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U.S. naval patrol near an oil tanker in the Persian Gulf under a dramatic sky

news

Iran Running Out of Oil Cargoes: The Physical Wall Hits the Persian Gulf

With Iranian floating storage down to just 4 million barrels and crude trading at a rare premium due to scarcity, the US naval blockade has hit a critical inflection point. Here is how global markets are absorbing the shock.

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Large oil tanker in the Strait of Hormuz with overlay of a volatile crude oil price chart

news

What Has Been the One Constant Through Hormuz Turmoil?

While military threats dominate the news, a silent macroeconomic chess move by Beijing is the only thing keeping global energy markets from outright panic.

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A modern oil refinery facility at sunset representing Phillips 66's downstream operations and soaring refining margins.

news

Phillips 66 Profit Soars: Inside the Blowout Q2 2026 Earnings and the Market's Cautious Reaction

Phillips 66 (NYSE: PSX) smashed Q2 2026 earnings with a $9.41 adjusted EPS, but its stock slid slightly post-announcement. We break down the crack spreads, geopolitical drivers, and capital allocation strategy.

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Oil tanker navigating near the Strait of Hormuz with dramatic skies

news

Oil Prices Today: WTI Near $76 and Brent Near $80 as Traders Weigh Hormuz Talks and Mixed EIA Inventory Data on August 5, 2026

Oil prices dipped on August 5, 2026, with WTI near $76 and Brent near $80 as potential U.S.-Iran negotiations over the Strait of Hormuz offset a highly mixed EIA inventory report and fresh tanker strikes.

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Oil tankers moving through a narrow shipping lane near a desert coastline at sunrise.

news

Oil Prices Today: Brent Near $88, WTI Near $82 as Crude Heads for Roughly 20% July Gain

At 0752 GMT on July 31, Brent crude eased to about $88 a barrel and WTI to about $82, but the market still headed for roughly a 20% monthly gain. Fox Energy reviews the latest EIA inventory data and OPEC demand outlook for U.S. investors and mineral owners.

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Generic editorial image of a modern refinery and LNG storage infrastructure at dusk, with no logos or text.

news

Shell Reports 102% Refinery Utilization as Q2 Gas Output Slips on Qatar-Linked Disruptions

Shell said refinery utilization reached 102% in Q2 while integrated-gas production fell to 631,000 boe/d amid disruptions affecting Qatari volumes.

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Editorial illustration of oil infrastructure in an arid landscape.

news

ConocoPhillips to Buy 42% Stake in bp's Kirkuk Venture in Iraq

ConocoPhillips said July 17 it agreed to acquire a 42% interest in bp's Kirkuk venture in Iraq, with the companies citing more than 3 billion boe of initial gross recoverable resource in the contract area.

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Crude oil tanker moving through a narrow shipping lane at dusk with offshore escort vessels in the distance and no visible text or logos.

news

Oil Prices Today: Brent Settles at $88.10, WTI at $82.49 as Hormuz and Red Sea Risks Lift Crude

As of Saturday, July 18, 2026, the cleanest verified oil benchmarks are Friday's settlements: Brent at $88.10 and WTI at $82.49, with traders focused on Hormuz and Red Sea shipping risk.

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U.S. Gulf Coast refinery and storage tanks in early morning light.

news

EIA Says U.S. Crude Inventories Fell as Refinery Runs Hit 96.2%

The latest EIA petroleum report showed a 1.7 million-barrel crude draw, 96.2% refinery utilization and stronger exports, even as distillate inventories rose.

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Oil tanker moving through a narrow shipping corridor at dawn

news

Oil Prices Today: Brent Near $85, WTI Near $80 as Hormuz Risk Keeps Crude Supported

Brent and WTI stayed close to Wednesday's highs early Thursday as traders kept a geopolitical risk premium in crude despite mixed U.S. inventory data.

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Oil tankers underway in the Black Sea near distant port infrastructure.

news

Ukraine Claims Black Sea Drone Strikes on Russian Oil Tankers

Ukraine says its drones struck 20 Russian vessels in the Black Sea, escalating risk for oil shipping while the scale of damage remains unverified.

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Oil pumpjack field and tanker traffic illustrating current crude oil market conditions

news

Oil Prices Today: Brent Settles at $84.95 as Hormuz Risk Stays Elevated

Brent settled at $84.95 after briefly topping $86 as renewed fighting kept Strait of Hormuz supply risks elevated.

