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Oil Prices

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An oil refinery.
Posted inBREAKING NEWS

Brent Oil Posts Biggest Weekly Drop in Years on Peace Bets

An oil refinery. Photo: Walter Siegmund, CC BY 2.5, via Wikimedia Commons. Brent crude has posted its steepest weekly decline in years, settling at $98.32 a barrel on Friday after…
Posted by ReportRig.com November 8, 2026
An oil tanker sailing through the Strait of Hormuz.
Posted inNews

Brent Ends Week Down 16% as Iran Deal Bets Clash With Attacks

The oil tanker Solomon Sea in the Solent, England. Photo: ITookSomePhotos, CC BY-SA 4.0, via Wikimedia CommonsBrent crude ended the week at $98.32 a barrel on Friday, down more than…
Posted by ReportRig.com November 7, 2026
An oil tanker sailing through the Strait of Hormuz.
Posted inNews

Brent Oil Tops $100 as Hormuz Tanker Fires Rattle Markets

Photo: ITookSomePhotos, CC BY-SA 4.0, via Wikimedia Commons Brent crude broke above $100 a barrel on Friday, reversing this week's earlier plunge, after reports that two tankers caught fire in…
Posted by ReportRig.com November 6, 2026
An oil tanker at sea in the North Sea, with offshore wind turbines in the background
Posted inNews

Oil Prices Plunge as Traders Bet on Iran Peace After Midterms

An oil tanker at sea. Photo: ImagePerson, CC BY 4.0, via Wikimedia Commons. Oil prices plunged on Wednesday as traders bet that the Democratic midterm victory could open the way…
Posted by ReportRig.com November 5, 2026
An oil tanker at sea near the Strait of Hormuz.
Posted inBREAKING NEWS

US-Iran Talks Stall as Hormuz Stays Shut and Oil Climbs Above $104

The United States and Iran remain far from a deal to end their war, a senior Iranian official told Reuters on November 4, 2026, as Qatar-mediated talks produced no breakthrough…
Posted by ReportRig.com November 4, 2026
A car being refuelled at a petrol station pump
Posted inLIFESTYLE

Gas Below $4 Next Week? The Forecast, and Why It Might Not Happen

Could the national average for gasoline fall below US$4 a gallon in the next week? One leading analyst says yes — with a condition that matters as much as the…
Posted by ReportRig.com November 3, 2026
A large oil and gas tanker ship at sea near a coastal refinery terminal
Posted inBREAKING NEWS

Oil Rebounds to $106 After Qeshm Strike Report Rattles Market

Oil rebounds on Tuesday after a report of a US strike on Iran's Qeshm Island blunted optimism about talks to end the eight-month US-Iran war, with Brent crude trading near…
Posted by ReportRig.com November 3, 2026
A Phillips 66 gas sign and pumps at a station in Perry, Florida
Posted inLIFESTYLE

US Gas Price Falls to $4.17 as Georgia Drivers Pay $3.58

US drivers got a little more relief at the pump this week, but crude oil prices above $100 a barrel are limiting how far that relief can go. The national…
Posted by ReportRig.com November 3, 2026
A large crude oil tanker ship at sea, viewed from the side against a clear sky
Posted inBREAKING NEWS

Iran Hormuz Talks Enter Third Day as Oil Prices Ease on Hope

Qatari-mediated talks between Iran and the United States entered a third day on Monday, with negotiators discussing a proposal that could reopen the Strait of Hormuz within two days of…
Posted by ReportRig.com November 2, 2026
An oil pumpjack operating at a well in the Permian Basin
Posted inNews

OPEC+ Holds December Oil Output Steady Into 2027 Talks

OPEC+ December output targets will stay unchanged, the oil producers' alliance agreed in principle at an online meeting on Sunday, setting up a far more consequential negotiation over 2027 quotas.…
Posted by ReportRig.com November 2, 2026
An oil tanker at sea in the North Sea, with offshore wind turbines in the background
Posted inNews

Brent Crude Hits Six-Month High at $117.64 on Hormuz Fears

Brent crude settled at $117.64 a barrel on October 30, its highest since April 29, after jumping more than 2 percent on fears of escalation in the Iran war and…
Posted by ReportRig.com October 31, 2026
An oil tanker at sea in the North Sea, with offshore wind turbines in the background
Posted inBREAKING NEWS

Iran Says Four Tankers Struck Mines in Strait of Hormuz

Iran's Revolutionary Guard said four oil tankers caught fire after striking naval mines in and around the Strait of Hormuz within 24 hours, in one of the most serious single-day…
Posted by ReportRig.com October 31, 2026
Anacortes oil refinery with towers and steam, with snow-capped Mount Baker in the background
Posted inNews

Oil Falls as Vance Letter Revives Hopes of Iran Peace Talks

Oil prices fell on Thursday, paring gains made a day earlier, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions, according to Reuters.…
Posted by ReportRig.com October 29, 2026
An oil tanker in the Persian Gulf.
Posted inNews

US Reportedly Warned Gulf States of Possible Iran Campaign

The United States has reportedly told several Gulf Arab states to prepare for a possible short, intense military campaign against Iran after the November 3 midterm elections, according to a…
Posted by ReportRig.com October 28, 2026
The New York Stock Exchange.
Posted inNews

Super Wednesday: Fed, UK Budget and Big Tech Earnings Collide

Markets face one of the busiest days of the year on Wednesday, with the UK Budget at lunchtime, the Federal Reserve's rate decision in the afternoon and Microsoft and Alphabet…
Posted by ReportRig.com October 28, 2026
The New York Stock Exchange building on Wall Street in New York City
Posted inNews

Nasdaq Plunges 2.6%, S&P 500 Sinks as AI Fears, Oil Surge

U.S. stocks sold off sharply Thursday as fears of a renewed conflict involving Iran collided with growing anxiety over the artificial intelligence boom, sending the Nasdaq Composite to its worst…
Posted by ReportRig.com October 23, 2026
Riyadh city skyline at dusk with a flag
Posted inNews

Saudi Coalition Intercepts Drone Over Riyadh Amid Attacks

The Saudi-led coalition announced on Thursday that it had intercepted and destroyed a drone in the Riyadh region, as Houthi attacks on the kingdom intensify. Coalition spokesperson Turki al-Maliki said…
Posted by ReportRig.com October 22, 2026
Asian stock exchange trading floor with declining price boards
Posted inNews

Asian Stocks Sink to 3-Month Low on Tech Angst, Gulf Tensions

Asian stocks sank to a three-month low on Thursday as investors weighed disappointing technology earnings, rising Gulf tensions and a looming Federal Reserve decision. Japan’s Nikkei 225 fell around 1%,…
Posted by ReportRig.com October 22, 2026
Naval warships sailing in formation at dawn
Posted inNews

IRGC Navy Says Four Vessels Set Ablaze in Gulf, Warns US

Iran's Islamic Revolutionary Guard Corps Navy said on Thursday that four vessels involved in illegal oil transfers in the northern Persian Gulf were simultaneously hit and caught fire after being…
Posted by ReportRig.com October 22, 2026
Oil pumpjacks operating in a desert oil field at sunset
Posted inNews

Brent Crude Tops $111 as Iran Strike Plans Rattle Oil Markets

Oil prices surged on Thursday as reports that the United States and Israel have drawn up plans for renewed strikes on Iran rattled energy markets already on edge over Houthi…
Posted by ReportRig.com October 22, 2026

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