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The Latest Breaking News from IEA

Six months into Hormuz blockade, Qatar and UAE test ways to keep LNG moving

LNG exporters are looking for ways around the disruption in Hormuz, with three Gulf cargoes recently moved using ship-to-ship transfers (STS) as Qatar and UAE exports remain far below pre-war levels.

Euronews

Carbon credit financing emerges as Africa’s biggest bet for expanding clean cooking

Carbon credit financing is helping to drive Africa’s clean cooking transition by making cleaner stoves affordable for millions of low-income households

The Independent UK

Air conditioners are our best bet in the fight against extreme heat – whether we like it or not

Global AC demand will inevitably accelerate as the world continues to warm amid the climate crisis

The Guardian - US

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Fears of an Extended US-Iran Conflict Boost Crude Oil Prices

October WTI crude oil (CLV26 ) is up +0.43 (+0.48%) today, and October RBOB gasoline (RBV26 ) is up +0.0126 (+0.40%). Crude oil and gasoline prices are moving higher today, with crude oil posting a fresh 6-week high. Crude has support as hostilities escalated between the US and Iran, raising...

Barchart

Crude Prices Surge on Escalation of US-Iran Hostilities

October WTI crude oil (CLV26 ) closed up +4.46 (+5.20%) on Tuesday, and October RBOB gasoline (RBV26 ) closed up +0.0581 (+1.89%). Crude oil and gasoline prices surged on Tuesday, with crude oil posting a 6-week high. Crude prices rallied sharply on escalation of hostilities between the US and Iran,...

Barchart

Crude Rallies on Concern of Prolonged Disruption to Middle East Oil Supplies

October WTI crude oil (CLV26 ) is up +1.99 (+2.32%) today, and October RBOB gasoline (RBV26 ) is up +0.0153 (+0.50%). Crude oil and gasoline prices are sharply higher for a second day today, with crude oil posting a 6-week high. Crude prices are supported as fresh hostilities between the...

Barchart

The Americas' oil bonanza will outlast the Iran conflict

The Iran war and closure of the Strait of Hormuz are reshaping global oil trade, with producers across the Americas gaining market share from the Middle East. Crude exports from the region have hit record levels as Asian buyers prioritise supply security despite higher shipping costs.

The Economic Times

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Renewed US-Iran Hostilities Push Crude Prices Higher

October WTI crude oil (CLV26 ) closed up +2.36 (+2.83%) on Monday, and October RBOB gasoline (RBV26 ) closed up +0.0268 (+0.88%). Crude oil and gasoline prices moved sharply higher on Monday, with crude climbing to a 1-week high. Renewed tensions in the Middle East boosted crude prices on Monday...

Barchart

Crude Prices Jump as the US and Iran Exchange Attacks

October WTI crude oil (CLV26 ) is up +1.82 (+2.18%) today, and October RBOB gasoline (RBV26 ) is up +0.0122 (+0.40%). Crude oil and gasoline prices are moving higher today, with crude climbing to a 1-week high. Renewed tensions in the Middle East are boosting crude prices today after the...

Barchart

Keeping cool saves thousands of lives yearly, but at a cost of worsening global warming, experts say

A new study highlights the life-saving role of air conditioning

The Independent UK

Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices

October WTI crude oil (CLV26 ) closed down -0.13 (-0.16%) on Friday, and October RBOB gasoline (RBV26 ) closed up +0.0598 (+2.00%). Crude oil and gasoline prices settled mixed on Friday. Crude prices posted modest losses on Friday after the dollar index ($DXY ) rallied to a 2-week high. Also,...

Barchart

Crude Prices Slip as More Oil Flows Through the Strait of Hormuz

October WTI crude oil (CLV26 ) is down -0.35 (-0.42%) today, and October RBOB gasoline (RBV26 ) is up +0.0510 (+1.71%). Crude oil and gasoline prices are mixed today. Crude prices are under pressure from today’s rally in the dollar index ($DXY ) to a 1-week high. Also, signs of...

Barchart

Crude Oil Settles Higher on Diplomacy Doubts to End US-Iran War

October WTI crude oil (CLV26 ) closed up +1.30 (+1.58%) on Thursday, and October RBOB gasoline (RBV26 ) closed up +0.0298 (+1.01%). Crude oil and gasoline prices settled higher on Thursday. Crude prices rallied Thursday after a Wall Street Journal report said the US has no interest in returning to...

Barchart

Crude Oil Prices Pressured as Middle East Crude Supplies Increase

October WTI crude oil (CLV26 ) is down -0.09 (-0.11%) today, and October RBOB gasoline (RBV26 ) is up +0.0079 (+0.27%). Crude oil and gasoline prices are mixed today. Dollar strength is weighing on crude prices today after the dollar index rose to a 1-week high. Crude is also under...

