OPEC News
Brent Crude Plunges $4.71 to $83 as Trump Pursues Iran Hormuz Deal
Brent crude fell more than $4.71 to around $83.22 as Trump withheld Iran strikes and pursued a Hormuz deal
Aug 3, 2026
๐ GlobalOil Plunges 5% as Trump Suspends Iran Strikes, Eyes Hormuz Deal
WTI crude oil fell sharply in Asian trade after President Trump suspended new strikes on Iran
Aug 3, 2026
๐ฎ๐ณ IndiaOil Price August 3: Brent Falls to $83.56, WTI to $80.00 as Trump Delays Iran Attack
Brent crude fell $4.37 (5%) to $83.56/bbl on August 3 as Trump delayed Iran attack
Aug 3, 2026
๐ฎ๐ณ IndiaBrent Crude Falls 7.3% Below $84 as Iran Talks Reverse July's 25% Oil Surge
Brent crude fell 7.3% to below $84 per barrel on US-Iran peace talks, its biggest single-day decline of 2026
Aug 3, 2026
๐บ๐ธ United StatesOil Plunges 5%+ After Trump Cancels Iran Strikes and Opens Negotiations
Oil prices plunged sharply after Trump cancelled planned Iran strikes and announced negotiations
Aug 3, 2026
๐จ๐ฆ CanadaTurkey Signals Iraq Pipeline Oil Flows Continue Despite Expired Deal as Formal Talks Proceed
Turkey expects crude oil flows from Iraq to continue despite failure to replace a decades-old pipeline deal that expired on Monday
Jul 31, 2026
๐ธ๐ฌ SingaporeOil Surges 21% in July as US-Iran War Strains Global Supply Chain
Oil prices headed for a 21% monthly surge in July as the US-Iran conflict severely constrained Middle East energy supply routes
Jul 30, 2026
๐ GlobalOil Surges 7% as Trump Iran Threats Rattle Energy Markets Hours Before Fed Decision
Oil prices jumped more than 7% as renewed US-Iran tensions threatened critical shipping waterways
Jul 30, 2026
๐ง๐ท BrazilOil Surges 6% as US-Iran Truce Ends; Gold Declines Near $4,000 on Risk-Off Commodity Shift
Oil prices surged more than 6% Wednesday as the US-Iran ceasefire broke down and Middle East attacks resumed, while gold declined near the $4,000 support level
Jul 30, 2026
๐ GlobalOil Prices Surge on Fresh Middle East Strikes and API Crude Draw
Oil prices spiked in early Asian trade Wednesday, erasing Tuesday's selloff on renewed Middle East hostilities and a bullish API crude inventory draw
Jul 29, 2026
๐ธ๐ฌ SingaporeOil Prices Drop 5% to Two-Week Low as US-Iran Strike Fears Recede, Brent at July 13 Low
Brent crude oil fell to its lowest price since July 13, dropping 5% as geopolitical risk premium evaporated following several days without US-Iran military strikes.
Jul 29, 2026
๐จ๐ฆ CanadaIran and Oman in Talks to Reopen Strait of Hormuz as Diplomatic Push Intensifies
Negotiators from Iran and Oman are working to reach an agreement to restart commercial shipping through the Strait of Hormuz, according to sources familiar with the discussions
Jul 28, 2026
๐ฆ๐ช UAE / MENAOil Prices Plunge 4.6% to $87.46 as US-Iran Military Pause Revives Diplomacy Hopes
Crude oil fell more than 4% to $87.46 per barrel after the US and Iran paused military strikes over the weekend, reviving expectations of diplomatic progress.
Jul 27, 2026
Saudi ArabiaSaudi Arabia Oil Exports Surge 19.5% in May, Reversing Earlier OPEC+ Production Restraint
Saudi Arabia's crude oil exports jumped 19.5% in May as OPEC+ progressively unwinds its voluntary production cuts, adding supply pressure to markets already contending with soft Chinese demand.
Jul 27, 2026
๐ GlobalIraq and Syria Sign Oil Pipeline Deal to Open a Mediterranean Export Route
Iraq will sign an agreement with Syria to build oil pipelines linking production sites to global export markets via the Mediterranean.
