Oil rallied as traders braced for any escalation to US-Iran tensions heading into the weekend after President Donald Trump signaled he was “not happy” with negotiations aimed at averting an imminent US attack.
Oil rallied as traders braced for any escalation to US-Iran tensions heading into the weekend after President Donald Trump signaled he was “not happy” with negotiations aimed at averting an imminent US attack.
Liberty Lift Solutions LLC pumpjacks near Crane, Texas, US, on Saturday, March 15, 2025. The Permian Basin, a sprawling shale patch that lies beneath Texas and New Mexico, is North America's most prolific shale patch. Photographer: Justin Hamel/Bloomberg
A tanker carrying diesel from India has moored in Europe’s largest port, a notable arrival after some traders had expressed caution about falling foul of new sanctions on buying fuel made from Russian crude.
A tanker carrying diesel from India has moored in Europe’s largest port, a notable arrival after some traders had expressed caution about falling foul of new sanctions on buying fuel made from Russian crude.
Oil held near a six-month high after US President Donald Trump said he’s mulling a limited military strike on Iran and forces gather in the Middle East, warning Tehran had 15 days at most to reach a deal over its nuclear program.
Oil held near a six-month high after US President Donald Trump said he’s mulling a limited military strike on Iran and forces gather in the Middle East, warning Tehran had 15 days at most to reach a deal over its nuclear program.
A pump jack near Imperial, Texas, US, on Sunday, Aug. 24, 2025. The problem of too much wastewater is spreading across America’s biggest oil field, posing a pressing threat to a basin that has grown into a cornerstone of global markets and is critical to President Donald Trump’s push for energy dominance. Photographer: Mark Felix/Bloomberg
Commodity trader Alkagesta will start delivering aviation fuel through one of Europe’s most important energy pipeline networks as part of a supply agreement.
Commodity trader Alkagesta will start delivering aviation fuel through one of Europe’s most important energy pipeline networks as part of a supply agreement.
Traders are shipping Venezuelan oil to Israel for the first time in years as the Latin American country’s exports open up following the capture of its president Nicolas Maduro.
Traders are shipping Venezuelan oil to Israel for the first time in years as the Latin American country’s exports open up following the capture of its president Nicolas Maduro.
This view shows a ship on Lake Maracaibo in Maracaibo, Venezuela, on Feb. 1, 2026. Photographer: Maryorin Mendez/AFP/Getty Images
US diesel futures are surging ahead of benchmark European contracts as a winter storm, followed by continued frigid temperatures, piles pressure on the country’s fuel market.
US diesel futures are surging ahead of benchmark European contracts as a winter storm, followed by continued frigid temperatures, piles pressure on the country’s fuel market.
A gas flare at the ExxonMobil Corp. Baytown refinery in Baytown, Texas on Jan. 26.
Italian energy major Eni SpA has held talks with Mercuria Energy Group over a potential partnership in commodity trading, according to people familiar with the matter.
Italian energy major Eni SpA has held talks with Mercuria Energy Group over a potential partnership in commodity trading, according to people familiar with the matter.
The forecourt at a closed Eni SpA gas station during a strike by fuel station operators in Rome, Italy, on Wednesday, Jan. 25, 2023. Fuel pumps across the country shut down Tuesday evening as operators protest government measures aimed at reducing alleged price gouging that they say is inexistent.
Oil rose as traders factored in the possibility of US military action in Iran that could upend supplies from one of OPEC’s leading producers, and a massive winter storm in the US pushing up the price of refined products.
Oil rose as traders factored in the possibility of US military action in Iran that could upend supplies from one of OPEC’s leading producers, and a massive winter storm in the US pushing up the price of refined products.
A refinery in Houston, Texas. Photographer: Mark Felix/Bloomberg
The European Union’s ban on the import of fuels made from Russian crude has put some traders on edge as the bloc’s curbs enter into force — a reminder of the potential for blowback from regulations that are designed to hurt Moscow.
The European Union’s ban on the import of fuels made from Russian crude has put some traders on edge as the bloc’s curbs enter into force — a reminder of the potential for blowback from regulations that are designed to hurt Moscow.
Railway wagons carrying liquefied petroleum gas (LPG) and stable natural gasoline stand at sidings near the new ZapSibNeftekhim plant, operated by Sibur Holding PJSC, in Tobolsk, Russia, on Thursday, Jan. 24, 2019. ZapSibNeftekhim is set to become the largest modern petrochemical facility in Russia.
Oil recovered from earlier losses to trade little changed as the market weighed the fallout from US President Donald Trump’s threat to annex Greenland, while tensions over Iran cooled.
Oil recovered from earlier losses to trade little changed as the market weighed the fallout from US President Donald Trump’s threat to annex Greenland, while tensions over Iran cooled.
Oil pump jacks at the New Harmony Oil Field in Grayville, Illinois.
Weak oil prices are making it harder for the shipping industry to decarbonize, according to the president of commodities giant Cargill Inc.’s freight-trading business.
Weak oil prices are making it harder for the shipping industry to decarbonize, according to the president of commodities giant Cargill Inc.’s freight-trading business.
While benchmark oil futures have largely shrugged off Nicolas Maduro’s downfall, the former Venezuelan leader’s ouster has reverberated through some of the less well-known corners of the market.
While benchmark oil futures have largely shrugged off Nicolas Maduro’s downfall, the former Venezuelan leader’s ouster has reverberated through some of the less well-known corners of the market.
Oil rigs on Lake Maracaibo in Cabimas, Zulia state, Venezuela.
Recent strength in Europe’s fuel markets is starting to fade, eroding oil refiners’ margins and taking away a supportive factor for crude prices as the year draws to a close.
Recent strength in Europe’s fuel markets is starting to fade, eroding oil refiners’ margins and taking away a supportive factor for crude prices as the year draws to a close.
One of the world’s main companies for setting benchmark prices of physical commodities said it will start to ignore fuel that’s made from Russian crude when making its assessments.
One of the world’s main companies for setting benchmark prices of physical commodities said it will start to ignore fuel that’s made from Russian crude when making its assessments.
The impounded Iranian crude oil tanker, Grace 1, is silhouetted as it sits anchored off the coast of Gibraltar, on Saturday, July 20, 2019. Tensions have flared in the Strait of Hormuz in recent weeks as Iran resists U.S. sanctions that are crippling its oil exports and lashes out after the seizure on July 4 of one of its ships near Gibraltar. Photographer: Marcelo del Pozo/Bloomberg
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