Strait of Hormuz News Updates

Brent crude, the international standard, gained 0.7% to $110.05 per barrel.

China shares the goal of reopening the Strait of Hormuz with the U.S., though there was no sign of a breakthrough between the superpowers on how to achieve that.

Brent crude, the international standard, rose 3.3% to settle at $109.26 per barrel.

Abu Dhabi National Oil is accelerating the construction of a pipeline that runs to the port of Fujairah on the Gulf of Oman.

Spot and contract rates edged higher during the quarter, while many carriers sharpened their focus on internal efficiency and operational improvements.

Brent crude, the international standard, fell 0.1% to $105.54 per barrel.

Flows of crude oil and fuels through the Strait of Hormuz fell by nearly 6 million barrels per day in Q1, the start of a seismic energy shock.

A broad group of industrial lubricants known as base oils, which are used to make motor oil, are in very short supply with no signs of easing on the horizon.

The price for a barrel of Brent crude slipped 0.9% to $106.84.

The Energy Information Administration’s new report will be published quarterly, beginning May 13, with energy security datasets.