venezuela tariffs

March 25, 2025

(Investing) – LONDON – Oil prices rose on Tuesday for a fifth day on expectations that global supply may tighten after the U.S. announced tariffs on countries that buy Venezuelan crude, although OPEC+ plans to go ahead with an output hike in May limited gains. Brent crude futures were up 46 cents, or 0.6%, at $73.46 a barrel by 1023 GMT.

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