The International Energy Agency said that the total amount of stocks to be released will exceed the original agreed upon in March, and its members have committed to speed up the release of the remaining volumes
Constrained diesel supplies could persist well into next year as large counter-seasonal stock drawdowns have combined with restricted production ahead of peak winter demand, the International Energy Agency said in its monthly oil market report
OPEC raised its forecast for world oil demand growth in 2027, citing the need for the world to rebuild inventories that have been depleted by the Iran war
The US Export-Import Bank plans to fund up to $7 billion worth of critical minerals and energy projects in Argentina, as part of a push to deepen economic cooperation between Washington and Buenos Aires
Bank of America analysts have raised their estimates for Brent crude prices in the second half of 2026, citing ongoing geopolitical tensions. The bank lifted its forecast to $95 a barrel from $83 a barrel
The Energy Information Administration (EIA) reported that U.S. crude oil inventories decreased last week while gasoline and distillate stocks grew. distillate stocks grew. Crude oil stockpiles dropped by 640,000 barrels to reach 423.4 million barrels during the week that ended on September 11
Brent crude futures for November delivery rose 2.2% to above $108 a barrel in London, as markets continued to monitor tensions in the Middle East
OPEC’s crude oil production tumbled in August, snapping a two-month recovery, as output from group leader Saudi Arabia was curbed by threats to both of its export routes
Goldman Sachs said oil prices may rally to as much as $120 a barrel if attacks on shipping in the Middle East rise, and it recommended bets on natural gas and diesel as a way to capture gains
U.S. President Donald Trump said that oil from a recently struck deal with Venezuela will be used to replenish the Strategic Petroleum Reserve, which has been drawn down sharply in recent years to respond to global supply disruptions
