Crude Oil

All Global Commodity Partners coverage tagged Crude Oil.

Oil tanker navigating through a narrow strait, symbolizing the Strait of Hormuz

Crude Oil Prices Decline Amid Hormuz Reopening Discussions

Crude oil prices experienced a fourth consecutive day of decline following news of Qatar's Prime Minister's visit to Tehran to discuss the potential reopening of the Strait of Hormuz.

27 Aug 2026 · GCP Newsroom · 2 min read

Oil tanker conducting a ship-to-ship transfer at sea

Aramco Uses Ship-to-Ship Transfers for Asian Crude Deliveries

Saudi Aramco is reportedly implementing ship-to-ship crude oil transfers outside the Strait of Hormuz to ensure continued supply to Asian buyers, according to a recent report.

27 Aug 2026 · GCP Newsroom · 2 min read

Offshore oil rig operating at sea, symbolizing CNOOC's production efforts.

CNOOC Achieves Record First-Half Profit and Production

CNOOC reported a significant increase in its first-half net profit and production, benefiting from elevated crude prices and increased domestic oil and gas output.

27 Aug 2026 · GCP Newsroom · 2 min read

Oil tanker navigating through a strait

Asian Crude Oil Imports Remain Stable, Challenging Transit Surge Claims

Asian crude oil imports are projected to maintain levels similar to July, with commodity analysts indicating no significant increase in tanker transits through the Strait of Hormuz, contrary to some claims.

27 Aug 2026 · GCP Newsroom · 2 min read

Oil tanker loading crude oil at a terminal

CPC Blend Oil Exports Scheduled at 1.5M BPD for September

Caspian CPC Blend oil exports are projected to reach 1.5 million barrels per day in September, a volume that aligns with or is slightly lower than the August figures, according to reports from three traders.

27 Aug 2026 · GCP Newsroom · 2 min read

A large oil tanker navigating through a strait, symbolizing crude oil transportation and potential disruptions.

Iran Blacklist Threatens Hormuz Shuttle Tanker Operations

A recent blacklist issued by Iran poses a new threat to the emerging shuttle tanker trade, which is crucial for moving Middle East crude through the Strait of Hormuz for transfer in the Gulf of Oman.

27 Aug 2026 · GCP Newsroom · 2 min read

Oil pipelines stretching across a landscape, symbolizing crude oil exports and energy infrastructure.

Alberta Premier Rejects Oil Export Taxes Against US Tariffs

Alberta's Premier has dismissed the concept of imposing export taxes on crude oil destined for the United States, citing potential harm to Canada in response to US tariff actions.

27 Aug 2026 · GCP Newsroom · 2 min read