World Oct 02 G7 nations agree to release 100 million barrels of oil, including diesel By Collin Binkley, John Leicester, Associated Press
World Sep 14 Saudi oil pipeline hit in strikes will be mostly out of service for several weeks The developments further strain Saudi Arabia's effort to get its oil to market while avoiding the Strait of Hormuz, the choke point at the mouth of the Persian Gulf where Iranian attacks have stifled shipping. By Samy Magdy, Associated Press
World Jul 07 U.S. revokes license authorizing sale of Iranian oil after 3 tankers hit in Strait of Hormuz The new assaults in the fuel-shipping waterway were the most in a single day since late April, according to the U.N. International Maritime Organization. By Jon Gambrell, Fatima Hussein, Associated Press
Economy Jun 10 Inflation rises to a 3-year high on spiking gas prices, highlighting affordability challenges Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. By Christopher Rugaber, Associated Press
World May 06 U.S. and Iran appear to move closer to ending their war as Trump threatens more bombing The United States and Iran appeared to be moving closer Wednesday to an initial agreement to end the war, as U.S. President Trump sought to pressure Tehran with threats of a new wave of bombing if a deal is not… By Josh Boak, E. Eduardo Castillo, Elena Becatoros, Associated Press
May 01 Profit for the biggest U.S. oil companies declined in 1st quarter – but only on paper By Michelle Chapman, Associated Press With energy prices depressed at the start of the year, Exxon Mobil and Chevron had arranged hedges to offset volatility, a standard practice in the industry. Continue reading
Apr 28 United Arab Emirates will leave OPEC on May 1 By Jon Gambrell, Associated Press The United Arab Emirates announced Tuesday that it will leave the oil cartel OPEC and its wider OPEC+ group effective May 1, a move rumored for some time as the Emirates chafed under production restrictions and had increasingly frosty relations… Continue reading
Apr 10 Soaring gas prices leads to biggest monthly inflation spike in four years in March By Christopher Rugaber, Associated Press It’s the first read on inflation to capture the effects of the Iran war. Continue reading
Apr 08 Oil plunges below $95 as Dow surges 1,100 following Iran ceasefire deal By Stan Choe, Associated Press Stock prices are still below where they were before the war. And oil prices are still significantly higher because the threat remains that the war could continue and keep oil tankers blocked in the Persian Gulf. Continue reading
Apr 02 Volatility hits Wall Street and U.S. oil tops $110 a barrel By Damian J. Troise, Associated Press The unsettled trading follows a national address late Wednesday from President Donald Trump, where he vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. Continue reading