Oil prices fell after the United States and Iran signaled that discussions over reopening the Strait of Hormuz are continuing, raising hopes for increased Middle East crude exports despite ongoing shipping risks. SourceContinue Reading

Russia Is Running Out of Soldiers, Oil, and Time | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Aug 03, 2026, 3:00 PM CDT Russia’s war effort...Continue Reading

ExxonMobil and Chevron used record second-quarter profits to reduce debt rather than significantly increase share buybacks, signaling caution as geopolitical tensions and oil market uncertainty continue to shape the industry’s outlook. SourceContinue Reading

Ukraine’s Drone Campaign Drives Russian Oil Refining to 24-Year Low | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 03, 2026, 2:30 PM CDT Russian crude processing fell to its lowest level in more than two decades in July after Ukraine expanded its drone campaign...Continue Reading

Big Oil Companies Report Record Profits Amid High Oil Prices | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Aug 03, 2026, 2:00 PM CDT We are still in the early innings of the earnings season, with roughly a...Continue Reading

Ukrainian Drone Attacks Push Russia’s Largest Online Retailer Abroad | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Aug 03, 2026, 1:00 PM CDT Wildberries is seeking warehouse capacity...Continue Reading

Trump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEO | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 03, 2026, 12:30 PM CDT President Donald Trump demanded that U.S. oil companies immediately lower gasoline prices on Monday after crude futures plunged following his...Continue Reading

Why Have China and Russia Just Stepped Out Of The Shadows In The U.S.-Iran War? | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Aug 03, 2026,...Continue Reading

Georgia’s Kulevi Refinery Replaces Russian Crude With Kazakh, Libyan Oil | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 03, 2026, 11:30 AM CDT Georgia’s only oil refinery has begun replacing Russian crude with supplies from Kazakhstan and Libya as owner Black Sea Petroleum races...Continue Reading

Why the U.S. Can’t Easily Exit the Iran Conflict | OilPrice.com Kurt Cobb Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment. His work has also appeared in The Christian Science… More Info Premium Content By Kurt Cobb – Aug 03, 2026, 11:00 AM CDT The Trump administration...Continue Reading