Oil tanks US commercial oil inventories rose slightly during the week ending August 21, according to data released Wednesday by the US Energy Information Administration (EIA), while derivatives stockpiles moved down. This is the fourth successive rise in the US crude stockpile. However, it is below the US Petroleum Institute’s estimates of a rise by
US crude oil inventories inch higher, gasoline down Read More »
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Iran and Oman prepare Hormuz deal as U.S. holds back on secondary sanctions Read More »
Oil prices reversed course to settle higher on Friday, with crude posting a second consecutive weekly gain amid uncertainty over the reopening of the Strait of Hormuz after US President Donald Trump threatened economic sanctions against Iran and its trading partners. Iran, meanwhile, warned on Friday that its response to any new US threats would
Oil prices rise, boosts weekly gains to over 6% Read More »
The Inter-American Development Bank (IDB) says the outlook for Guyana is still highly uncertain, given persistent geopolitical tensions that continue to push up international oil prices. “Although Guyana transitioned to become a net oil exporter in 2019, the country still produces 90 per cent of its energy from imported oil. As a result, electricity and
IDB says persistent geopolitical tensions affecting Guyana’s outlook Read More »
By Julianne Geiger – Aug 20, 2026, 4:30 PM CDT Washington is tightening the screws on Iran and loosening the rules on gasoline at the same time as Americans are paying more than $4 a gallon. The Environmental Protection Agency on Thursday authorized an early switch to cheaper winter-grade gasoline, allowing sales of gasoline blended
Washington Eases Gasoline Rules as Iran Pressure Campaign Jolts Fuel Costs Read More »
Crude oil prices rose Monday as Iran ruled out talks to extend the memorandum of understanding with the U.S. A senior Iranian official told Reuters, meawhile, that Tehran would shift to offense rather than relying on defense if diplomacy with the U.S. fails. U.S. crude oil futures rose 2.8% to $84.70 per barrel. Brent crude,
Oil prices rise as Iran rules out interim deal extension, threatens to escalate conflict Read More »
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Here’s the real reason oil prices aren’t moving higher Read More »
Oil drilling rigs Oil prices edged higher during trading today, Aug. 14, supported by US threats to impose an indefinite naval blockade on Iran, renewing concerns over crude supplies. The two oil benchmarks are on track for weekly gains of around 4%, despite falling more than 2% in the previous session, according to Reuters. In
Oil prices edge higher, set for weekly gains Read More »
The United States has reportedly shifted its primary objective in the Iran conflict to focus on securing cheaper oil for Americans, according to a statement by Vice President JD Vance. This marks a significant change in U.S. policy, which previously emphasized preventing Iran from acquiring nuclear weapons. The shift comes amid ongoing tensions and disruptions
US shifts Iran war focus to prioritize cheaper oil for Americans Read More »
Vice President JD Vance said Thursday that the top US priority in the Iran war was keeping oil and gasoline prices low for Americans, with preventing Tehran from acquiring a nuclear weapon ranking second. The remarks constrasted with President Donald Trump’s repeated framing of the fight: that entering the war had the sole objective of
Vance says low oil prices are top US goal in Iran conflict Read More »
