Iran shifting tactics to step up attacks on shipping before US vote, officials say
Tehran is moving toward a closure of the strait to vessels violating its restrictions, with one official adding, ‘It will be complete closure soon’
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DOE sees ‘no signs’ oil prices will fall as excise tax relief goes on table
‘Let’s brace ourselves for possible increases pa rin,’ Energy Secretary Sharon Garin says as the Department of Energy certifies that Dubai crude price averaged $99.41 per barrel from August 13 to September 11
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Gasoline, kerosene prices rise on October 6, diesel gets slight rollback
The mixed adjustment comes after price cuts last week, while China’s suspension of refined fuel exports threatens to tighten Asian supply further
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Mideast oil exports rebound in September as Saudi Arabia boosts shipments
The rebound follows a recovery in exports via the Strait of Hormuz, which are set to hit about 7.4 million bpd this month, as Saudi Arabia diverts oil exports from the Red Sea port of Yanbu following attacks that damaged its East-West pipeline
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Fuel prices finally roll back on September 29 after weeks of hikes
The price cuts are welcome news for motorists, alongside the renewed suspension of excise taxes on LPG and kerosene
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Fuel prices rise again with big hike on September 22
The upcoming hike marks the third straight week of substantial price increases at the pump
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Global diesel prices hit record highs, further rises possible
Refineries worldwide are operating at maximum capacity, with the US experiencing record retail diesel prices and low inventory levels, indicating a tight global diesel market
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Marcos suspends excise taxes on LPG, kerosene anew
The tax relief does not extend to gasoline and diesel, as Finance Secretary Frederick Go says this would ‘not be progressive’ because higher-income consumers who use more of the two fuels would capture more of the benefit
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Trump vows to punish Iran for Houthi attacks in Red Sea; oil surges over $100
Fears that disruption could widen further to block another sea route sent global oil prices surging in one of the steepest rises of the war
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[Vantage Point] Oil’s false prophets
Why oil forecasts fail when war, inventories, and China rewrite the math
