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A British navy group says there has been a “potential hijack” of a ship off the coast of the United Arab Emirates in the Gulf of Oman. The event comes days after a drone struck an oil tanker linked to an Israeli billionaire near Oman, killing two.

Oil tanker 'hijacked by armed men' as four more ships 'lose control' in Gulf

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BP has reported a 71.5% increase in revenues, reflecting a rapid recovery in oil prices. Equity Analyst, Nicholas Hyett shares the latest. $BP

India's crude imports, oil product exports fall in July

The WTI crude #oil  will continue to see a lot of volatility, but more of an uptrend than anything else.

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FYI: Soybean Oil has a 199% 12 Mo. CAGR … which is currently 1 STD above its 10 Yr. Average. [Chart]

Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Silver: 0.43% Gold: -0.18% Oil - US Crude: -0.90% View the performance of all markets via

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🔝 #PlattsCommodityNews  EMEA, Aug 3: 📰 OPEC+ leaves #Iran  behind, hikes #crude  production 📰 exports increase ami #Iraq  #oilhigher  + quota 📰 raises oil #OPECprice  assumptions, promises recov #BPry 

At a time where the natural gas and oil industry is critical to America’s post-pandemic recovery, a federal leasing and development ban could cost nearly 157,000 American jobs by 2026 and nearly 340,000 American jobs by 2030.

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If oil goes any lower, Exxon Mobil might have to layoff some members of Congress.

Trump just got Biden to say he wants to end the oil industry. Wild.

Mauritius declared an emergency after a tanker hit a coral reef, spilling 1,000+ tons of oil and threatening "thousands" of fragile species. It is still leaking. Volunteers are making barriers and rescuing animals, angry at govt inaction: "We will never be able to recover."

Just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!

Just signed an order to protect fracking and the oil and gas industry. This means JOBS, low energy bills, and continued AMERICAN ENERGY INDEPENDENCE! Sleepy Joe would BAN fracking and destroy American energy jobs! He has NO clue!!

Last week, Joe Biden made perhaps the most shocking admission ever uttered in the history of presidential debates. On live television, Joe Biden confirmed his plan to ABOLISH the entire U.S. Oil Industry—that means NO fracking, NO jobs, and NO energy for Pennsylvania Families!

Biden is against Oil, Guns and Religion, a very bad combination to be fighting in the Great State of Texas. We are Winning Big, in the Real Polls, all over the Country!!! NOVEMBER 3rd. VOTE!!!

Had a very good meeting with @kbsalsaud  of Saudi Arabia. We discussed Trade, Military, Oil Prices, Security, and Stability in the Middle East!

The big Oil Deal with OPEC Plus is done. This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!

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