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Advanced oilfield drilling operations in the semi-arid Barmer Basin

analysis

Vedanta's $5 Billion Oil Bet Targets a Fivefold Production Leap

Vedanta Oil and Gas is targeting 500,000 boepd with a $5 billion investment, but reversing mature-field declines will determine whether the plan succeeds.

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A Very Large Crude Carrier tanker transiting the Strait of Hormuz under high geopolitical tension

analysis

Hormuz Supply Risks Send Oil to One-Month High: What It Means for U.S. Investors and Mineral Owners

Oil reached a one-month high as renewed conflict raised Strait of Hormuz supply risks. This sourced analysis examines shipping exposure, insurance pressure, U.S. shale hedges, and the implications for mineral and royalty owners.

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Map of the Strait of Hormuz with visual indicators of geopolitical conflict and rising oil price volatility.

news

Oil Prices Today: Strait of Hormuz Standoff Triggers Market Volatility

A renewed military standoff between the U.S. and Iran at the Strait of Hormuz has sparked volatility in energy markets. Here is what investors need to know about today's price spikes and the shifting economic landscape.

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Aerial view of the U.S. Strategic Petroleum Reserve storage site at sunset.

news

USA Strategic Petroleum Reserve Hits 1983 Lows: What 56 Percent Empty Means for Investors

Inventory levels in the U.S. Strategic Petroleum Reserve have dropped to 319 million barrels. We examine the security risks and investment implications of a 56 percent empty stockpile.

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Aerial view of the Pikka oil project well pad in the Alaskan North Slope.

news

Pikka Oil Project in Alaska Reaches Continuous Production

Santos and Repsol have officially reached continuous production at the Pikka project, signaling a massive turnaround for Alaska's oil production and a win for energy investors.

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Venture Global LNG export terminal in Louisiana

news

Venture Global Bags New LNG Supply Contract from EnBW: Analyzing the Mid-Term Shift

Venture Global has secured a new 0.82 MTPA supply contract with Germany's EnBW, marking a significant shift toward 'mid-term' agreements in the LNG space.

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The vast tundra of the Arctic National Wildlife Refuge Coastal Plain.

news

Arctic Refuge Auction: A High-Stakes Test for U.S. Oil Industry Appetite

The upcoming June 2026 auction in the Arctic National Wildlife Refuge is the oil industry's biggest 'stress test' yet, balancing massive reserves against legal and financial volatility.

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Line chart showing the decline of natural gas prices at PG&E Citygate in 2026.

news

California Natural Gas Prices Reach Historic Lows in Early 2026

California’s natural gas market is experiencing a historic shift as spot prices plummet to record lows. While wholesale costs are down, infrastructure expenses keep consumer bills high.

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Heat map of Asia showing rising temperatures and LNG supply routes.

news

A Scorching Asian Summer: Why LNG Markets Are Bracing for a Massive Price Spike

The 'shoulder season' is over. With the Strait of Hormuz restricted and record heat hitting Asia, the global LNG market is bracing for a 50% price surge.

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Digital chart showing Brent Crude price spike over a Persian Gulf sunset background.

news

Brent Jumps on Renewed Iran Clash: Markets Brace for $100+ Crude

Renewed military strikes in Bandar Abbas have sent oil markets into a tailspin, erasing recent gains from diplomatic rumors and pushing Brent crude back toward triple digits.

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BP headquarters in London representing corporate governance challenges.

news

BP Fires Chair Albert Manifold Over "Unacceptable" Conduct: Is the Supermajor Unmanageable?

BP's board has ousted Chairman Albert Manifold after just eight months, citing 'unacceptable' conduct. This latest leadership collapse raises serious questions about the supermajor's stability and its strategic pivot back to fossil fuels.

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Financial chart showing the decline of WTI and Brent crude oil prices on May 27, 2026.

news

Oil Prices Today: Benchmarks Dive 5% on Peace Deal Rumors and UAE Exit

Global oil markets are experiencing a sharp downward correction today as traders react to rumors of a U.S.-Iran peace deal and the fallout of the UAE's exit from OPEC+.

