Gold Prices Decline as Oil Rises Amid Rate Hike Fears

Gold prices fell on Tuesday, August 18, due to rising oil prices and increasing U.S. Treasury…

Asian Refiners Reject Aramco’s Oil Loading Request Amid

Asian refiners are pushing back against Saudi Aramco's request to load oil at the Yanbu port…

Middle East Oil Exports Estimated at 9-15 Million Bpd Amid

U.S. Energy Secretary Chris Wright claimed this week that oil exports from the Middle East have…

Ukrainian Drone Strikes Hit Major Russian Oil Facilities

Ukrainian drone strikes targeted key Russian oil facilities this week, causing significant damage and sparking fires.…

Ukraine Drone Strikes Push Russian Oil Refining to 24-Year

Ukrainian drone attacks have significantly impacted Russian oil refining, driving processing levels to their lowest in…

Chevron, Exxon Report Record Profits Amid Iran War Supply

Chevron and ExxonMobil reported record profits in the second quarter of 2026, driven by rising global…

Oil Prices Drop Over 5% Amid Mixed U.S. Stock Performance

U.S. stocks experienced mixed trading on Tuesday, with the Dow Jones Industrial Average rising by over…

Kazakh President Urges Putin to Freeze Ukraine Conflict

Kazakhstan's President Kassym-Jomart Tokayev called for a freeze of the ongoing war in Ukraine during a…

Three oil tankers turn back amid Houthi blockade threat

Three oil tankers reversed course in the Red Sea this week following threats from Yemen's Houthi…

Kuwaiti Tanker Hit in Strait of Hormuz, Oil Tops $90

A Kuwait-owned oil products tanker was struck by a projectile in the Strait of Hormuz near…