Jul 26, 2026
๐ธ๐ฌ SingaporeHouthis Strike Saudi Oil Infrastructure as US Holds Back on Iran Despite Red Sea Tensions
Houthi forces attacked Saudi oil installations along the Red Sea coast, threatening production security in the Gulf region
Jul 26, 2026
๐ฏ๐ต JapanChina's Oil Imports Plunge 41% YoY in June, Signaling Structural Demand Shift Behind Supply Shock
China's crude oil imports fell 41.3% year-on-year in June 2026, hitting a 10-year low as domestic demand contracted sharply
Jul 26, 2026
๐ฎ๐ณ IndiaGlobal Bond Yields Surge as Oil Price Spike Revives Inflation Fears Across Sovereign Markets
Bloomberg Global Treasury Index average yield surged to 3.68%, reflecting a broad sovereign bond selloff driven by oil-price inflation concerns
Jul 26, 2026
๐ฐ๐ท South KoreaOil Breaches $100 as US-Iran Tensions Escalate, KOSPI Sinks 5% in Record Volatility Run
Brent crude broke through $100 per barrel for the first time since May as US-Iran tensions escalate, triggering a 5%+ KOSPI decline
Jul 25, 2026
๐ฉ๐ช GermanyBrent Crude Drops 5.1% to $95.56 as Traders Take Profits After Geopolitical Rally
Brent crude fell 5.1% to $95.56 per barrel on Friday, reversing most of the prior session's geopolitically-driven price gains
Jul 25, 2026
๐บ๐ธ United StatesBrent Crude Surges Past $100 as Middle East Tensions Escalate
Brent crude surged past the $100 per barrel mark as Middle East tensions escalated, pushing oil prices to a significant psychological threshold
Jul 25, 2026
๐ฆ๐ช UAE / MENABrent Crude Surges 2.3% to $96.26 as Houthi Tanker Attacks and US Iran Strikes Escalate
Brent crude futures rose $2.19 (2.33%) to $96.26/bbl, a six-week high, driven by Houthi tanker attacks in the Red Sea and fresh US military strikes on Iran.
Jul 23, 2026
๐ธ๐ฌ SingaporeSaudi Crude Tankers Turn Back in Red Sea as Houthis Open New Front in US-Iran War
Saudi crude oil tankers turned back from the Red Sea after Houthis announced a naval blockade against Saudi Arabia, threatening a major oil shipping corridor
Jul 23, 2026
๐ GlobalChina's Crude Output Hits Record 216 Million Tons as Combined Oil and Gas Equivalent Reaches 420 Million Tons
China produced a record 216 million tons of crude oil, with natural gas also rising by 10 billion cubic meters, per the National Energy Administration
Jul 22, 2026
๐ GlobalHouthi Attacks Drive Oil Above $91 as Red Sea Disruptions Force Tanker Rerouting
Houthi attacks are forcing oil tankers to reroute from the Red Sea, pushing Brent crude above $91 as supply disruptions deepen, with Aramco reportedly pre-positioning crude ahead of expected escalation.
Jul 21, 2026
๐ฆ๐บ AustraliaIran's Supreme Leader Warns of 'Unforgettable Lessons' as US-Iran Conflict Escalates in Gulf Region
Iran's supreme leader issued a direct warning of 'unforgettable lessons' for the US if attacks on Iran continue
Jul 19, 2026
๐ GlobalKuwait Hit by Major Iranian Strikes Targeting Power Infrastructure; Flights Suspended
Kuwait suffered one of its worst nights of Iranian retaliatory attacks, with a second power plant hit in consecutive days
Jul 19, 2026
๐ฉ๐ช GermanyUS Strikes Iranian Targets Again as Two Oil Tankers Hit Mines in Escalating Persian Gulf Standoff
US military conducted fresh strikes on Iranian targets overnight, citing continued degradation of Iran's military capabilities
Jul 19, 2026
๐ธ๐ฌ SingaporeChina June Oil Refining Slumps 18% to Six-Year Low as Crude Imports Collapse
China's June oil refinery throughput fell 18% year-on-year to 51.24 million tonnesโthe lowest processing volume since March 2020, the COVID lockdown month.
Jul 16, 2026
๐ Global135 Million Barrels of Russian Crude Stranded as Ukraine Refinery Strikes Choke Export Pipeline
Nearly 135 million barrels of Russian crude oil are stranded at sea as Ukraine's airstrike campaign against refineries cripples processing capacity.
Jul 15, 2026