r/oil • • 48m ago

Daily Oil Price Opinions - October 27, 2026 All other Oil Price Posts Will Be Removed

• Upvotes

What are your thoughts on today’s oil price? Drop your opinions, predictions, charts, memes , low and high effort post, your AI slop or even analysis below. Keep it civil and on-topic! This post is renewed daily.

Unless there is some compelling reason, other posts in the sub about oil prices will be removed. In a futile effort to improve the quality.

(Current WTI/Brent price can be checked on any major site.)


r/oil • • 1d ago

Weekly MEGATHREAD October 25, 2026 : US Blockade of the Strait of Hormuz is LIVE – All tanker drama, oil panic, missile hits, Iran retaliation posts belong HERE

13 Upvotes

This is posted weekly at 0900 am AUET on Monday

This is the one official Hormuz Blockade Weekly Megathread

Is it open yet: https://www.ishormuzopenyet.com/

Everything else gets yeeted into the void (or at least politely redirected here). New articles, memes, wild speculation, questions about how screwed your superannuation is, grainy satellite pics of tankers doing U-turns — drop it all below.

Overview on Iran and the situation: https://www.iransitrep.com/


r/oil • • 2h ago

News UAE Closes Beaches Across Three Northern Emirates After Tanker Oil Spill

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74 Upvotes

An oil spill off the UAE coast has prompted beach closures in Umm Al Quwain,Sharjah and Ras Al Khaimah.Satellite imagery reported by Reuters shows the slick spreading toward the coast near Umm Al Quwain.Cleanup operations and environmental assessments are underway.UAE authorities have not officially identified the tanker responsible or confirmed the cause of the spill.The incident highlights the environmental risks posed by offshore shipping incidents.Reviewing a vessel’s AIS track and voyage history can provide useful context about its movements.MarineRadar offers tools to explore vessel positions and voyage history.

Source: Reuters, October 26, 2026.


r/oil • • 6h ago

Trump Trump to Ease Oil Well Methane Curbs in Bid to Lower Costs

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43 Upvotes

President Donald Trump is set to unveil a plan to dial back federal requirements designed to slash methane emissions from oil and gas operations, casting the proposal as a way to encourage more domestic energy production and lower costs.

Trump is expected to announce the proposed rule during a campaign rally in Lubbock, Texas, on Tuesday, as he tries to bolster the prospects of Republican Senate candidate Ken Paxton in next week’s midterm elections, according to an administration official who asked not to be named before a formal announcement.

Texas is the No. 1 oil-producing state in the US — and the petroleum industry has lobbied the White House to ease some of the mandates meant to keep a lid on releases of methane, a particularly potent greenhouse gas.

The proposal comes as Trump seeks to assuage voter concerns about higher costs for oil, gasoline and diesel stoked by Russia’s war on Ukraine and the US war against Iran. During a pre-election campaign blitz to keep Republican control of Congress, Trump has also championed initiatives tailor-made for his rally audiences — from plans for Volkswagen AG to build a $4.2 billion Audi plant in Georgia to an $8 billion fuel-relief program pitched to farmers in Kansas.

The Environmental Protection Agency proposal takes aim at Biden administration requirements that forced energy companies to replace leak-prone equipment and regularly search for escaping gas from wells and other hardware. EPA Administrator Lee Zeldin, at an industry conference in Santa Fe earlier this month, said the planned measure would lift “unnecessary burdens” constraining oil and gas production and make it less costly for Americans to heat their homes and drive their cars.

In a major shift, the agency will propose to effectively single out so-called marginal, low-output wells for additional regulatory relief. The treatment would extend to wells that produce no more than 15 barrels of oil equivalent per day.

The approach responds to pleas from some smaller, independent oil producers that say the cost of complying with the requirements can overwhelm the economics of operating older wells, effectively forcing them to shut production at the sites.

The bulk of the roughly 1 million oil and gas wells in the US — about 79% — are considered marginal because of their relatively low production. But former EPA officials and environmental activists have warned that wells with low oil and gas production can be a major source of methane — and any retreat from the federal requirements would translate to more of that potent planet-warming pollution at a time when climate impacts are intensifying.

Methane is a key component of natural gas, making it a valuable source of energy in its own right. Compared to carbon dioxide, methane has a roughly 80 times higher warming potential in the first 20 years after its release into the atmosphere. It’s also become a major driver of modern global warming, as atmospheric concentrations of methane have more than doubled compared with pre-industrial times.

In the US, the oil and gas sector represents the largest industrial source of methane — which can leak from wells, pipelines and processing equipment and is sometimes flared or vented intentionally.

