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Friday 16 Oct 2026
23:13
News OilPrice.com — Energy news

Oil Prices Are Stuck at $105 as Geopolitical Risks Mount

Brent holds near $105 as Iranian tanker attacks and multiple geopolitical conflicts keep oil markets on edge. October 16, 2026 Oil prices have been relatively rangebound this week as the current modus operandi of frequent Hormuz transits and frequent Iranian drone attacks found a

06:00
News OilPrice.com — Energy news

The Diesel Crunch Will Persist Well into 2027

The recent rise in crude oil flows out of the Strait of Hormuz isn’t solving the world’s most pressing fuel problem—the diesel crunch and record diesel prices that start to feed into the wider economy. While Middle East crude oil flows are nearing pre-war levels, global diesel su

05:00
News OilPrice.com — Energy news

Exxon’s Oil Boom Could Keep Guyana’s Gas at Home

Guyana has turned into something of an oil celebrity with billions of barrels discovered by Exxon off the coast of the tiny South American country. With the oil riches came gas, too, and there were plans to add LNG to Guyana’s export goods. Yet now the government is considering k

02:30
News OilPrice.com — Energy news

Ukraine Strikes Major Russian Oil Refinery

The trading arm of China’s state-owned giant PetroChina is set to reap a record more than $3 billion (20 billion yuan) in trading profits this year as the Middle East crisis hiked crude prices and rattled global fuel markets and trade flows. PetroChina International (PCI), the tr

02:00
News OilPrice.com — Energy news

IEA Speeds Emergency Oil Release

Soaring prices of spot LNG supply amid the lack of Middle Eastern deliveries have pushed South Korea to rely more on coal-fired power generation in the coming winter, despite its pledge to shift away from fossil fuels. Like all other Asian importers, South Korea, the world’s thir

02:00
News OilPrice.com — Energy news

IEA Speeds Emergency Oil Release

Ukraine’s renewed attacks on Russian refineries are a “disgrace” and will only lead to higher prices, President Donald Trump has said in comments about the latest Ukrainian attack of a Rosneft facility in Ryazan. “All he’s doing is making the world oil price higher. Well, I think

Thursday 15 Oct 2026
04:43
News OilPrice.com — Energy news

US Crude Oil Inventories See Massive Drop Off

The World Bank needs profound reforms, including reversing a ban on upstream oil and gas financing, U.S. Treasury Secretary Scott Bessent said in a statement for the World Bank Development Committee and the IMF International Monetary and Financial Committee. The World Bank has ma

Wednesday 14 Oct 2026

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