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IEA monthly report: global oil inventories are drawing down at a record pace.

2026-09-11

IEA monthly report: global oil inventories are drawing down at a record pace.

Other News
2026-09-11

Iran’s Islamic Revolutionary Guard Corps navy said on Sept. 10 local time it intercepted a US unmanned surface vessel “on a mission” at the entrance to the Strait of Hormuz. The IRGC navy said the Strait of Hormuz is under its control and surveillanc

Iran’s Islamic Revolutionary Guard Corps navy said on Sept. 10 local time it intercepted a US unmanned surface vessel “on a mission” at the entrance to the Strait of Hormuz. The IRGC navy said the Strait of Hormuz is under its control and surveillance and that any hostile forces in the area will be targeted.
2026-09-10

ARMACO has shifted most product exports to Red Sea refineries as tanker scarcity and Houthi attacks slow the recovery of refined flows through the Strait of Hormuz, keeping fuel prices elevated. At least 1.0 mln bpd currently transit Hormuz, Vortexa

ARMACO has shifted most product exports to Red Sea refineries as tanker scarcity and Houthi attacks slow the recovery of refined flows through the Strait of Hormuz, keeping fuel prices elevated. At least 1.0 mln bpd currently transit Hormuz, Vortexa data show, versus about 4.0 mln bpd pre-war (ex-LPG). Traders at a Singapore meeting said recovery is hampered by difficulty finding tankers to load; owners still carry crude via Hormuz because surging VLCC freight makes voyages profitable, but refined products move on smaller ships that require more trips and carry higher risk. Two industry sources said ARAMCO exports roughly 500k bpd of products daily, mostly from Red Sea coastal refineries; shipments from Ras Tanura remain limited because chartering vessels for that route is difficult.
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