Sanctions
Russian Urals Crude Tops Brent in India for First Time Since May
Russian Urals crude for October delivery to India has been offered at a premium over Dated Brent for the first time since May, as drone attacks constrain loadings from Novorossiysk.
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Dark fleet
Covert Hormuz Crossings Are Holding Global Oil Prices in Check
Middle Eastern producers are shuttling crude out of the Persian Gulf undetected and transferring it to tankers in the Gulf of Oman, keeping Brent between $80 and $90 through August.
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Industry
Brent Climbs 24 Percent In July As Chokepoint Disruption Reprices Oil
Brent crude rose 24 percent in July and WTI gained 21 percent as tanker disruption in the Strait of Hormuz and threats in Bab el-Mandeb pushed shipping data to the centre of oil price formation.
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