The Oil Market Could Be Weeks From a Breaking Point
Three and a half months after the blocked Strait of Hormuz created the worst oil supply disruption in…
Canadian oil outages, bad weather to tighten inventories at key US storage hub
Wet weather and a power outage at a major oil sands producer have contributed to crude export supply…
Global Economy Is One Oil Price Spike Away From Trouble
Oil prices began this week with a jump following the latest flare-up of hostilities in the Middle East,…
US Crude Oil Inventories in Freefall: EIA
By Julianne Geiger – Jun 03, 2026, 9:40 AM CDT Crude oil inventories in the United States decreased…
Oil Could Stay Above $100 for Years, Analysts Warn
Oil prices opened trade this week with a decline on reports that a deal between the U.S. and…
StanChart Says Record SPR Withdrawals Are Tightening U.S. Oil Buffers
Back in March, the 32 member countries of the International Energy Agency (IEA) unanimously pledged a record-breaking release…
US Crude Oil, Gasoline Inventories Sinking Fast
By Julianne Geiger – May 20, 2026, 9:38 AM CDT Crude oil inventories in the United States decreased…
Higher Oil Prices Have Cost U.S. Consumers $45 Billion Since Iran War Began
As U.S. drivers face the highest Memorial Day gasoline prices in four years, American consumers are paying billions…
Oil Shortage Scenario Looms Large
The world is running out of oil. Implausible three months ago, the likelihood of a crude shortage on…
Beijing’s Silence Is Fueling the Hormuz Crisis
Even though the Xi–Trump summit in Beijing was supposed to project stability, the outcome was clearly the opposite.…
South Korea introduces relief payments amid oil crisis
South Korea has added relief payments to its sweep of measures to tackle the ongoing oil crisis as…
UAE Break With OPEC Puts African Crude Exports At Risk
A couple of days ago, the United Arab Emirates announced that it will formally leave OPEC on May…