Oman Crude Slides to $72.20, Extending 57% Retreat from Hormuz Crisis Peak
Official Oman crude for August delivery settled at $72.20 a barrel on Friday, down $1.00 from Thursday's $73.20, extending a correction
Follow oil and gas with Brent and WTI moves, OPEC signals, and supply-demand drivers.
Brent Falls Below $78 as Markets Price in Return of Iranian Oil and Strait of Hormuz Reopening
Brent crude fell below $78 as investors priced in the return of Iranian oil exports and the reopening of the Strait of Hormuz, easing supply concerns.
Oil Slides More Than 4% as Prospects of a US-Iran Deal Trigger Sharp Repricing Across Global Markets
Brent Falls Below $87, Dollar Weakens and Inflation Expectations Ease as Investors Unwind the "War Premium"
Oil Climbs Above $96 as Middle East Supply Risks Overshadow OPEC+ Output Increase
all incoming missiles were intercepted and no casualties were reported. However, the latest exchange underscored the continuing risk of escalation
OPEC+ Approves Fourth Consecutive Output Increase as Alliance Seeks to Stabilize Oil Supply
According to the figures cited in the report, OPEC+ production averaged 33.19 million barrels per day in April, compared with 42.77 million barrels
Brent Crude Rebounds Above $93 as US-Iran Negotiations Face New Uncertainty
Brent crude rose above $93 per barrel as uncertainty surrounding US-Iran negotiations and the future of the Strait of Hormuz kept geopolitical risk
Norway’s Oil Dependence Deepens as Energy Shocks Slow Economic Diversification
Norway's oil and gas sector accounted for 57% of exports in 2025 as rising energy demand and geopolitical tensions complicate efforts
Brent Crude Retreats 13.1% in 21 Days as Markets Reprice Middle East Risk Premiums
Data tracked by Masadir Economics showed Brent crude falling 13.1% over the last 21 days, representing a decline of roughly $15 per barrel
Oil Rebounds Toward $105 as Iran-Hormuz Risks Revive Inflation Fears
Brent crude futures rose 2.3% to $104.96 per barrel, while US West Texas Intermediate gained 1.8% to trade near $98.08 per barrel..
US Reportedly Offers Temporary Iran Oil Sanctions Waiver as Hormuz Talks Move Global Markets
Brent crude reversed earlier gains following the report and traded around $109 per barrel as traders weighed the possibility of partial normalization
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