WTI Crude Oil Rises to $99.81/Barrel, Brent Climbs to $101.4/Barrel

Global Oil Inventories Could Hit 8-Year Lows by June 2026

Visible Oil Stocks Face Record Decline Global visible oil stores are set to drop to record lows even if traffic through the Strait of Hormuz restarts by the end of April, according to analysts quoted in reporting from April 24, 2026. Visible stocks—the oil in audited tanks and tracked

Japan will release 5.8 million barrels of strategic petroleum reserves, keeping a close watch on the Iran crisis and stabilizing the market

To guard against energy shocks caused by the Iran crisis, the Japanese government has rolled out major measures to stabilize the market. The Ministry of Economy, Trade and Industry of Japan announced that it will launch a second-round national strategic petroleum reserve release program. By bolstering supply through tangible means, it will ensure the security and stability of the energy supply chain, and ease economic uncertainty in the market. In response to the Iran crisis, Japan will release 5.8 million barrels of strategic petroleum reserve oil starting May 1 To allay international concerns about energy market conditions, Japan’s Ministry of Economy, Trade and Industry announced that it will release a portion of the national strategic petroleum reserve oil. This is the second wave of release actions by the Japanese government in response to recent developments in the Middle East, and it is expected to be carried out in sequence starting May 1. The amount of oil to be released in this round is approximately 5.8 million barrels, roughly equivalent to Japan’s domestic oil consumption demand for 20 days. On a scale as large as 540 billion yen, demonstrating an energy security strategy Against the backdrop that international tensions may disrupt supply chains, Japan

Whale "0xb58" Closes $BRENTOIL Long Position with $1.93M Profit, Reopens New Position

Gate News message, whale "0xb58" closed its $BRENTOIL long position, securing a profit of $1.93 million. The whale subsequently reopened a new 50,000 $BRENTOIL (3x) long position. The whale continues to hold a $SOL (3x) short position, which currently carries a floating loss of $2.23 million. Accord

Japan to Release 5.8M Kiloliters of Oil Reserves Amid Iran Crisis

Gate News message, April 24 — Japan's Ministry of Economy, Trade and Industry announced the release of 5.8 million kiloliters from its national oil reserves in response to the Iran crisis. The release will begin on

Analyst: Iran's Oil Revenue Can Sustain Until August; Trump May Not Be Able to Wait

Gate News message, April 24 — Kenneth Katzman, former Iran analyst at the Congressional Research Service in Washington, D.C., stated that despite U.S. naval blockades on Iranian ports halting new oil exports, Iran currently has 160 million to 170 million barrels of oil "floating at sea" across

Gulf Aluminium Rerouting Capacity Falls to 40%

Gulf Aluminium Rerouting Capacity Falls to 40% Amid Strait of Hormuz Disruptions Gulf aluminium producers can now reroute only about 40 percent of output away from the Strait of Hormuz, down from earlier estimates of as much as 80 percent, according to Swiss private bank Julius Baer. This