Saudi Arabia and Iran are both accelerating oil exports, adding barrels to global markets at a time when the US is deploying military assets in the Middle East, creating uncertainty about future supply.
Saudi Arabia and Iran are both accelerating oil exports, adding barrels to global markets at a time when the US is deploying military assets in the Middle East, creating uncertainty about future supply.
Oil tankers around Iran’s Kharg Island oil terminal on Feb. 20, 2026. Tankers circled in bold were unmoved from Feb. 15. Tankers with a cross through have departed since Feb. 15.
Saudi Arabia is on course to ship the most oil from its ports in almost three years this month, bringing supply to the global market at a time when crude traders are monitoring US-Iran tensions.
Saudi Arabia is on course to ship the most oil from its ports in almost three years this month, bringing supply to the global market at a time when crude traders are monitoring US-Iran tensions.
Processing facilities in the Khurais oil field in Khurais, Saudi Arabia.
Chinese refiners are snapping up Russian oil that India is shunning, helping Moscow to overcome a dip in purchases by the country that’s normally its biggest buyer of seaborne barrels.
Chinese refiners are snapping up Russian oil that India is shunning, helping Moscow to overcome a dip in purchases by the country that’s normally its biggest buyer of seaborne barrels.
Deliveries of Russian crude to Chinese ports rose to 2.09 million barrels a day in the first 18 days of February. Photographer: Qilai Shen/Bloomberg
Kazakhstan was able to divert only a small fraction of the crude it could not ship through the CPC pipeline to the Black Sea in January, contributing to a sharp drop in production.
Kazakhstan was able to divert only a small fraction of the crude it could not ship through the CPC pipeline to the Black Sea in January, contributing to a sharp drop in production.
US forces boarded an oil tanker after a cat-and-mouse chase from the Caribbean to the Indian Ocean, the Pentagon said, as Washington expands its geographic scope in an ongoing crackdown on a global shadow fleet used to export sanctioned crude.
US forces boarded an oil tanker after a cat-and-mouse chase from the Caribbean to the Indian Ocean, the Pentagon said, as Washington expands its geographic scope in an ongoing crackdown on a global shadow fleet used to export sanctioned crude.
OPEC’s crude output declined last month as turmoil curbed Venezuela’s exports while other members began a three-month production freeze, a Bloomberg survey showed.
OPEC’s crude output declined last month as turmoil curbed Venezuela’s exports while other members began a three-month production freeze, a Bloomberg survey showed.
Cracking towers at a refinery in Bandar Abbas, Iran.
Iran’s government has said it will “defend itself and respond like never before” after US President Donald Trump threatened to attack the country if it doesn’t do a deal on its nuclear program. One way Tehran could retaliate would be to block or effectively close the Strait of Hormuz to shipping.
Iran’s government has said it will “defend itself and respond like never before” after US President Donald Trump threatened to attack the country if it doesn’t do a deal on its nuclear program. One way Tehran could retaliate would be to block or effectively close the Strait of Hormuz to shipping.
France’s navy boarded an oil tanker coming from Russia into the Mediterranean Sea, as part of a global crackdown on shadow fleet ships used to export sanctioned crude.
France’s navy boarded an oil tanker coming from Russia into the Mediterranean Sea, as part of a global crackdown on shadow fleet ships used to export sanctioned crude.
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