oil

Saudi Aramco cut November crude prices for Asian buyers to their lowest levels in six years, as record freight costs and regional disruptions reshape oil flows

Middle East crude exports climbed above pre-war levels on several days in late September, even as tanker attacks intensified in and around the Strait of Hormuz

The G7 reaffirmed its commitment not to impose restrictions on energy and energy-product exports between member countries and called on other producers to avoid bans that could add to market tensions

The crude oil tanker was struck on its port side four nautical miles east of Oman on October 3, with all crew reported safe

The latest tally includes cargo transits via the Strait of Hormuz, including ship-to-ship transfers in the Gulf of Oman

America’s Strategic Petroleum Reserve has fallen to 293.4mn barrels as Washington draws down emergency stocks

Salvage crews are racing to contain an oil spill from the grounded Caroline Bezengi tanker after Russian crude spread around an Omani marine reserve and reached the country’s coastline

ADNOC says 15 of its vessels have been attacked by missiles and drones in the Strait of Hormuz since the conflict began, killing one crew member and injuring 20 others

Oil prices fell more than 5 per cent on Monday after US President Donald Trump paused plans for a fresh strike on Iran

Morgan Stanley said it now models an implied global oil market surplus of 4.8 million barrels per day in 2027