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- Indexed articles, last 90 days
- 89
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- Sep 30, 2026
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- Jul 7, 2026
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Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained (opens the original)
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Crude oil exports from the Strait of Hormuz have basically returned to levels normal before the Iran war, as U.S. military escorts have boosted shipments and pipelines have redirected flows. Crude transiting Hormuz reached a seven-day average of 13.5 million barrels per day as of Monday, which matches a prewar baseline for shipments through the strait, according to data published Wednesday by Kpler, a firm that tracks tankers and global trade flows. Iran has claimed throughout the war that it co
Saudi Arabia crude oil exports hit highest level since Iran war began despite pipeline outage (opens the original)
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Saudi Arabia's crude oil exports have surged this month despite a sharp escalation in fighting with Iran-backed militants, according to data from the trade intelligence firm Kpler. Riyadh is exporting 6 million barrels per day in September, the highest level since the Iran war began about seven months ago. The kingdom's crude shipments have recovered to the monthly average of 2025. The Saudis have managed to ramp up exports even after they closed the critical East-West oil pipeline this month du
Big business warns Trump against diesel export ban in joint letter (opens the original)
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The biggest business groups in the U.S. warned President Trump against a diesel export ban this week, saying in a joint letter that such an action would prove counterproductive and raise fuel prices rather than lower them. The U.S. Chamber of Commerce, Business Roundtable, National Association of Manufacturers, American Petroleum Institute and dozens of other groups told Trump that an export ban would "lead to less fuel production, tighter supplies and rising costs for American families, farmers
Oil industry warns a diesel export ban will raise fuel prices as Trump weighs restrictions (opens the original)
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The oil industry has warned a diesel export ban will backfire and exacerbate the global fuel crisis as President Donald Trump weighs restrictions. Trump appeared to back an export ban earlier this week, as he faces mounting political pressure to tackle rising fuel prices ahead of the midterm elections in November. "I've said let's not send out the diesel. We make a lot of diesel," Trump told reporters Tuesday on the sidelines of the annual United Nations General Assembly. "I've called for it wit
Trump administration is examining whether a diesel export ban is feasible, Treasury secretary says (opens the original)
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The Trump administration is looking into whether implementing a diesel export ban would ease record high prices for the critical fuel, Treasury Secretary Scott Bessent said Tuesday. "We're examining whether it's feasible in terms of the overall refining capacity and whether a full or partial ban would work," Bessent said at a bilateral meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the United Nations. Trump said Tuesday he's advocated for a diesel export ba
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