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1 day ago | 
oilprice.com | Tom Kool
Spot rates for very large crude carriers (VLCCs) sailing from the Persian Gulf to Asia have fallen sharply in recent days, as military tensions near the Strait of Hormuz subside and shipping flows resume a more stable pattern. Charterers that had paused bookings or rerouted vessels in mid-June amid fears of an Iranian blockade have begun re-entering the market, easing pressure on freight.
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4 days ago | 
proshare.co | Tom Kool
This week’s newsletter offers a concise overview of the key figures and data in the energy markets for the week. The table and the charts below show some key market movers early this week, followed by the latest analysis of the top news events in the global energy complex over the past few days.
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4 days ago | 
oilprice.com | Tom Kool
WTI crude prices fell over 5% to $65.02/barrel after ceasefire announcement. Ceasefire reduces geopolitical risk premium previously inflating oil prices. Market attention now shifting back to supply-demand fundamentals.
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5 days ago | 
oilprice.com | Tom Kool
While many were expecting the oil market to open for electronic trading at 6 p.m. ET with a bang, 30 minutes into trading, oil was up by barely 3%, despite the U.S. military’s overnight strikes on Iranian nuclear facilities, a geopolitical incident that might normally have sent oil soaring. At 6:27 p.m. ET, Brent crude was trading up 3.17% at $79.45 per barrel, while the U.S. crude benchmark, West Texas Intermediate (WTI) was trading up $3.18 at $76.19 per barrel in early New York trading.
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1 week ago | 
oilprice.com | Tom Kool
Oil rallied almost 3% on Tuesday morning as tensions in the Middle East continue to escalate. Will Israel Strike Iran’s Upstream Infrastructure? - As the Israel-Iran war shows no signs of abating, market participants are speculating whether Israel could target Iran’s oil export infrastructure after its strikes on the South Pars gas field.
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1 week ago | 
oilprice.com | Tom Kool
Brent crude futures opened more than 4% higher on Sunday evening, trading above $77 per barrel, as tensions between Iran and Israel erupted into open military conflict targeting critical energy infrastructure. The spike follows an 8% jump on Friday, marking one of the sharpest two-day increases in oil prices in recent years. Over the weekend, Israel launched a wave of coordinated airstrikes on Iran, hitting key energy facilities in and around Tehran.
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2 weeks ago | 
oilprice.com | Tom Kool
Brent crude surged more than 8% on Friday, peaking at a 13% intraday gain, after Iran launched a wave of missile strikes on Israel in retaliation for the Israeli Air Force’s targeted assault on Iranian nuclear and military infrastructure. The sudden escalation has jolted energy markets already grappling with rising geopolitical risk across the Middle East.
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2 weeks ago | 
oilprice.com | Tom Kool
Israel has launched a series of coordinated airstrikes on Iran, targeting nuclear facilities in what it describes as a decisive move to prevent the Islamic Republic from becoming a nuclear power. The Israeli military announced the operation on its official Telegram channel, stating that "dozens of fighter jets struck Iranian nuclear complexes in various parts of the country."The strikes immediately triggered a sharp reaction in global markets, sending oil, bonds, and gold rallying.
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3 weeks ago | 
oilprice.com | Tom Kool
ICE Brent is poised to close the week above $66 as trade optimism lifts sentiment, while stubborn geopolitical tensions and shifting wildfire risks keep supply concerns alive. June 6th, 2025ICE Brent futures are set to close this week above $66 per barrel, a more than 3% weekly gain after markets were buoyed by the prospect of US-China trade talks all the while derailed US-Iran and Russia-Ukraine negotiations have kept geopolitical risk premia intact.
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3 weeks ago | 
oilprice.com | Tom Kool
Several major international pipelines are facing geopolitical risks in 2025, threatening the stability of global energy supplies and prices. Pipelines like the CPC and Druzhba are particularly vulnerable due to political tensions and potential disruptions that could affect millions of barrels of oil per day. The future of pipelines such as Nord Stream and EastMed remain uncertain, contributing to ongoing energy anxiety and shifts in European energy strategy.
