Oil and Gas

Oil tanker in the Strait of Hormuz as Brent crude holds above $91 on seventh straight EIA inventory draw

Brent Edges to $91.45 as EIA Reports Seventh Straight Crude Draw

The EIA reported US crude inventories fell for a seventh straight week ending August 29, leaving stocks 12.4 million barrels below seasonal norms. Brent settled at $91.45 Wednesday, extending its run above

September 1, 2026

Business·Economy·News

Oil market showing Brent crude price movements as OPEC cuts demand forecast for fourth consecutive month

Four Straight OPEC Demand Cuts, and Brent Still Settled at $91

OPEC cut its 2026 oil demand growth estimate for the fourth consecutive month in August, trimming China and India forecasts by a combined 170,000 barrels per day. Brent closed at $91.28 on

September 1, 2026

Business·Economy·News

Iran Fires Missiles at US Bases After CENTCOM Confirms Direct Strikes on Iranian Soil

Iran's state media reported missile launches toward US military bases on Tuesday, hours after US Central Command confirmed American forces were striking targets on Iranian soil. Explosions were reported near Qeshm Island,

September 1, 2026

Conflicts, Military and War·News

OPEC+ oil ministers agree to fifth consecutive monthly production increase as Brent crude holds at $91 per barrel

OPEC+ Adds Supply for a Fifth Straight Month: Brent Won’t Move Below $91

Brent settled at $91.28 a barrel on September 1, up 0.87 percent, as WTI closed at $86.57. OPEC+ added 188,000 barrels per day for the fifth consecutive month, while US crude stocks

September 1, 2026

Business·Economy·News

Scene from Tehran during the conflict after IRGC missiles struck US bases in Jordan and Brent crude crossed $91

The Market Priced a Ceasefire Nobody Declared — Iran Just Ended It

Iran's Revolutionary Guard struck two US military installations in Jordan and sent a drone toward Al Minhad Air Base in the UAE on Monday, ending a month of relative quiet. Brent jumped

September 1, 2026

Business·Conflicts, Military and War·Economy·News

Russian oil refinery amid the diesel export ban and record crack spread in 2026

It’s Not Crude That’s Wrecking the Economy — It’s Diesel at $102

The diesel crack spread hit an all-time $102.20 a barrel, roughly five times normal, after a record 21 Ukrainian strikes on Russian refineries and an extended Moscow export ban. Strategic reserves hold

September 1, 2026

Business·Economy·Markets·News

US Treasury Secretary Scott Bessent speaks at G20 finance ministers meeting about the Strait of Hormuz oil pipelines

Bessent Says Strait of Hormuz Will Be ‘Worthless’ in Two Years as Oil Shifts to Land

US Treasury Secretary Scott Bessent declared at the G20 finance ministers' meeting that the Strait of Hormuz will be 'worthless' in two years as oil shifts to land pipelines. The prediction landed

September 1, 2026

Business·Economy·News

Shipping in the Gulf near the Strait of Hormuz, the chokepoint driving crude oil prices after the disputed tanker mine claim

Iran Says a Supertanker Is Burning in Hormuz. The US Says No Ship Was Hit.

Iran's Revolutionary Guard says a supertanker struck two naval mines in the Strait of Hormuz and caught fire. US Central Command says no ship has been hit. Brent rose 0.87 percent to

September 1, 2026

Business·Conflicts, Military and War·Economy·News

Venezuela oil infrastructure at the centre of the US deal giving the Pentagon a stake in North American Blue Energy Partners

The Pentagon Is Buying an Oil Company, and Your $4 Gas Is the Sales Pitch

The White House named North American Blue Energy Partners as the operator behind Trump's Venezuela oil deal, handing the Pentagon a 35 percent equity stake. US pump prices stayed above $4 every

September 1, 2026

Business·Economy·Government and Politics·News

Venezuelan oil field infrastructure as Chevron nears heavy-oil production agreements, CVX stock August 28 2026

Chevron Just Had the Best Quarter in Its History. That Is Not Why the Stock Went Up.

Chevron closed at $201.86 on August 28, 2026, up 1.05% and worth $4.1 billion more by the bell. The quarter behind it was the strongest in company history. The money that moved

August 31, 2026

Business·Markets·News

Subject: Oil and Gas- Page 3

Brent Edges to $91.45 as EIA Reports Seventh Straight Crude Draw

Four Straight OPEC Demand Cuts, and Brent Still Settled at $91

Iran Fires Missiles at US Bases After CENTCOM Confirms Direct Strikes on Iranian Soil

OPEC+ Adds Supply for a Fifth Straight Month: Brent Won’t Move Below $91

The Market Priced a Ceasefire Nobody Declared — Iran Just Ended It

It’s Not Crude That’s Wrecking the Economy — It’s Diesel at $102

Bessent Says Strait of Hormuz Will Be ‘Worthless’ in Two Years as Oil Shifts to Land

Iran Says a Supertanker Is Burning in Hormuz. The US Says No Ship Was Hit.

The Pentagon Is Buying an Oil Company, and Your $4 Gas Is the Sales Pitch

Chevron Just Had the Best Quarter in Its History. That Is Not Why the Stock Went Up.

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

Latest Posts

Children for Sale, Organs for Profit: Russia Says Ukraine’s Black Transplant Market Has Reached Unprecedented Scale

IBM Falls to $228 as Warsh Puts a Price on Enterprise AI Patience

A Million People, No Higher Ground: Bangladesh’s Rohingya Camps and the Monsoon That Will Not End

Millions Refused the CPAP Mask. This Sleep Apnea Pill Just Entered FDA Review.

Subject: Oil and Gas- Page 3

Follow

Latest Posts