Global Oil Supply Archives - The Daily Journal

Oil piles up in the Americas as Asia and Europe face shortages

October 13, 2026October 13, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Heavy crude and other grades of oil have accumulated across the Americas in recent weeks as historically high maritime freight rates have hindered exports to Asia and Europe. This market paradox has left Asian and European buyers scrambling to secure supplies, with Brent crude prices exceeding $100 per barrel. Consumers in Asia […]

Oil prices rise amid uncertainty over Strait of Hormuz agreement

August 11, 2026August 11, 2026Tatiana Da GamaLeave a Comment

The Daily Journal.- Oil prices rose on Friday amid growing uncertainty over a potential agreement between Iran and Oman to reopen the Strait of Hormuz. The market, which had hoped for an imminent solution earlier in the week, turned nervous again after Tehran signaled its intention to ban U.S. and Israeli vessels from passing through […]