WTI crude spiked to $111.29 per barrel on Thursday, with Brent trading at $107.57, inverting the global benchmark structure as the market repriced accessible supply amid a prolonged disruption at the Strait of Hormuz. WTI rarely trades at a premium to Brent. Brent crude reflects seaborne crude and typically leads during global supply shocks, while...Continue Reading
Donbas Coal Deal Exposes Fragile Enforcement of Russia Sanctions | 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 – Apr 02, 2026, 11:00 AM CDT A Georgian firm plans to...Continue Reading
40% of Russia’s Baltic Oil Export Capacity Offline as Gasoline Ban Widens | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 02, 2026, 10:30 AM CDT Russia is banning gasoline producers from exporting the fuel until July 31, expanding the current ban that applied only...Continue Reading
Tesla Disappoints With Q1 Deliveries Miss | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Apr 02, 2026, 10:00 AM CDT Tesla reported a disappointing first quarter, delivering 358,023 vehicles worldwide, falling short of Wall Street expectations of about 372,000, according to Bloomberg-compiled estimates and...Continue Reading
China Directs Private Refiners to Maintain Fuel Output Even At A Loss | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Apr 02, 2026, 9:30 AM CDT Chinese authorities have ordered private refiners to maintain high levels of gasoline and diesel supply, even at a loss,...Continue Reading
The Critical Commodities Caught in the Hormuz Blockade | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Apr 02, 2026, 9:00 AM CDT LPG shortages are hitting...Continue Reading
UK Hosts 36-Country Summit to Reopen Strait of Hormuz | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Apr 02, 2026, 8:30 AM CDT The UK is hosting on Thursday a virtual meeting of senior officials from three dozen countries —...Continue Reading
Australia Considers Emergency Powers to Protect Domestic Gas Supply | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Apr 02, 2026, 7:30 AM CDT Australia’s government intends to consider using emergency...Continue Reading
India Waives Import Tax on Petrochemicals as War Roils Supply Chains | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Apr 02, 2026, 6:30 AM CDT India on Thursday temporarily abolished...Continue Reading
India Accelerates Shift to Piped Gas as LPG Crisis Deepens | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Apr 02, 2026, 5:30 AM CDT India is accelerating the move to...Continue Reading