Barchart

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Barchart

Crude Oil Prices Slip on Hopes Strait of Hormuz to Reopen

October WTI crude oil (CLV26 ) closed down -0.13 (-0.16%) on Wednesday, and October RBOB gasoline (RBV26 ) closed up +0.0309 (+1.05%). Crude oil and gasoline prices settled mixed on Wednesday, with crude oil falling to a 1.5-week low. Crude prices fell slightly on Wednesday, adding to this week’s losses,...

Barchart

Crude Oil Prices Slightly Lower on the Push to Reopen Strait of Hormuz

October WTI crude oil (CLV26 ) is down -0.04 (-0.05%) today, and October RBOB gasoline (RBV26 ) is up +0.04043 (+1.38%). Crude oil and gasoline prices are mixed today, with crude oil falling to a 1.5-week low. Crude prices are slightly lower today, adding to this week’s losses, as Iran...

Barchart

Crude Oil Prices Sharply Lower as Middle East Hostilities Subside

October WTI crude oil (CLV26 ) closed down -2.65 (-3.12%) on Tuesday, and October RBOB gasoline (RBV26 ) closed down -0.0391 (-1.32%). Crude oil and gasoline prices settled sharply lower for a second day on Tuesday, falling to 1-week lows. Crude prices came under pressure on Tuesday after a news...

Barchart

Crude Prices Tumble on Signs of Easing US-Iran Hostilities

October WTI crude oil (CLV26 ) is down -2.55 (-3.00%) today, and October RBOB gasoline (RBV26 ) is down -0.0183 (-0.62%). Crude oil and gasoline prices added to Monday’s sharp losses, falling to 1-week lows today after a news report said the US would be returning diplomats to Middle East...

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Barchart

Crude Prices Sharply Lower as Oil Supplies Move Through Strait of Hormuz

October WTI crude oil (CLV26 ) closed down -2.05 (-2.35%) on Monday, and October RBOB gasoline (RBV26 ) closed down -0.0780 (-2.56%). Crude oil and gasoline prices settled sharply lower on Monday on signs that crude supplies are moving through the Strait of Hormuz. Also, Monday’s dollar strength weighed on...

Barchart

Crude Prices Fall as Oil Supplies Move Through the Strait of Hormuz

October WTI crude oil (CLV26 ) is down -2.06 (-2.35%) today, and October RBOB gasoline (RBV26 ) is down -0.0820 (-2.69%). Crude oil and gasoline prices are under pressure today from a stronger dollar. Also, signs that crude supplies are moving through the Strait of Hormuz are undercutting oil prices....

The Economic Times

US refiners face historic stress test as global crisis looms

US refineries are running near maximum capacity to fill global fuel shortages caused by the Iran war and disruptions in Russia. While this has delivered record profits, prolonged high utilisation raises the risk of equipment failures that could deepen the global fuel crisis.

Barchart

Crude Oil Prices Consolidate Below Thursday’s 1-Month High

October WTI crude oil (CLV26 ) is down -0.14 (-0.16%) today, and October RBOB gasoline (RBV26 ) is up +0.0540 (+1.79%). Crude oil and gasoline prices are mixed today, with gasoline climbing to a 3.5-week high. Crude prices are under mild pressure today as they consolidate below Thursday’s 1-month high....

Barchart

Crude Oil Prices Rally as President Trump Escalates Pressure on Iran

September WTI crude oil (CLU26) closed up +2.00 (+2.33%) on Thursday, and September RBOB gasoline (RBU26) closed up +0.0078 (+0.24%). Crude oil and gasoline prices settled higher on Thursday, with crude oil climbing to a 1-month high. Crude prices rose after President Trump threatened to crush Iran’s economy, dampening any...

Barchart

Crude Oil Prices Jump as Hopes Dim of Reopening the Strait of Hormuz

September WTI crude oil (CLU26) is up +2.03 (+2.37%) today, and September RBOB gasoline (RBU26) is up +0.0008 (+0.02%). Crude oil and gasoline prices are moving higher today, with crude oil climbing to a 1-month high. Crude prices are rising after President Trump threatened to crush Iran’s economy, dampening any...

Barchart

Heightened Middle East Tensions Boost Crude Oil Prices

September WTI crude oil (CLU26) closed up +0.89 (+1.05%) on Wednesday, and September RBOB gasoline (RBU26) closed down -0.0466 (-1.41%). Crude oil and gasoline prices settled mixed on Wednesday, with crude oil posting a 4-week high. Wednesday’s sharp decline in the dollar index ($DXY ) to a 2.5-month low was...

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