Crude Oil News

Chinese Oil Refiners Slash Output to Multi-Year Lows as Crude Imports Plunge

Chinese oil refiners sharply reduced processing output after crude imports plunged, with state-owned sector runs falling to multi-year lows.

May 18, 2026

UN Confirms 32 Political Prisoner Executions in Iran Since Feb US-Israel Strike, Sustaining Oil Risk Premium

The UN has verified at least 32 political prisoner executions in Iran since the US-Israel military strike on 28 February 2026.

May 18, 2026

US Upstream Oil and Gas M&A Rebounds to $38B as Energy Sector Consolidation Accelerates

US upstream oil and gas M&A rebounded to $38 billion, confirming energy sector consolidation is accelerating as operators scale for the shale cost cycle

May 18, 2026

Asia Markets Fall Sharply on May 18 as Trump Iran Warning Sends Nikkei and Kospi Down Over 2%

Nikkei and South Korea's Kospi each fell more than 2% on May 18 as Trump's new Iran warning triggered a broad risk-off sell-off across Asian equity markets.

May 18, 2026

GIFT Nifty Signals 129-Point Gap-Down Open as Brent Crude Surges Past $110/Barrel on Trump Iran Warning

GIFT Nifty traded at 23,514.50 on Monday morning, signaling a gap-down open for the Nifty 50 from Friday's close of 23,643.50 — a decline of approximately 129 points.

May 17, 2026

US Shale M&A Hits $38 Billion in Q1 2026, Two-Year High, as Higher-for-Longer Oil Drives Consolidation Wave

US upstream oil and gas M&A reached $38 billion in Q1 2026, the highest quarterly total in two years, per Enverus Intelligence Research.

May 17, 2026

Drone Strike Near UAE Barakah Nuclear Plant Roils Markets as US-China Secure $17 Billion Trade Pact

A drone strike hit near the UAE's Barakah Nuclear Power Plant on Sunday, sending regional geopolitical tensions to a fever pitch amid the ongoing Iran-linked conflict.

May 17, 2026

US Gasoline Prices Near Record High as Iran Conflict Revives 1979-Era Pump-Price Political Dynamics

US national gasoline prices are approaching record levels, with Bloomberg's senior oil reporter noting the Iran conflict's energy impact is going "not well" for the administration.

May 17, 2026

Crude Oil Surges on Prolonged Global Supply Disruption Fears

Crude oil prices surged as markets priced in concerns over prolonged disruption to global supply chains.

May 17, 2026

Crude Oil Prices Surge on Fears of Prolonged Disruption to Global Supplies

Crude oil prices surged as concerns mounted that a disruption to global energy supplies could be more prolonged than initially anticipated.

May 17, 2026

RBI Reportedly Intervenes to Prop Up Rupee as Oil Price Surge Weighs on INR

The Reserve Bank of India reportedly sold US dollars to defend the rupee against decline, triggered by surging oil prices, according to a Reuters report via Investing.com.

May 17, 2026

Gold Rallies as Dollar and Oil Tumble on US-Iran Peace Deal Hopes

Gold surged as the US Dollar and oil prices fell sharply, driven by optimism that the US and Iran could reach a peace deal, per FX Street.

May 17, 2026

Chevron CEO Warns of 1970s-Style Oil Crisis as Strait of Hormuz Closure Threatens Supply

Chevron's CEO warned of a potential 1970s-style oil crisis, citing the ongoing closure of the Strait of Hormuz as the primary threat to global oil supply.

May 17, 2026

RBI Reportedly Sold Dollars to Defend Rupee as Surging Oil Prices Pressure Indian Currency

The Reserve Bank of India reportedly intervened in currency markets by selling US dollars to curb the rupee's decline as oil prices surged.

May 17, 2026

FTSE 100 Climbs as Oil Sector Gains Offset Investor Caution Over US-Iran Peace Deadlock

UK's FTSE 100 index rose as strong oil sector performance offset uncertainty from the ongoing US-Iran peace negotiations deadlock.

May 17, 2026

Chevron CEO Warns of 1970s-Style Oil Crisis as Strait of Hormuz Closure Lifts Energy Stocks

Chevron's CEO warned of a potential 1970s-style oil crisis, citing the ongoing Strait of Hormuz closure as the primary supply disruption threat.

May 17, 2026

Crude Surges 8% in a Week to Near $110 as Iran War Tensions and Hormuz Risks Escalate

Brent crude futures surged 7.84% while WTI gained 10.48% in one week as Iran war tensions reignited

May 16, 2026

India Bond Yields Climb as Markets Price RBI Rate-Hike Risk on Fuel Price Surge

India's bond market pushed yields higher after fuel price increases stoked inflation and rupee weakness fears

May 16, 2026

India Bond Yields Rise as Markets Price RBI Rate Hike on Oil-Driven Inflation Risk

Indian government bond yields rose as markets began pricing in possible RBI rate hikes following higher oil prices

May 16, 2026

Brent Near $110 as Trump-Iran Tensions Spike Oil 8% on Strait of Hormuz Supply Fears

Brent crude rose 7.84% and WTI surged 10.48% in the week as Trump and Iran exchanged hostile remarks over Strait of Hormuz

May 16, 2026

Crude Oil Surges 8% Toward $110 as Iran War Tensions Threaten Strait of Hormuz

Crude oil surged 8% in a week to near $110 as US-Iran tensions over the Strait of Hormuz intensified, with Brent +7.84% and WTI +10.48%

May 16, 2026

India Bond Yields Rise as Fuel Price Hike Stokes RBI Rate-Hike Fears

Indian bond yields edged higher as markets priced in the possibility of RBI rate hikes following domestic fuel price increases

May 16, 2026

Brent Crude Jumps 8% in a Week to Near $110 as US-Iran War Tensions Derail Ceasefire

Brent crude rose 7.84% and WTI gained 10.48% this week to near $110/bbl as US-Iran war talks collapsed, with Strait of Hormuz disruption fears raising major inflationary risks for India and Asia.

May 16, 2026

India Bond Yields Rise as Market Prices RBI Rate Hike Risk After Domestic Fuel Price Shock

Indian bond markets are pricing in RBI rate hike risks after a domestic fuel price increase, with higher oil prices raising imported inflation and rupee weakness concerns, though economists remain divided on RBI's next move.

May 16, 2026

Crude Oil Jumps 4% to 1.5-Week High as US-Iran War Talks Hit Impasse

June WTI crude oil closed up +$4.25 (+4.20%) to a 1.5-week high Friday as US-Iran war negotiations hit an impasse, keeping the Strait of Hormuz closed and tightening global oil supplies.

May 16, 2026

Bitcoin hits $82,026 as Burry warns of Nasdaq bubble; oil tops $105

May 16, 2026

GIFT Nifty Signals Negative Open as Brent Crude Nears $105/Barrel

May 15, 2026

Crude Oil Surges 3%, Constellation Energy Beats Earnings; Nasdaq Edges Up

May 15, 2026

India Eyes Emergency FX Measures Amid Iran War Fallout

May 15, 2026

U.S. Stocks Set for Lower Open as Crude Oil Surge Offsets Friday Rally

May 15, 2026