Under the EPA plan Trump is set to release on Tuesday, the agency would also end the so-called Methane Super Emitter Program, which encouraged government-approved third-party groups, including companies as well as not-for-profit organizations, to help find and report large methane releases. The agency, which already paused the program’s implementation last year, is set to justify the proposed change by questioning its necessity and highlighting legal concerns with the initiative.

The measure also will seek to ease Biden-era requirements phasing out some routine flaring, targeting the practice of energy companies burning off natural gas from oil wells. Under President Joe Biden, the EPA estimated that would collectively avoid some 58 million tons of methane emissions from 2024 to 2038 and yield net climate and ozone health benefits of $98 billion over the same period.

The Trump EPA now estimates its proposal overall would yield some $45 billion in savings while enabling production of an additional 210 million barrels of oil and 1.41 trillion cubic feet of natural gas between 2027 and 2050.

Burning natural gas generates carbon dioxide, and inconsistent flares can result in methane discharges too. But getting associated gas from oil wells to market is also not always possible or practical, Trump’s EPA will say in justifying the shift. Instead, the EPA will propose to make 95% efficient flaring — or other control devices — the best system of emission reduction, a legal standard under the Clean Air Act, the official said.

Oil industry leaders have urged the Trump administration against a wholesale repeal of methane mandates in favor of more modest recalibrations, arguing the Biden-era requirements at times were technologically infeasible, inefficient and costly.

For more than a decade, a growing number of energy companies worldwide have voluntarily taken steps to rein in their methane emissions. Some larger producers also have prized the work as a competitive advantage, particularly as other nations crack down on methane-intense gas imports.

Since reentering the White House last year, Trump has sought to lift regulatory requirements on the oil and gas industry, effectively lowering the cost of domestic energy production while repealing pollution curbs on power plants and vehicles that burn the fossil fuels. Trump’s EPA has already taken multiple steps to delay the enforcement of the methane requirements.


r/oil • • 16h ago

News Oil spill off UAE widens, satellite images show, prompting more beach closures

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206 Upvotes

Oil spills looking bad , and likely gunna get worse


r/oil • • 20h ago

News Houthis claim to have attacked ARAMCO East-West Pipeline

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371 Upvotes

Yemen's Iran-aligned Houthis said on Monday they had ‌attacked Saudi Arabia's East-West crude oil pumping stations, as rising hostilities choke oil supplies and threaten to erupt into a larger conflict.

A fire was detected on FIRMS coinciding with this at Pumping Station 3, 23.959⁰ N 40.054⁰ E.

That specific pump station was hit previously in September, leading to a fire which burned for 13 hours.


r/oil • • 7h ago

Discussion Current Oil Flow Through Major Choke Points - 2026 Oct 27

18 Upvotes

Arabian sea/Hormuz daily down but still high. BAM, Malacca up quite a bit.

Sea of Oman to Arabian Sea Implied Dark Traffic:

This is all the oil traffic out to the Arabian sea minus 2.5mb (pre war output of Fujairah and Oman) to estimate the additional output of dark traffic out of Hormuz as well as any additional output from the ADCOP pipeline. Usual traffic should be around 21mb of crude and oil products.

Adding this further crude vs product breakdown for Gulf of Oman to Arabaian Sea as well.

OLYMPIC LUCK added to the 25 Oct data as they popped up near west coast of india.

Listing the actual ships and their draft/dwt as well as helps check if I messed up with double counts/fills

Data from: https://www.marinetraffic.com/en/ais/home/centerx:63.3/centery:23.5/zoom:7

Bab al Mandab AIS on Traffic:

Oil products going out south from the Red Sea. Usual traffic is around 8mb. Edit: I dont think much is coming out any more from the East/West pipeline its very unclear what is output now. That still means the amount overall is down. The drop below is more from dropping Russian and other sources of usual oil going south out of the red sea as the Yanbu/East/West pipeline is all going north to suez.

Ships: BOLU,FENOR,KARELIYA,NORNS,POLARIS,SPARTAN,SUEZ PROTOPIA,ANKARA,ROUTE

Data from https://www.marinetraffic.com/en/ais/home/centerx:45.8/centery:12.7/zoom:8

Strait of Malacca:

Usual oil products throughput is 16.5 mb crude and 6mb oil products. Also added how much of that malacca traffic is going to China as well as how much oil is from the Persian gulf.

