OPEC News
Brent Crude Flash Crashes $6 to $100.80 on Iran Peace Reports, Rebounds to $104
Brent crude plunged $6 from $107.24 to $100.80 before rebounding to ~$104 on conflicting US-Iran peace reports
Nov 4, 2026
๐ GlobalBrent Crude Plunges 7% as US-Iran Diplomatic Signal Eases Supply Risk Premium
Oil prices fell sharply after the US and Iran indicated diplomatic room for negotiations, reducing the geopolitical risk premium embedded in crude.
Nov 3, 2026
๐ GlobalIraq Boosts Oil Exports via Turkey's Ceyhan Port to 500,000 Bpd Using Trucked Basrah Crude
Iraq has ramped crude oil exports via Turkey's Ceyhan port to 500,000 bpd by trucking Basrah crude to the pipeline.
Nov 2, 2026
๐ GlobalOil Majors Post Surging Refining Profits Despite Trump Big Oil Criticism
US oil majors reported surging refining earnings after Trump publicly criticized Big Oil for making too much money. Tightening fuel supplies drove margin expansion.
Oct 31, 2026
๐ GlobalBig Oil Earnings Set to Surge on High Crude Prices, But Guidance Will Be Key
Big Oil earnings are expected to surge on elevated crude prices, but charts suggest investor caution is warranted
Oct 30, 2026
CvxChevron Revenue Hits $67B as Occidental Rebounds to $8.3B on 2026 Oil Price Surge
Chevron Q3 2026 revenue surges to $67.2B while Occidental rebounds to $8.3B; elevated oil prices driven by Middle East tensions and OPEC+ discipline fuel sharp Big Oil revenue reversals.
Oct 29, 2026
๐ฆ๐ช UAE / MENAUBS Lifts Brent Crude Forecast to $110 as Falling Inventories and Record Tanker Costs Tighten Market
UBS raised its year-end Brent crude forecast to $110 per barrel from $100, citing persistent Middle East supply risks and falling global inventories
Oct 28, 2026
๐ฆ๐ช UAE / MENAWorld Bank Raises 2026 Commodity Price Forecast 23% on Middle East Conflict and Supply Disruptions
World Bank raised its 2026 commodity price forecast by 23% citing Middle East conflict, depleted oil inventories, grain shipment disruptions, and weather risks
Oct 28, 2026
๐ฉ๐ช GermanyBrent Crude Holds at $115 After Saudi Refinery Missile Strike; ING Warns of Sudden Price Crash Risk
Brent crude oil is holding near $115 per barrel following a missile attack on Saudi Arabia's largest refinery
Oct 28, 2026
๐ GlobalU.S. Oil Rig Count Holds Flat Second Straight Week as Crude Prices Surge Higher
Baker Hughes reports U.S. total active rig count unchanged for the second consecutive week
Oct 24, 2026
๐ธ๐ฌ SingaporeOil Surges as Strikes on Saudi Aramco's Shaybah Complex and Dammam Airport Fan Supply Fears
Oil prices surged after strikes on Saudi Aramco's Shaybah oil field complex and the King Fahd International Airport in Dammam, raising fears of a major supply disruption from one of Saudi Arabia's key production hubs.
Oct 23, 2026
๐ฎ๐ณ IndiaBrent Crude Crosses $110 as Aramco Strike Fears Amplify Iran-Driven Supply Crisis
Brent crude surged past $110/barrel โ up roughly 80% YTD โ as a deadly strike near Aramco infrastructure stoked fresh supply fears.
Oct 22, 2026
๐ธ๐ฌ SingaporeOil Prices Hold Steady as Geopolitical Risks and US Crude Stock Draw Offset Demand Worries
Oil prices remained steady as investors balanced geopolitical risks against a 3.06 million barrel draw in US crude inventories
Oct 22, 2026
๐ธ๐ฌ SingaporeBrent Crude Slips as Iran-Pakistan Mediation Signals Easing Gulf Tensions Against Houthi Attack Backdrop
Brent crude declined as Iran's president discussed mediation with Pakistan's army chief; Houthi attacks on Saudi infrastructure maintained a floor on oil risk premium.