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An offshore drilling rig at sunset representing Noble Corporation's industry presence.

news

Noble Appoints Halliburton CEO Jeff Miller to Board: What Investors Need to Know

Noble Corporation (NE) has added Halliburton CEO Jeff Miller to its board of directors, a strategic move that bridges the gap between offshore drilling and integrated oilfield services.

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An LNG tanker navigating the Strait of Hormuz at night.

news

Qatar Quietly Ships LNG via Hormuz to Key Buyers

Qatar is utilizing 'dark' transits and Iranian-approved routes to deliver critical LNG to China and Pakistan, even as the Strait of Hormuz remains largely blocked to the West.

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A digital chart of falling oil prices next to a physical gas pump with high prices.

explainer

Crude vs. The Pump: Why US Retail Gas Prices Lag Behind Middle East Peace Volatility

When Middle East peace talks drive down crude prices, why does the pump stay expensive? Understand the 'Rockets and Feathers' effect and how it impacts the energy market.

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Digital trading interface showing ICE and OKX oil perpetual futures data.

news

NYSE Owner Intercontinental Exchange and OKX to Launch Perpetual Futures Tied to Oil

The owner of the NYSE is taking Brent and WTI benchmarks to the blockchain. Through a strategic partnership with OKX, ICE is launching oil-linked perpetual futures to compete with decentralized rivals.

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Oil price ticker showing Brent Crude below 100 dollars per barrel

news

Why Oil Prices Just Fell Below $100: Analysts Weigh In on the Iran Deal and OPEC’s Fracture

Brent crude has finally dipped below the $100 mark as news of a potential U.S.-Iran peace deal hits the wires. But with 100 million barrels stranded and OPEC fracturing, is this a buying opportunity or a structural shift?

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Digital map showing oil supply disruptions in the Middle East and rising revenue in Russia and Saudi Arabia.

news

Who’s Winning the War? The Countries Profiting From the Iran Oil Shock

The 2026 Iran War has created a stark divide in the energy world. While consumers suffer, Russia, Saudi Arabia, and a newly independent UAE are reaping billions in 'unearned' profits.

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A financial chart showing a three-day downward trend in crude oil prices.

news

Crude Closes Down for Third Day as Diplomatic Hope Battles Supply Reality

Crude oil prices have extended their decline for a third day as traders weigh 'encouraging signs' of a US-Iran ceasefire against the reality of a paralyzed Strait of Hormuz.

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A digital display showing gas prices rising toward five dollars per gallon.

news

Next Gas Price Spike May Come Just Before Memorial Day

With the Strait of Hormuz stalled and U.S. gasoline inventories falling for 14 straight weeks, a major price spike is looming just before the holiday travel season.

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The Strait of Hormuz under blockade during the 2026 Iran War.

news

No Deal In Sight to End Iran War: Energy Markets Brace for June Escalation

Diplomatic efforts to resolve the 2026 Iran War have stalled as Washington and Tehran remain at a 'dead-end' over uranium transfer and reparations.

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Oil tankers loading at Yanbu port in Saudi Arabia during the Hormuz Crisis

news

Aramco Beats the Blockade: Q1 Profits Surge 26% Amid Hormuz Crisis

Saudi Aramco has defied the Hormuz blockade, posting a $33.6 billion profit for Q1 2026 by leveraging its massive East-West Pipeline infrastructure.

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Oil price charts trending upward against a backdrop of global shipping lanes.

news

Market Alert: Oil Traders Re-Pricing Supply Risk as Peace Talks Collapse

The 'peace trade' is dead. As President Trump rejects Iran's latest proposal and the Strait of Hormuz remains blocked, oil prices are heading back toward $115/bbl.

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Digital representation of ship signal spoofing in the Strait of Hormuz with naval vessels in the background.

news

Ship Signals Erratic as Hormuz Tensions Escalate

The Strait of Hormuz has entered a state of electronic chaos. With ships appearing inland and 'Project Freedom' deploying 15,000 personnel, oil has surged to $114/bbl.

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Oil tanker navigating the Strait of Hormuz with naval escorts during a period of geopolitical tension.

news

Crude Settles Higher as Gulf Clashes Intensify: The $105 Reality

Crude oil prices have surged to $105/b following the rejection of a peace proposal by Washington and escalating clashes in the Gulf. Here is what investors need to know about the current supply shock.

