Brent crude oil futures fell $1.54, or 1.7%, to $87.44 a barrel. U.S. West Texas Intermediate (WTI) crude futures declined $1.61, or 1.9%, to $81.66 a barrel.
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Totsa, the trading arm of TotalEnergies, is offering Iraqi crude for loading outside the Strait of Hormuz, three traders said on Thursday, as continued disruption to shipping through the waterway deters buyers from lifting cargoes at Iraq's Basrah terminals.
Iran’s crude oil production rose by 26,000 barrels per day in July 2026, reaching 2.478 million barrels per day and maintaining the country’s position as OPEC’s second-largest producer after Saudi Arabia, according to the organization’s latest monthly oil market report.
Brent crude futures rose 17 cents, or 0.2%, to $89.08 a barrel. U.S. West Texas Intermediate (WTI) crude rose 20 cents, or 0.2%, to $83.40 a barrel.
Global oil supply will fall by 4.3 million barrels per day, or around 4%, this year, the International Energy Agency said in its monthly oil market report on Wednesday, as renewed hostilities in the Middle East are set to plunge the world deeper into an oil-market deficit.
Brent crude futures fell 50 cents, or 0.57%, to $87.22 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped 36 cents, or 0.44%, to $81.77 a barrel.
The Tehran Oil Refinery is pursuing a strategy to expand its export-oriented product portfolio, develop new businesses and complete its value chain by transitioning into a petro-refinery, its CEO said Monday.
Brent crude futures rose $1.40, or 1.7%, to $84.95 a barrel. U.S. West Texas Intermediate (WTI) crude futures gained $1.33, or 1.7%, to $79.51 a barrel.
The CEO of the National Iranian South Oilfields Company said 13 downhole pumps were installed during the first four months of the current year, with plans to install 40 by year-end.
Firefighters extinguished a fire that broke out early on Sunday at a facility at Aramco's Jazan refinery in southwestern Saudi Arabia, the Saudi Energy Ministry said, adding that there were no injuries.
The United Arab Emirates on Saturday condemned what it said was an Iranian attack on a carrier linked to its state oil company as it passed through the Strait of Hormuz, accusing Tehran of "acts of piracy".
The CEO of the National Iranian Oil Products Refining and Distribution Company underscored the strategic role of the Abadan Refinery in ensuring a stable fuel supply and accelerating development projects during a visit to the southern city.
Brent crude futures rose 80 cents, or 0.97%, to $83.29 a barrel. U.S. West Texas Intermediate (WTI) futures gained 64 cents, or 0.83%, to settle at $77.93 a barrel.
U.S. crude oil imports from Saudi Arabia fell to zero in July, marking the first time since 1985 that the United States has not imported Saudi crude, following disruptions to the kingdom’s oil exports and escalating tensions in the Persian Gulf.
Brent crude futures rose 46 cents, or 0.58%, to $79.91 a barrel. U.S. West Texas Intermediate (WTI) futures gained 36 cents, or 0.48%, to $75.58 a barrel.
Persian Gulf countries' crude oil and condensate exports were largely steady in July and remained about 40% below pre-war levels, shipping data showed, with signs of a slowdown emerging in the second half of the month as fighting in the region intensified again.
Iran has finished construction on the final two processing trains of its Central Treatment and Export Processing (CTEP) unit at the South Azadegan oil field, bringing the country's largest crude processing facility to the brink of full operation, oil officials said.
Brent crude futures fell 92 cents, or about 1.2%, to $78.44 a barrel. U.S. West Texas Intermediate (WTI) futures dropped $1.07, or 1.4%, to $74.70 a barrel.
The head of the National Iranian Oil Refining and Distribution Company (NIORDC) stressed the need to speed up strategic reconstruction projects at damaged oil facilities to ensure steady fuel supplies, particularly to Tehran and the country's northern provinces.
Brent crude futures rose $1.12, or 1.3 percent, to settle at $84.89 a barrel. U.S. West Texas Intermediate (WTI) crude futures gained 77 cents, or 1 percent, to reach $81.11 a barrel.