Ships: QURAYYAT,COSRISING LAKE,FRONT MORGAN,AOKO,CAPE ATHOS,SPRING SPLENDOR,NAVE UNIVERSE,OSLO STAR,CASPAR,PANTANASSA,MIKELA P.,MINERVA VERA,LIAN YANG HU,PRINCESS NATALIE,ENEOS GLORY,UNIVERSAL HONOR

Data from https://tankermap.com/analytics/straits/malacca?unit=million_bbl_per_day

Singapore Oil Departures:

Note based on 2024 the average daily output in tonnes was 211,000 tonnes per day. I think 2025/2026 is much higher but they don't yet have official data.

Data from https://tankermap.com/analytics/ports/singapore-oil?unit=million_bbl_per_day


r/oil • • 6h ago

Discussion HOW IT'S MADE: Gasoline ⛽️ (classic documentary)

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14 Upvotes

r/oil • • 5h ago

News Adnoc Drilling's nine-month profit rises to $1.07bn as revenue hits record

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10 Upvotes

r/oil • • 4h ago

News No pressure from US to cut Russian oil imports, Indian oil minister says

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7 Upvotes

r/oil • • 20h ago

News Giant oil rig sinks off Gabon

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72 Upvotes

r/oil • • 1d ago

News Trump says he doesn't 'give a damn' about gas prices as US making 'fortune'

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3.4k Upvotes

r/oil • • 5h ago

Discussion Why doesn't the GOP ever push flex fuel?

3 Upvotes

The price of ethanol blends in Iowa is very reasonable these days. Obviously vehicle compatibility is a huge barrier but it is strange the GOP never pushes this idea as a strategic alternative.


r/oil • • 1d ago

News Saudi Arabia to store oil in Singapore to bolster Asia supply security

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64 Upvotes

In my opinion, this is a move which will have impact in the longer run. Alongside building pipelines, Saudi seems to be diversifying its reliance on BAM by storing oil aboard

SINGAPORE, Oct 26 (Reuters) - Saudi Arabia plans to store crude oil at Singapore's Jurong Rock Caverns ‌from the second half of 2027 to strengthen supply security in the region, energy ministers from both countries said on Monday.


r/oil • • 1d ago

News Borr Drilling’s Prospector 5 drilling rig sank late Saturday evening off the coast of Gabon. One person has been confirmed dead and four others remain missing. There were 115 people on board when the rig sank off Mayumba.

Enable HLS to view with audio, or disable this notification

424 Upvotes

r/oil • • 1d ago

Ukraine/Russia Russians now say they have limitless diesel to sell the us (in reality its probably iranian diesel the russians have started flipping at a slight discount, usa funding their own demise)

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491 Upvotes

r/oil • • 1d ago

News Kpler's 24M bpd Oil Claim Collides With Own Data, Overestimating Middle East Exports by 39% as Oil Supply Squeeze Far From Over

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172 Upvotes

Points suggesting Kpler's 24 million bpd Middle East export figure for the week to 18 October 2026 is overstated or unreliable.

https://www.theoilreport.pro

• Kpler's own month-to-date average for October is only 17.3 million bpd, according to Reuters citing Kpler data and almost exactly matching the lower independent estimates and far below the 24 million headline.

• Rival tracker Vortexa put the same week at roughly 18 million pd, not 24.6 million. Firm-to-firm gaps this large undercut consumer confidence especially around the significance of determining where the market is headed using the peak numbers.

https://www.oilandgasmiddleeast.com

• Independent OSINT and satellite trackers (LVision, hormuzstraittracker) show Hormuz-related crude flows in the 8-11 million bpd range for recent weeks, not even remotely close to the higher volumes needed to support 24 million once all bypasses are added.

• Visible ship traffic through Hormuz is still only about 6-7 vessels a day versus a pre-war baseline of roughly 85. Even allowing for dark ships and ship-to-ship transfers, this scale of AIS silence makes sustained high volumes hard to verify.

• Refined product exports remain well below half of prewar levels. Crude may have recovered more via pipelines and STS, but the overall liquids total cannot reach or exceed pre-war levels if products are still severely constrained.

https://gcaptain.com/middle-east-oil-flows-near-prewar-levels-defy-hormuz-attacks/

• Saudi East-West pipeline throughput and Yanbu loadings are recovering but still limited (roughly 2-3 million bpd range after the mid-September attacks).
Kpler cites 6-7 million bpd. Terminal capacity and local Red Sea use further cap net exports.

https://www.reuters.com/commentary/reuters-open-interest/dont-mistake-mideast-oil-rebound-
normality-2026-10-22/

• Kpler's recent weekly numbers are explicitly
"preliminary confirmed floors" using data estimates that are often revise later. A single volatile convoy/STS week can produce a temporary spike that does not represent sustainable supply.

