Brent crude pushed above $111 a barrel Tuesday morning, its highest level since May, after Yemen’s Houthis claimed a fresh round of strikes on Saudi Arabia. Traders are paying up for risk again.
Ukraine’s Sunday drone attack set fires at an oil export terminal and an oil depot in St. Petersburg, according to the Associated Press. The report confirms fires but does not say how long
Trump says Russia’s sending more than 300,000 tons of diesel right away. Millions more tons supposedly come after that. Treasury already gave the deal its blessing, letting Russian diesel trade outside U.
Well, that didn’t last long. Oil’s three-day run ended overnight, with Brent sliding 1.77% to $104.77 a barrel early Tuesday. The reason? Russia hinted it might ship even more
Yemen’s Houthi rebels hit Riyadh’s main airport with missiles on Saturday, killing 13 people and injuring more than 300, according to Reuters. It was the deadliest attack on Saudi Arabia in more
Oil prices dropped more than 1% early Monday after President Trump announced a Russian diesel deal and an energy ceasefire between Russia and Ukraine. Brent, the global benchmark, still sits above $100 a barrel,
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Watch the trend. Compare WTI and Brent over the same period. A widening gap can reflect different regional supply conditions.
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Report snapshot · September 9, 2026. Colors summarize the cited report and editorial watch points, not live vessel conditions.
PRODUCTION & TRADE ROUTESColor = editorial supply-stability assessment. Larger circles = more reported production; tap for exact volume and period. Diamonds = shipping corridors or lost output, excluded from production sizing. Colors and volumes are dated report snapshots unless a fresh assessment is shown.
mb/d = million barrels per day. Regional sums use the countries named in each card. Estimates, forecasts, lost output and shipping volumes are labeled separately. Base map: Wikimedia Commons.
Latest completed-quarter estimates versus the year-end forecast.
Petroleum & other liquids · mb/d · Zero-based bars
EIA, September 9, 2026 · Table 3b ↗
A smaller draw still means inventories are falling.
EIA, September 9, 2026 · Global outlook ↗
Compare new inventory reports with the expected recovery in supply. Slower drawdowns can ease scarcity; renewed export losses can reverse that.
Higher crude prices can support producer revenue, but costs, hedges and production volumes determine the earnings benefit.
Fuel scarcity can support refining margins. The useful signal is the value of finished fuels relative to crude and operating costs.
Announcements matter most when export loadings, production and inventories confirm the change.
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Brent crude pushed above $111 a barrel Tuesday morning, its highest level since May, after Yemen’s Houthis claimed a fresh round of strikes
Ukraine’s Sunday drone attack set fires at an oil export terminal and an oil depot in St. Petersburg, according to the Associated Press.
Trump says Russia’s sending more than 300,000 tons of diesel right away. Millions more tons supposedly come after that. Treasury already gave
Well, that didn’t last long. Oil’s three-day run ended overnight, with Brent sliding 1.77% to $104.77 a barrel early
Yemen’s Houthi rebels hit Riyadh’s main airport with missiles on Saturday, killing 13 people and injuring more than 300, according to Reuters.
Oil prices dropped more than 1% early Monday after President Trump announced a Russian diesel deal and an energy ceasefire between Russia and Ukraine.
Oil gave back some of Thursday’s big jump overnight. President Trump said the U.S. won’t attack Iran before the November 3
Oil is up more than 4% this morning, and it had two reasons to jump. Reports say Washington is getting ready for a possible
