ANZ raised its 2026 Brent forecast to above $90/bbl, citing 10 million bpd of war-related supply losses and the ongoing U.S.

BP expects an exceptional Q1 2026 oil trading result as Middle East war-driven volatility boosts margins, while Shell also signals significantly higher trading profits.

HSBC Chairman Brendan Nelson says a U.S.-Iran peace deal is critical to restoring global energy flows as the Strait of Hormuz ...

China’s March energy imports fell as Middle East shipping disruptions and higher Saudi prices squeezed supply.

China’s independent refiners are relying on large volumes of Iranian crude stored on tankers to cushion the impact of the U.S ...

A sanctioned Chinese-linked tanker successfully transited the Strait of Hormuz, underscoring the limited scope of the U.S.

BP said first-quarter 2026 results will be shaped by volatile energy markets, highlighting exceptionally strong oil trading ...

The Iran war is triggering a global energy and supply chain crisis, disrupting key chokepoints like the Strait of Hormuz and ...

Chevron has agreed to an asset swap with Venezuela’s state oil company PDVSA to consolidate its position in key heavy oil ...

For now, traders appear to be balancing structural tightness against fragile diplomatic optimism, with oil futures lower and ...

Petrobras has confirmed a hydrocarbon discovery in a deepwater pre-salt well in Brazil’s Campos Basin, reinforcing its ...

Saudi Arabia is urging the United States to ease its blockade on Iranian ports amid fears that escalation could trigger ...