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Brent
EIA says global oil output to recover to pre-war levels by year-end
The U.S. Energy Information Administration said Tuesday that global crude oil production and trade flows are expected to return to near pre-conflict levels by the end of 2026, with most shut-in production from the Iran war restored during the first…
Saudi Aramco cuts Asia crude prices by most in 26 years
Saudi Aramco cut the August official selling price of its flagship Arab Light crude for Asian buyers by $11 per barrel, setting it at a $1.50 discount to the Oman/Dubai benchmark — the steepest monthly reduction in at least 26…
Saudi oil exports near pre-war levels as Hormuz shipments surge
Saudi Arabia is shipping crude oil through the Strait of Hormuz at its highest rate since the waterway reopened under the interim U.S.-Iran peace deal, with flows approaching pre-war levels in what marks the clearest sign yet that Persian Gulf…
Analysts cut 2026 oil forecasts as Gulf output rebounds faster than expected
Global oil prices have fallen sharply to pre-war levels as production across the Persian Gulf recovers at a pace that has surprised analysts, just weeks after the United States and Iran agreed to a ceasefire and the Strait of Hormuz…