Commodities
Brian Sullivan: Why the ‘real’ price of oil is likely $30-$40 higher than where it is now
Energy insiders say the real price of oil is around $125 per barrel, well above the quoted futures prices. Physical delivery costs have surged...
Commodities
Current price of oil as of October 15, 2026
As of October 15, 2026 at 7:15 a.m., oil reached $106.67 per barrel based on the Brent benchmark, down $2.03 from the previous day...
Commodities
Chevron CEO warns oil buffers that cushioned the Iran war shock have been ‘drained’—and diesel relief may not come until 2027
Chevron CEO Mike Wirth warned on October 7 that strategic and commercial reserves that cushioned the Iran war shock have been exhausted, leaving the...
Commodities
Oil falls as investors assess Mideast tensions, International Energy Agency’s report
Oil prices fell Thursday as traders assessed potential supply disruptions following attacks on ships in the Strait of Hormuz. Brent crude dropped 1.66% to...
Commodities
Container ship sinks in Strait of Hormuz as Iran steps up attacks
The GFS Pride, a Singapore-registered container ship, sank in the Strait of Hormuz after being struck by an unidentified projectile. All 21 crew members...
Commodities
The island is second to none: Trump says massive oil, gas and mineral exploration set to begin in our new and beautiful Greenland
U.S. President Donald Trump announced Wednesday that massive oil, gas and mineral exploration is set to begin in Greenland, calling the island our new...
Commodities
Current price of oil as of October 14, 2026
The Brent crude oil benchmark stood at $108.70 per barrel on October 14, 2026 at 7:15 a.m. Eastern Time, up $1.41 from the previous...
Commodities
‘Godzilla El Niño’ is wreaking havoc with Philippine central bank’s inflation forecasts
The Bangko Sentral ng Pilipinas is preparing for an extreme El Niño scenario, dubbed « Godzilla El Niño », which is expected to worsen...