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Latest Oil Market News and Analysis for Sept. 11

Oil extended its powerful rally above $100 a barrel following an escalation of hostilities in the Middle East that has s...

Higher Oil Prices Let Mexico Pull Back Billions in Pemex Support

Mexico’s government is slashing financial assistance for the state energy major by as much as 70% despite Pemex’s contin...

Russian-owned Irish refinery held private talks with government over war and sanctions risks, Irish Times reports

The refinery in Foynes, County Limerick, is owned by Russian aluminum producer Rusal and employs several hundred people.

Data farmers taking advantage of Russia's fuel crisis - GFCN

Live: ASX set to fall as oil passes $US109 and bond yields surge

Australian shares are set to open lower after oil prices and Treasury yield surged weighing on Wall Street. Follow the d...

OPEC Sees Oil Demand Growth Explode Sixfold in 2027

OPEC now expects global oil demand growth to jump from just 380,000 barrels per day this year to 2.36 million bpd in 202...

OPEC Sees Oil Demand Growth Explode Sixfold in 2027

OPEC now expects global oil demand growth to jump from just 380,000 barrels per day this year to 2.36 million bpd in 202...

US Interior Sec. Burgum on Trump Dividend, Gas Prices and Data Centers

US Interior Secretary Doug Burgum says Congress should approve President Donald Trump's $5,000 payment for Americans. Bu...

Brent crude on ICE rallies above $109 per barrel for first time since May 21

By 9:02 p.m. GMT, price gains slowed to $108.81

Gaza hospitals ration power as fuel shortages deepen

Fuel and engine oil shortages are forcing Gaza’s hospitals to ration electricity

Why Saudi Arabia and the Houthis in Yemen are heading toward war

The Iranian-backed Houthis in Yemen are stepping up attacks against their enemies at home and abroad.

Houthis eye 'full control' of Bab el-Mandeb, as Saudi-backed forces reel from offensive

Houthis eye 'full control' of Bab el-Mandeb, as Saudi-backed forces reel from offensive Yemen's Houthi fighters' rapid a...

How China Became the World's First Electrostate

More Top Reads From Oilprice.com Diesel Crunch Set to Worsen as Refining Capacity Falls Short, Industry Warns Russia Str...

Why the Pentagon picked an Indiana Navy base to host a nuclear microreactor

The program is driving hard to meet President Trump’s 2028 deadline, officials said, but they have yet to release a form...

The Bab el-Mandeb Problem

Houthi control of a Red Sea port brings Tehran closer to claiming another critical waterway.

It’s not just Hormuz. Another war is providing fresh price shocks to fuel and food.

The Middle East conflict overshadows outages in Russia and a ‘massive impact’ on diesel supplies

Mexican Government Slashes Pemex Aid by 70%

Bloomberg's Alex Vasquez joins Scarlet Fu on "Bloomberg Deals." Mexicos President Claudia Sheinbaum’s proposed 2027 budg...

Iran-backed Houthi rebels take strategic port city in Yemen, raising threat to Red Sea shipping

The Iran-backed Houthi rebel group on Thursday took over Yemen’s port city of Mokha, an area vital to controlling shippi...

Is OPEC Losing Its Clout?

OPEC’s grip on the global oil market is weakening. With the UAE already out and Venezuela mulling its options, Saudi Ara...

US Natural Gas Market Verging on Record Growth

US natural gas production is projected to reach a record high of 111.7 billion cubic feet per day (bcfd) in 2026, up fro...

Iran raises fuel prices for heavy users

The rise of the price of fuel is an issue for both the United States and Iran in this conflict. US president Donald Trum...

Why the US appears to have given up on nuclear deal with Iran

As the U.S. and Iran have been trying to reach an agreement to end the war, two nuclear decisions may be prolonging the ...

Global energy market shock not over yet — IMF

As the IMF warned in an analytical note published in mid-July, a significant portion of the capacity to mitigate the glo...

Likely oil slicks in Strait of Hormuz after US tanker strikes: experts

Recent satellite images analysed on Thursday appear to show oil slicks near the Strait of Hormuz, after US strikes on ta...

EIA Raises 2027 U.S. Oil Output Forecast

The U.S. Energy Information Administration has raised its forecast for U.S. crude oil production in 2027 to 14.3 million...

EIA Raises 2027 U.S. Oil Output Forecast

The U.S. Energy Information Administration has raised its forecast for U.S. crude oil production in 2027 to 14.3 million...

Houthis seize Yemen's strategic Red Sea port city of Mokha from Saudi-backed forces

Gas prices in Europe reach levels seen during late 2022 energy crisis — Gazprom

The holding company believes that high gas prices and lagging storage injection rates increase risks to the reliability ...

US redirected 96 commercial ships during its blockade of Iran — CENTCOM

According to the statement, more than 50 vessels supporting humanitarian aid have been allowed to pass

Hungary wants compensation from EU for rejecting Russian oil, gas — prime minister

Peter Magyar added that the energy situation remains extremely difficult worldwide, with many nations experiencing gasol...

Coal demand to rise 1.2% as Hormuz closure drives gas prices: IEA

A new update by the IEA puts coal demand back on the rise following the ongoing conflict in the Middle East.

Big Take: Trump's Venezuela Oil Deal

The Pentagon is taking a stake in a private Venezuelan oil company in what President Trump called “the biggest oil deal ...

Ukraine’s Achilles heel, possibility of energy truce: Peskov’s statements

The Russian Presidential Spokesman added that there are currently no contacts between the Kremlin and representatives of...

Brent crude price on ICE tops $107 per barrel for first time since May 21 — trading data

WTI crude futures for October delivery rose by 5.65%

Russia cut oil production by 160,000 bpd month-on-month in August — OPEC

Currently, Russian oil production is limited by the OPEC+ agreement

U.S. Crude Inventories Fall As Brent Prices Soar

Crude oil inventories in the United States saw a decrease of 400,000 barrels during the week ending September 4, accordi...

🔴 Middle East live: Houthis close in on Bab el-Mandeb as Brent barrel price soars to over $106

Oil jumps to $105, pushing up chances of a US interest rate increase

Prices spiked as attacks on oil tankers escalated in the Middle East.

The Race to Cut Methane Emissions Is Exposing a Global Divide

Several countries worldwide have been working to reduce methane leaks, with some states making significantly more progre...

Yemen leader says protecting country's coasts in international interest

Yemen leader says protecting country's coasts in international interest The leader of Yemen's internationally recognised...