crude oil News Updates

DoorDash said demand for deliveries remained strong in the January-March period despite higher gas prices, with total orders rising 27% to 933 million.

“Ultimately, it’s still going to come back to the primary issues of risk and safety," that shippers have to evaluate.

The price for a barrel of Brent crude oil, the international standard, sank 7.3% to $101.90, down from more than $115 early this week.

Iranian media reported that shipowners need to send an email to an organization called the Persian Gulf Strait Authority if they want to send ships through the strait.

Marathon sent tankers on a range of routes in the Iran war's first months, taking advantage of supply disruptions for gasoline, diesel and jet fuel, executives said.

The price for a barrel of Brent crude, the international standard, fell 3.2% to $110.78.

The price of a barrel of Brent crude, the international standard, climbed 5.7% to $114.28.

But U.S. domestic inventories are quickly depleting, and America’s oil producers are struggling to keep up. 

MSC plans a new service linking Europe with isolated Middle East ports, using trucking across Saudi Arabia and smaller vessels in the Persian Gulf.

The commitment from the seven countries to raise production by 188,000 barrels a day comes after a virtual meeting they held April 3.