• Regional production available for export is constrained by local consumption, Iranian volumes blocked by the U.S. naval presence, and incomplete bypass infrastructure.
Sustained exports above pre-war levels are difficult to reconcile with these limits and with low observed loading activity.

These discrepancies mean the widely reported "back to or above pre-war" narrative rests on one peak weekly figure from one data provider. Broader monthly averages, rival trackers, satellite/OSINT data, and physical constraints all point to exports remaining materially lower and consistent with an ongoing supply squeeze rather than pointing to a true full recovery.

https://x.com/LVision_Trading

https://www.ft.com/content/509c0ecf-625e-4473-96cf-
e249edb7c86e


r/oil • • 1d ago

Daily Oil Price Opinions - October 26, 2026 All other Oil Price Posts Will Be Removed

17 Upvotes

What are your thoughts on today’s oil price? Drop your opinions, predictions, charts, memes , low and high effort post, your AI slop or even analysis below. Keep it civil and on-topic! This post is renewed daily.

Unless there is some compelling reason, other posts in the sub about oil prices will be removed. In a futile effort to improve the quality.

(Current WTI/Brent price can be checked on any major site.)


r/oil • • 1d ago

Discussion Current Oil Flow Through Major Choke Points - 2026 Oct 26

44 Upvotes

Arabian sea/Hormuz daily up quite a bit. Seems to be rising again after the hits a week ago on tankers caused a drop. Its been a pattern the US threatens attacks and Iran preps for it making hits on tankers harder letting more tankers through. Could be one reason for these threats/backdowns.

BAM down, Malacca down, Singapore down.

Sea of Oman to Arabian Sea Implied Dark Traffic:

This is all the oil traffic out to the Arabian sea minus 2.5mb (pre war output of Fujairah and Oman) to estimate the additional output of dark traffic out of Hormuz as well as any additional output from the ADCOP pipeline. Usual traffic should be around 21mb of crude and oil products.

Adding this further crude vs product breakdown for Gulf of Oman to Arabaian Sea as well.

PIONEER added to the 23 Oct data as they popped up near west coast of india.

Listing the actual ships and their draft/dwt as well as helps check if I messed up with double counts/fills

Data from: https://www.marinetraffic.com/en/ais/home/centerx:63.3/centery:23.5/zoom:7

Bab al Mandab AIS on Traffic:

Oil products going out south from the Red Sea. Usual traffic is around 8mb. Edit: I dont think much is coming out any more from the East/West pipeline its very unclear what is output now. That still means the amount overall is down. The drop below is more from dropping Russian and other sources of usual oil going south out of the red sea as the Yanbu/East/West pipeline is all going north to suez.

Ships: AMULET,BOCCADASSE,NORELIA,UTAKI

Data from https://www.marinetraffic.com/en/ais/home/centerx:45.8/centery:12.7/zoom:8

Strait of Malacca:

Usual oil products throughput is 16.5 mb crude and 6mb oil products. Also added how much of that malacca traffic is going to China as well as how much oil is from the Persian gulf.

Ships: LIAN YANG HU,FRONT DUCHESS,AJWAD,OLYMPIC LUNA,ALMI TITAN,DESH SURAKSHA,KOKKARI,TATAKI

Data from https://tankermap.com/analytics/straits/malacca?unit=million_bbl_per_day

Singapore Oil Departures:

Note based on 2024 the average daily output in tonnes was 211,000 tonnes per day. I think 2025/2026 is much higher but they don't yet have official data.

Data from https://tankermap.com/analytics/ports/singapore-oil?unit=million_bbl_per_day


r/oil • • 1d ago

News Mark Carney’s energy ambitions boosted by Conservative victory in British Columbia

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93 Upvotes

r/oil • • 2d ago

News US executives quit $25bn gas venture over claims of secret Russian control

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652 Upvotes

r/oil • • 1d ago

Merg/Acq Why Kerogen lost money on Hurricane while Crystal Amber made £50 million

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11 Upvotes

Hurricane Energy's Lancaster field exposed a fundamental difference between successful appraisal and successful investment. The result? Two sophisticated shareholders ultimately finished £60 million apart.


r/oil • • 2d ago

News In U.S. Gas Talks With Kremlin, Hidden Financing for Alaska Project Emerges

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157 Upvotes

r/oil • • 2d ago

OIl Price Speculation Record Tanker Rates Cripple U.S. Crude Oil Flows to Asia

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142 Upvotes

Hard to see how this will develop over the next 2-3 months. But at a certain point, wealthier countries will pay it, whatever it is.


r/oil • • 2d ago

News Jet Fuel Hits $206 A Barrel: Airline ‘Fares Can’t Rise Fast Enough’ To Cover Costs

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2.1k Upvotes