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Crude Oil News

How the Iran Conflict Will Impact Global Oil Shipments by Country

March 1, 2026 Clark Savage

The escalating conflict between the United States, Israel, and Iran, marked by military strikes and retaliatory actions, has thrust the global oil market into turmoil. As of March 1, 2026, Iran’s threats to close the […]

Crude Oil News

The Iran Conflict Exposes the Missing Oil Glut Narrative

March 1, 2026 Clark Savage

As oil traders brace for the opening of markets on Monday, March 2, 2026, the escalating conflict between the United States, Israel, and Iran is shattering the prevailing narrative of an oil glut. For months, […]

Crude Oil News

The US Military Campaign Against Iran Is Part Of Trump’s Grand Strategy Against China

March 1, 2026 Clark Savage

ENB Pub Note: This article is from Andrew Korybko’s Newsletter on Substack. There are many moving parts to the Iran conflict, and this article addresses a critical one. Watch in the coming weeks and see […]

Crude Oil News

Oil Markets Prepare for Volatility as U.S.-Israel Launch Strikes Across Iran

February 28, 2026 Clark Savage

February 28, 2026 – In a dramatic escalation of long-simmering tensions, the United States and Israel have initiated joint military strikes on Iran, codenamed “Operation Epic Fury” by the U.S. and “Roaring Lion” by Israel. […]

Crude Oil News

Iran Rushing Oil Shipments Ahead of Possible U.S. Strike

February 26, 2026 Clark Savage

Amid escalating U.S.-Iran tensions and a massive American military buildup in the Middle East, Iran has dramatically accelerated crude loadings at its primary export terminal on Kharg Island. Vessel-tracking and satellite data show Tehran is […]

Crude Oil News

Saudi Oil Exports Surge to Three-Year High during Iran Tensions

February 25, 2026 Clark Savage

Saudi Arabia is flooding global markets with crude at the fastest pace in nearly three years, shipping 7.3 million barrels per day (b/d) in the first 24 days of February 2026 — the highest level […]

Crude Oil News

China and India Spending More on Domestic Oil and Gas Production

February 24, 2026 Clark Savage

As the world’s two largest oil importers grapple with geopolitical risks, supply disruptions, and the imperative of energy security, both China and India are pouring billions into boosting domestic oil and gas output. While progress […]

Crude Oil News

FT Uncovers $90 Billion Russian Oil Smuggling Operation: The Dark Fleet’s Shadow Over Global Energy

February 20, 2026 Clark Savage

In a stunning revelation that underscores the resilience of Russia’s energy sector amid Western sanctions, the Financial Times has exposed a sprawling smuggling network responsible for moving at least $90 billion worth of Russian crude […]

OIl pumpjack, Sanbenito County Photo by Katy Grimes for Caifornia Globe
Crude Oil News

EIA: US Crude Inventories Drawn Down as Demand Increases

February 19, 2026 Clark Savage

  The latest Weekly Petroleum Status Report from the U.S. Energy Information Administration (EIA), released on February 19, 2026, reveals a significant drawdown in U.S. crude oil inventories for the week ending February 13, 2026. […]

Crude Oil News

Oil Prices Rise as Iran Closes Parts of the Strait of Hormuz for Naval Drills

February 17, 2026 Clark Savage

In a move that has heightened tensions in the Middle East, Iran announced the temporary partial closure of sections of the Strait of Hormuz on February 17, 2026, to conduct naval exercises by its Islamic […]

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