- May 7th, 2026
Oil falls sharply on Middle East peace deal hopes
Oil prices extended losses on Thursday, sliding more than 2% on renewed hopes for a peace deal that could bring a gradual reopening of the Strait of Hormuz. ›
Industry News from Energy Services
- May 6th, 2026
Europe Gas Traders Buy Options to Hedge for Winter Price Spike
Some European natural gas traders are already hedging against a spike in prices next winter as the war in the Middle East continues to disrupt supplies. ›
- May 6th, 2026
Oil extends slide as Trump indicates possible Iran peace deal
Oil prices fell for a second day on Wednesday on expectations bottled-up supply from the key Middle East producing region could resume flowing after U.S. President Donald Trump indicated a possible peace deal may be reached to end the war with Iran. ›
- May 5th, 2026
Brent holds near $114 a barrel as Middle East tensions rage on
Brent crude futures retreated on Tuesday but held near $114 a barrel following fresh hostilities in the Middle East, while investors monitored developments in the U.S.-Israeli conflict with Iran. ›
- May 1st, 2026
Oil prices rise with no sign of end to Iran war
Oil rose on Friday as efforts to resolve the Iran war remained at an impasse, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking exports of Iranian crude. ›
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