Saudi Arabia has restarted its 4-million-bpd East-West pipeline, restoring a key route around Hormuz. Flows remain low for now, but the news briefly pushed Brent down more than $2 to around $98 a barrel. #Oil#SaudiArabia#Hormuz#Brent
Oil is creeping toward $100 as Trump escalates pressure on Iran. Hormuz transits remained in single digits all week, while Brent reached $94 and VLCC freight costs soared. The geopolitical risk premium is building again. #Oil#Iran#Hormuz#Brent
Norway’s crude output fell nearly 10% year over year to 1.776 million bpd in July, just as Gulf supply remains heavily disrupted. The decline matters because Europe increasingly needs reliable barrels outside Hormuz. #Oil#Norway#Brent
Brent is heading for a roughly 5% weekly gain as stalled US-Iran talks and attacks around Hormuz tighten supply risks. With crude near $88, continued naval disruptions could push Brent toward the $100 threshold. #Oil#Brent#Hormuz#Iran
Brent briefly neared $90 as stalled U.S.-Iran talks and constrained Hormuz flows tighten global fuel markets. The IEA now sees a 1.8M-bpd oil deficit this quarter, while diesel cracks remain at extreme levels. #Oil#Brent#Hormuz#Diesel
