World absorbs historic Iran war oil supply loss as depleted stockpiles raise further energy market risks
Global markets are absorbing a historic oil supply loss caused by the Iran war, but depleted stockpiles pose further risks.
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Mitsui OSK Lines convoy exits Hormuz via route near Iran, including some of the last trapped oil tankers departing the critical chokepoint.
A convoy of ships operated by Japan's Mitsui OSK Lines is departing the Strait of Hormuz via a route near Iran, including some of the last remaining trapped oil tankers.
Saudi Aramco makes largest cut to main oil price since at least 2000, a major pricing shift by the world's top crude exporter.
Aramco has made its largest cut to its main oil price since at least 2000.
Cuba hit by new nationwide blackout, electricity company reports. The entire island is without power in what officials describe as a fresh grid failure.
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US Strategic Petroleum Reserve crude stocks fell 6.2 million barrels to 319.5 million last week, lowest since 1983
US Strategic Petroleum Reserve crude oil stocks fell by about 6.2 million barrels to 319.5 million barrels last week, the lowest level since 1983.
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