Global

Brent edged lower to $109.55 on Monday as profit-taking offset Houthi attacks on Saudi energy sites and a steep fall in Gulf crude flows through Hormuz.

Oil slipped from a five-month high on Monday, with Brent at $107.57, as Trump’s Russia sanctions waiver raised hopes of more supply despite Hormuz disruptions.

ExxonMobil signaled that higher refining margins could boost its third-quarter downstream profit by $4.5 billion, even as lower oil prices cut upstream earnings by $1.3 billion.

Oil prices steadied on Friday and headed for weekly gains, with Brent at $105.92, as Middle East ship attacks and a US stock draw outweighed an IEA diesel release.

Oil rose more than 2% on Thursday as US-Iran talks showed little sign of progress, with Brent near $105.51 and traders eyeing a US diesel export ban.

Global cumulative clean hydrogen investment has topped $130 billion as governments treat the fuel as an energy-security and industrial tool, the Hydrogen Council says.

A marine fuel supply squeeze at major shipping hubs has eased as the market adapts to prolonged Strait of Hormuz disruption, industry sources say.