Commentary

Strong Demand Keeps U.S. Refiners Operating at Near Capacity

U.S. oil refiners are running plants close to 95% utilization and deferring some maintenance to take advantage of strong domestic and international demand and high margins. Refinery shutdowns averaged 470,000...

June 2026

Fighting Resumes in Iran and Peace Negotiations Stall

June 2026

U.S. and Iran Agree to a 60-Day Truce Extension

May 2026

Russia and China Meet but Do Not Close Gas Pipeline Deal

May 2026

New EIA Report Shows Extent of Hormuz Oil Disruptions

May 2026

EIA Now Sees a Bigger and Lengthier Outlook to the Middle East Disruption in Global Energy Supplies

May 2026

UAE to Double Oil Pipeline Capacity By 2027