Browsing Tag
crude oil prices
2 posts
Trump administration authorises 172 million barrel SPR drawdown as 32 IEA nations coordinate record emergency oil release
US releases 172 million barrels from the Strategic Petroleum Reserve as IEA coordinates a record 400 million barrel drawdown amid Iran war supply disruption.
March 12, 2026
Aramco CEO says 6.7 million barrels a day lost as Hormuz shutdown surpasses every prior Gulf energy crisis
Saudi Aramco CEO Amin Nasser warns of catastrophic consequences for global oil markets as the Strait of Hormuz crisis deepens. Read our full analysis.
March 10, 2026