Economics ❯ Market Dynamics ❯ Commodity Prices ❯ Oil Prices

Supply and Demand

IEA Approves Record 400 Million-Barrel Oil Release to Counter Hormuz Supply Crunch

The move targets a supply shock driven by the effective shutdown of the Strait of Hormuz.

Oil Majors Top Q3 Estimates as Exxon, Chevron Hit Output Records and Shell Launches New Buyback