Tag
#OPEC+
Delta’s beat shows airfare pricing is still cushioning the fuel shock
Delta Air Lines topped Q2 estimates and held its 2026 profit target as premium fares and a refinery hedge helped absorb near-record fuel costs.
Hormuz attacks resume, threatening oil's post-truce unwind
Hormuz attacks resumed after Iran reportedly fired at least two missiles at commercial ships, forcing traders to reprice crude and shipping risk.
OPEC+ raises August quotas as Hormuz flows recover, crude slips
OPEC+ raises August quotas by 188,000 barrels a day as Brent returns near prewar levels and Hormuz shipping improves after the Iran war.
Oil inventories thin out, raising Hormuz shock risk
Oil inventories are thin enough that another Hormuz setback could hit fuel prices, inflation and risk assets harder than futures imply.
OPEC quota hike looks symbolic as Hormuz traps oil
OPEC quota hike adds 188,000 bpd for July, but Hormuz disruption means much of the extra crude may not reach buyers.
US oil rig count jumps most in four years as war lifts crude
US oil drillers added 10 rigs to 425, the biggest weekly increase since 2022, as $107 crude prices began to pull shale activity higher.
UAE casts OPEC exit as output strategy with Brent at $109.26
The UAE said its OPEC exit reflects production policy and capacity plans, a signal oil markets are reading through supply discipline and future market share.
