Global Oil Prices Fall from 6-Month High

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oil pricesgeopoliticsSaudi ArabiaPVDVJC

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• Oil is now flowing out of the Persian Gulf like before the Iran war. Why prices may still not come down anytime soon.MarketWatch·21/10, 21:14▼ VJC• BSR• PVD• PVToil pricesIrangeopolitics
• Oil falls as investors assess Mideast tensions, International Energy Agency's report

  Oil fell Thursday as traders weighed supply risks from attacks on ships in the Strait of Hormuz and the IEA's latest monthly report. Brent for December delivery dropped 1.66% to $104.31 a barrel and WTI for November fell 1.09% to $94.05. A Singapore-registered ship was sunk in the strait, raising fears of a prolonged Mideast conflict, and Iran said it is “counting the moments” until it can strike U.S. warships. The IEA warned diesel constraints could last into next year, and fresh attacks on Saudi Arabia threaten to derail the supply recovery. Reuters reported the Trump administration is considering easing sanctions on “shadow fleet” vessels to help lower prices, while analyst Firas Bechwaty of ICM said US-Iran diplomacy has made little progress toward reopening the waterway, though accelerated IEA emergency stock releases are cushioning prices.

  CNBC·15/10, 04:09▼ PVD▼ PVT▲ USD/CADoil pricesgeopoliticsPVD
• Crude Prices Rally as Middle East Hostilities Disrupt Energy Supplies

  November WTI crude (CLX26) closed up 0.95 (+1.01%) on Wednesday, while November RBOB gasoline (RBX26) rose 0.094 (+0.29%). The rally in both extended through the week, with crude reaching a 2-week high. Escalating hostilities in the Middle East are disrupting energy supplies in the region.

  Yahoo Finance·14/10, 19:16▼ PLX▲ PVD▲ XAU/USD• PVToil pricesgeopoliticsMiddle East
• Oil prices rise as Houthi attacks on Saudi Arabian refinery raise supply worries

  Oil prices rose on Wednesday as investors weighed a possibly prolonged and widening Middle East conflict after Tehran-backed Houthis attacked Saudi Arabia's largest refinery, Ras Tanura, with a ballistic missile. Brent rose $1.50, or 1.32%, to $115.59 a barrel, while WTI gained $1.47, or 1.47%, to $101.37. President Trump said the war with Iran would end on his terms and that Tehran must be prevented from acquiring nuclear weapons. Israel's election also appeared headed for a stalemate, as preliminary exit polls showed neither bloc reaching the 61 seats needed in the 120-seat parliament.

  CNBC·28/10, 05:52▲ PVD▼ PLX▲ PVT▲ XAU/USDoil pricesIranSaudi Arabia
• Houthis attack Saudi Arabia's largest oil refinery

  Yemen's Houthi forces claimed ballistic missiles hit the Ras Tanura refinery, Saudi Arabia's largest with capacity of 550,000 barrels per day, and spokesman Yahya Saree said the attack caused a fire. Nearly all of Saudi Arabia's oil exports are shipped through Ras Tanura and the Red Sea port of Yanbu, and Bloomberg, citing sources, said the fire near the Ras Tanura export port had been contained. The Houthis also claimed attacks on military transport planes at Najran airport, an air base in Khamis Mushait, the defense ministry in Riyadh and Abha airport, though Saudi Arabia has not confirmed them. On October 27, debris from intercepting two ballistic missiles over Riyadh damaged a building, a construction site and a car, and the Saudi-led coalition said it destroyed the missiles. The fighting has broken the UN-brokered 2022 ceasefire, and Saudi Arabia, Turkey and Pakistan recently met Iranian officials in Tehran to ease tensions.

  CafeF·28/10, 05:34▲ XAU/USD▲ PVD▲ PVT▼ VNINDEXgeopoliticsoil pricesSaudi Arabia
• Oil prices edge lower

  Crude oil prices edged lower on October 26 as Saudi Arabia's Defense Minister held talks with Iranian leaders in Tehran aimed at easing tensions. Brent fell $0.91 to $115.81 a barrel after briefly topping $117, while U.S. WTI dropped $1.51 to $101.76 a barrel, and prices have risen about 12% since the start of the month. The talks came as Yemen's Houthis, Iran's allies, repeatedly attacked Saudi Arabia, raising concerns about supply disruptions as global inventories have fallen sharply after eight months of conflict. Michael Alfaro of Gallo Partners said the real challenge lies in refining capacity, which could become a structural issue lasting into 2027.

  Vietstock·27/10, 01:33oil pricesIranSaudi Arabia

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