Oct 21, 2026
๐ฐ๐ท South KoreaSouth Korea's NH Cooperative Cuts Mineral Fertilizer Prices 5.1% Saving Farmers 8.5 Billion Won
NH Agriculture Cooperative slashed mineral fertilizer prices by an average of 5.1% effective October 20, saving Korean farmers an estimated 8.5 billion won in Q4 operating costs
Oct 20, 2026
๐จ๐ณ ChinaBrent Crude Breaks $110 as Hormuz Supertanker Explosion Ignites Supply Shock
Brent crude surged 4.49% to $107.12/barrel after supertanker explosion at Hormuz Strait
Oct 18, 2026
๐ฌ๐ง United KingdomBrent Crude Hits 5-Month High Above $110 After Missiles Target Saudi Energy Infrastructure
Brent crude surged to a 5-month high above $110 per barrel after Saudi Arabia-led forces intercepted missiles targeting energy hubs
Oct 17, 2026
๐ฐ๐ท South KoreaOil Surges Past $100 on Middle East Escalation as Brent Nears $110 on Supply Disruption Fears
WTI crude surged 3.5% to $101.42 per barrel, breaching the $100 mark as Middle East tensions escalated sharply
Oct 17, 2026
๐ GlobalIEA Accelerates Emergency Diesel Release, Total Draw Now Set to Exceed 400 Million Barrels
The IEA will immediately release more than 20 million barrels of diesel as part of its emergency draw
Oct 16, 2026
๐ฐ๐ท South KoreaIEA Warns Global Diesel Shortage to Persist Through Late 2027; Brent Crude Rises to $106
The IEA warns global diesel shortage will last through late 2027 as Brent crude hits $106/barrel, with Middle East tensions and a US-Russia agreement assessed as minimal relief.
Oct 15, 2026
๐ธ๐ฌ SingaporeHouthis Vow More Attacks on Saudi Airports and Aramco Facilities After HQ Strike
Yemen's Houthis declare Saudi airports and Aramco facilities legitimate targets after striking its HQ, raising the geopolitical risk premium on Middle East oil supply.
Oct 15, 2026
๐บ๐ธ United StatesOldfield Partners: Oil Surge Powers Petrobras Q3 2026 Performance
Petrobras (PBR) benefited from rising oil prices in Q3 2026, boosting its performance for Oldfield Partners fund
Oct 14, 2026
๐บ๐ธ United StatesBrent Crude Physical Premium Surges Past Futures as Energy Market Supply Shifts Tighten Spot Market
Brent crude physical delivery prices have surged above futures prices, signaling near-term supply tightness as geopolitical pressures reshape crude flow routes and create backwardation in energy markets.
Oct 12, 2026
๐ฆ๐ช UAE / MENAIEA Urges Members to Release More Diesel From 200M-Barrel Emergency Reserve Amid Middle East Disruption
The IEA urged its 32 member nations to accelerate previously pledged emergency diesel stock releases amid tightening global supply
Oct 12, 2026
๐ GlobalSupertanker Freight Rates Retreat From Record Levels as OPEC Output Signals and Fleet Scheduling Shift
Supertanker freight rates have slipped back from recent record highs, easing one component of global oil transport costs
Oct 12, 2026
๐ GlobalIEA Emergency Oil Release Risks Depleting Strategic Reserves at Critical Juncture
IEA and G7 authorise 100M barrel emergency oil release as part of a 400M barrel Hormuz-squeeze response programme, raising concerns about depleting strategic petroleum reserves.
Oct 10, 2026
๐ GlobalCorn Prices Plunge as USDA Raises US Yield Forecasts in Surprise October Report
Corn futures fell sharply after the USDA unexpectedly raised US yield forecasts in its October crop report.
Oct 9, 2026
๐ธ๐ฌ SingaporeHouthi Strikes on Saudi Airports Kill Three; Coalition Vows Retaliation as Hormuz Risk Compounds
Saudi-led coalition airports were struck by Houthi forces killing three people; coalition pledged retaliation
Oct 8, 2026
๐ GlobalHormuz Tanker Traffic Falls to 2-Month Low of 7 Ships as Attacks Surge; Crude Flow Down 27%
Only 7 commodity carriers transited the Strait of Hormuz on Tuesday โ the lowest count since late July
Oct 8, 2026
๐ฆ๐ช UAE / MENAIEA Accelerates Largest-Ever Emergency Oil Release as Diesel Markets Tighten โ 100M Barrels Still to Come
The IEA is fast-tracking deliveries from its record emergency oil release with ~100 million barrels still to reach markets, targeting severe diesel and refined-product scarcity feeding global freight and industrial inflation.
Oct 8, 2026