Oil & Upstream

Crude oil, OPEC+, US shale and upstream energy market news and analysis for commodity traders.

Hormuz Oil Flows Reach 17 Million Barrels a Day as Goldman's Recovery Ceiling Gives Way

Strait of Hormuz 3 Sep

BP names interim chair as analysts warn investor trust hinges on permanent pick

Alberta Holds Fire on Crude Exports as Washington Locks Up Venezuelan Reserves

Venezuela 3 Sep

Wright Tells CNBC Hormuz Moved 17 Million Barrels on Tuesday, Above Latest Tracker Estimates

Strait of Hormuz 3 Sep

Iraq's Prime Minister Sets 10 Million Barrel Output Target, Reviving OPEC Quota Pressure

US Crude Exports Surge to Fill Hormuz Gap as Ceasefire Holds Unevenly

Strait of Hormuz 3 Sep

Crude retreats from $100 but U.S. core inflation shows little sign of following

United States 3 Sep

EIA Crude Draw Four Times Consensus Extends Hormuz Supply Squeeze as ICE Brent Tops $95

Trump Presses US Refiners for More Output as Midwest Plants Hit Capacity Ceiling

United States 3 Sep

Bloomberg Projects US SPR Will Fall to 245 Million Barrels by Midterms, Import Cover at 14 Weeks

US Strategic Petroleum Reserve 2 Sep

ONGC Moves to Revive Venezuelan Output as U.S. Seeks 100-Year Field Lease

Venezuela 2 Sep

Venezuela Talks Stall as Chevron's Capital Flows to Guyana

OPEC+ Quota Increases Outrun Physical Output as Hormuz Closure Holds Gulf Barrels Off Market

Strait of Hormuz 2 Sep

Quaise raises $134M for Oregon superhot well as JERA and Idemitsu circle Japan potential

Chevron Commits $7 Billion to Venezuelan Output Push in Largest U.S. Oil Bet There in Years

India's fuel-price freeze reaches its stated limit as Brent touches $95.59

Paladin Energy Targets Asian Uranium Buyers as Sector Pressure Tests Its 42% Growth Forecast

Russia imports Indian gasoline as refinery strikes cut seaborne exports by half

Trump Claims Biggest Oil Deal in History but Venezuela's Output Gap Undermines the Case

Venezuela 2 Sep

Capricorn Shareholders Back Genel Deal as DNO Pursues £202m Rival Bid

Questions Mount Over Betancourt's Past as Trump Touts Venezuela Oil Deal

Venezuela 2 Sep

Venezuela Weighs OPEC Exit as OPEC+ Grip on Global Supply Weakens to Four-Decade Low

Oil Trade Crowding Intensifies as Hedge Funds Hit Biggest Energy Overweight Since June 2024

Saudi Arabia Moves to Displace 1 Million Barrels Per Day of Domestic Liquid Fuel Before 2030

Saudi Arabia 2 Sep

Brent at $94.96 as US-Iran Strikes and Hormuz Standoff Persist into September

IEA Report Splits Uranium Demand by Reactor Type as Spot Prices Near Seven-Month Highs

Sasol FY2026 20-F: Risk Factor Weighting Flags GTL Feedstock Pressure and Mozambique PSA Execution as the Live Positions

Foreign Policy Analysis Cuts Venezuela's Recoverable Oil Estimate to 20 Billion Barrels

Venezuela 2 Sep

Canberra Locks In More Diesel Supply Without Reforming A$11 Billion Annual Subsidy

Australia 2 Sep

China's EV Fleet and Emerging-Market Demand Shift the Hormuz Oil Calculus

Strait of Hormuz 2 Sep

August Brent Consensus at $85 Trails Traded Price by $10 as Hormuz Disruptions Hold

BritEnergy Buys Permian Wells as UK Loses Third Oil Producer to US

United Kingdom 2 Sep

Venezuela's Oil Headlines Are Doing Less Work Than Hormuz

Strait of Hormuz 1 Sep

Weak Asian crude imports challenge the case for Brent's Hormuz premium

Asian Refiners Ask Aramco to Redirect Saudi Crude Pickups to Egypt's Mediterranean Coast

Saudi Aramco 1 Sep

ICE Brent Bounces as Fuel Product Markets Signal a Deeper Supply Problem Than Crude Prices Show

Trump Threats and Hormuz Uncertainty Push ICE Brent to $91

Trump's Venezuelan Oil Deal Won't Bring Down U.S. Gasoline Prices

Venezuela 1 Sep

Brent sustains $91 war premium as Gulf oil backlog and product weakness complicate the bull case

Venezuela's $209 Billion Oil Deal Arithmetic Doesn't Add Up for Traders

Venezuela 1 Sep

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