The EIA reported a 3.060 million-barrel decrease in crude oil inventories. This figure contrasts sharply with the forecasted reduction of 0.100 million barrels, suggesting a stronger-than-anticipated demand for crude oil

The International Energy Agency ‌is ready to coordinate more emergency oil releases by member countries if needed, while it spurs the release of diesel under existing plans to help cool surging prices

Iran’s conditions include, among other demands, the lifting of the US blockade on its ports, the lifting of US sanctions on its oil exports as well as ending hostilities on all regional fronts

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