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PetrolOilPrice.com

U.S. Fuel Exports Hit Record High as Hormuz Crisis Reshapes Global Energy Flows

US oil product exports surged to a record 8.2 million barrels per day last week as countries scrambled to replace fuel supplies disrupted by the Hormuz crisis, according to Bloomberg reporting, which noted that diesel exports led the increase and reached an all-time high.Countries are now competing

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PetrolOilPrice.com

Trump Turns to Courts to Shield Big Oil from Climate Lawsuits

Donald Trump has denied, downplayed, or sought to reverse action on climate change through a combination of public rhetoric, the appointment of skeptics to key positions, and the dismantling of environmental regulations. As of 2026, his actions have included calling climate change a “hoax” or “scam,

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PetrolOilPrice.com

EIA: US Crude Oil Inventories Continue to Fall

Crude oil inventories in the United States decreased by 2.3 million barrels during the week ending May 1, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 457.2 million barrels, according to government dat

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PetrolFXStreet News

USD/CAD holds steady as US-Iran deal hopes pressure USD and drag Oil prices lower

USD/CAD struggles for direction on Wednesday as renewed optimism surrounding a potential US-Iran peace deal pressures the US Dollar (USD), while falling Oil prices weigh on the commodity-linked Canadian Dollar (CAD).

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PetrolOilPrice.com

Live: Oil Prices Fall Below $100 as Trump Say Iran War May Be Coming To End

Oil prices collapsed on Wednesday as markets continued to digest reports that the U.S. and Iran were discussing a one-page memorandum designed to pause the conflict and create a framework for broader negotiations. Brent crude was down 8.58%, to trade at $100.4 per barrel on Wednesday at 6:40 a.m. ET

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PetrolInvesting.com Commodities
PetrolOilPrice.com

Oil Plummets 9% on Reports of Deal to End Iran War

Oil prices collapsed on Wednesday as markets continued to digest reports that the U.S. and Iran were discussing a one-page memorandum designed to pause the conflict and create a framework for broader negotiations. Brent crude was down 8.58%, to trade at $100.4 per barrel on Wednesday at 6:40 a.m. ET

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PetrolOilPrice.com

Saudi Arabia Cuts June Oil Prices by Less Than Expected as Hormuz Risks Persist

Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June from the May record high, but the price cut was less than expected. Next month’s supply from the world’s top crude exporter would still see the second-highest premium to benchmarks in history. Saudi oi

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PetrolInvesting.com Commodities
PetrolOilPrice.com

Europe’s Gas Market Braces for Winter Shock as Traders Bet Prices Could Double

The options market of European natural gas futures of the past week suggests that traders fear the benchmark gas prices could more than double in the coming winter as the protracted supply disruption from the Middle East threatens Europe’s gas refill season. Some traders have traded options contract

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PetrolOilPrice.com

Oil Prices Fall Below $100 After Trump Pauses Hormuz Escort Plan

Crude oil prices extended losses for a second day today, after President Trump said the United States would pause its plan to escort vessels out of the Strait of Hormuz just a couple of days after it was announced. The news prompted expectations that a peace deal may be in the making, pressuring Bre

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PetrolFXStreet News

AUD: RBA hikes as oil shock bites – Rabobank

Rabobank's Senior Market Strategist Benjamin Picton reports the Reserve Bank of Australia (RBA) has delivered a third consecutive 25 bp hike, taking the cash rate to 4.35% and matching the previous cycle high.

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