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A large crude oil tanker at the Port of Corpus Christi terminal during sunset.

news

Texas Oil Regulator Praises Record Port Activity, Rising Output

Texas oil production is hitting new heights while the Port of Corpus Christi breaks export records, positioning the state as a vital stabilizer in a volatile global market.

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A sunset view of a Permian Basin energy site featuring both oil drilling equipment and solar panels.

news

The United States Set Record Energy Production in 2025, Again

The United States reached 107 quads of total energy production in 2025, driven by record-breaking shale efficiency and a massive surge in electricity demand from AI data centers.

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The European Central Bank building with an overlay of energy market charts.

news

ECB’s Lagarde Issues "Wake-Up Call" on Europe’s Energy Dependency: What Investors Need to Know

ECB President Christine Lagarde has issued a stark warning: Europe's 60% energy import dependency is no longer just a trade issue—it's a direct threat to the Euro's stability.

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A modern oil drilling rig in a desert landscape with a subtle financial graph overlay.

news

North America Goes Back to Losing Rigs: Seasonal Slump or Structural Shift?

The North American rig count has dipped again as seasonal shifts in Canada and strict capital discipline in the U.S. redefine the drilling landscape.

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A US Navy destroyer positioned in the Persian Gulf during the diplomatic pause of Project Freedom.

news

US Pauses "Project Freedom" in Strait of Hormuz: Diplomatic Gamble or Energy Breakthrough?

The Trump administration has paused naval escorts in the Strait of Hormuz, betting on a 14-point Pakistani peace proposal to end the 2026 Iran War and stabilize oil prices.

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A financial chart showing a steep decline in oil prices overlaid on a sunset view of the Strait of Hormuz.

news

Oil Sinks 12% as Trump Floats 'Stark' Peace Proposal to Iran

Brent crude plummeted toward $100 per barrel as the U.S. issued a 48-hour peace ultimatum to Iran, pausing naval escalations in the Strait of Hormuz.

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Oil price charts and a map of the Middle East illustrating OPEC+ production changes.

news

OPEC+ Decides to Boost Output: A Signal of Stability or a Drop in the Bucket?

OPEC+ is attempting to signal 'business as usual' with a modest production hike, but the UAE’s departure and the Hormuz blockade tell a different story.

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U.S. Navy vessel escorting an oil tanker through the Strait of Hormuz during a geopolitical crisis.

news

Oil Surges on Middle East Attacks: Brent Hits $119 as 'Project Freedom' Begins

The global energy market is in turmoil as attacks on the UAE's Fujairah hub and an IRGC blockade of the Strait of Hormuz send Brent crude past $115. Is this the 1973 embargo all over again?

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U.S. Navy ship escorting an oil tanker through the Strait of Hormuz during the 2026 crisis.

news

Shipping Freeze Deepens: Strait of Hormuz Crisis Enters High-Stakes Escalation Phase

The 'shipping freeze' in the Strait of Hormuz has entered a critical new phase as of May 5, 2026. Following months of stalemate, the situation has escalated into a direct military and economic confrontation between the U.S. and Iran.

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U.S. Navy destroyer escorting an oil tanker through the Strait of Hormuz

news

Oil Surges as Middle East Ceasefire Collapses: Brent Crude Hits $115

The Persian Gulf ceasefire has collapsed, sending Brent crude to $115. As Iran targets the UAE's Fujairah hub, the U.S. Navy begins 'Project Freedom' escorts in the most significant supply disruption in decades.

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Oil tankers stranded in the Strait of Hormuz with naval escorts nearby.

news

Shipping Freeze Deepens in Strait of Hormuz: The $120 Brent Threshold

The Strait of Hormuz has entered a state of total shipping paralysis. As the U.S. launches 'Project Freedom' and Iran demands illegal tolls, the energy market is bracing for $120 Brent crude.

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A digital map showing the Strait of Hormuz and oil price charts surging upward.

news

Oil Surges as Middle East Attacks Hit Strategic Fujairah Hub

Global oil benchmarks are soaring after coordinated attacks on the Fujairah Oil Industry Zone and a blockade of the Strait of Hormuz. With the U.S. launching 'Project Freedom' and the UAE exiting OPEC, the energy market is entering its most volatile period in decades.

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