Oil Prices Fall as Trump Weighs Easing Sanctions on Shadow Fleet Tankers
Crude oil prices pulled back from recent highs after reports that President Trump is considering easing sanctions on some tankers….
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Two ships sink near Hormuz after projectile strikes as attacks surge
A container ship and a dry bulk carrier have sunk near the Strait of Hormuz after being hit by projectiles,…
Brent Tops $106 as Tanker Attacks and Inventory Draws Tighten Oil Market
Brent crude is back above $106 as Iran steps up attacks on tankers near Hormuz and global inventories drain. Oilprice.com…
White House Invokes Defense Production Act for Texas Refinery as Diesel Stays Above $6
The Trump administration used the Defense Production Act to expand a small Texas refinery as fuel prices stay at record…
API Estimates 11.12 Million Barrel Draw in US Crude Inventories
The American Petroleum Institute estimated that US crude inventories fell by 11.12 million barrels in the week ending October 9….
