Aramco's chief said the oil stockpile buffer is nearly exhausted and rebuilding it may take up to two years, underscoring the market's thin cushion after the St

G7 leaders approved a coordinated 100 million barrel release through the IEA, but the details, including diesel volumes, are still being finalized as markets qu

Crude steadied around $100 a barrel as recovering Gulf exports offset lingering tanker attack risks and record freight costs in the Strait of Hormuz.

The head of the world's largest independent oil trader said the Iran conflict has drained Western oil stockpiles, reinforcing concerns about thin global buffers

Chevron's chief executive flagged depleted spare capacity and spiking physical crude prices, adding to executive warnings about a tight global oil market.

Falling oil prices and retreating Treasury yields lifted equities, with the S&P 500 and Nasdaq posting record closes as focus shifted to earnings.

The deployment of a second US carrier group underscored the military dimension of the Hormuz standoff, with oil and gas prices firming on supply threat.

Shell's chief executive said Gulf crude flows have largely normalized, easing some supply fears even as shipping risks persist.

Top Gulf oil executives urged external investment in bypass routes and storage outside the region as they work around the disrupted Strait of Hormuz.

With attacks on tankers rising and freight costs up fivefold, questions grow over how long the recent increase in Gulf oil shipments can last.

The conditional loan supports nuclear plants with agreements to power large technology companies, tying federal energy financing to data center demand.

The EIA lifted its crude price outlook amid the ongoing US-Iran conflict, while forecasting lower winter heating costs for gas and propane-heated US homes.

The API reported a 2.09 million barrel draw in US crude stocks for the week ending Oct 2, ahead of official EIA data.

Retail fuel costs reached multi-year highs, with Trump blaming refinery disruptions and Democrats rather than the Iran conflict for the surge.

Analysts argued the coordinated reserve release cannot resolve structural fuel market tightness as the global oil cushion shrinks.

A developing Gulf weather system could disrupt a large share of US refining capacity, adding to product market tightness.

Iraq is adding tankers to gain greater control over crude movements through the contested strait, while its refiners' customers turn to Iraqi barrels.

The trading house's rebrand and upstream gas acquisition signal continued consolidation and vertical integration in natural gas markets.