The Pacific winners from Gulf energy shutdown
G7 Nations Delay Strategic Oil Reserve Release Decision
Finance ministers from the Group of Seven (G7) countries reached a broad agreement on Monday to hold off the release of oil from their respective strategic reserves, for now. The…
Oil Prices Tumble After Trump Signals Iran War Could End Soon
Oil prices tumbled in early Asian trade on Tuesday after surging to their highest levels since 2022 a day earlier. The drop was driven by comments from Trump that suggested…
Trump Teases Early End to Iran War
President Donald Trump on Monday said the US and Israel were making significant progress in their war on Iran and could end the conflict “very soon,” curtailing an oil-price surge. Trump…
Oil Price Shock Could Worsen If U.S. Seizes Iran’s Strategic Oil Island
JP Morgan has warned that Iran’s oil production could be slashed in half and oil exports could virtually stall if U.S.-Israeli seize Iran’s Kharg Island, worsening the ongoing global oil…
Record Volumes of Sanctioned Oil Sit on Tankers Offshore China
Record volumes of nearly 40 million barrels of sanctioned Iranian, Russian, and Venezuelan crude are idling in floating storage on tankers near China, according to Kpler data cited by Bloomberg…
Broad Agreement in G7 Not to Release Oil Reserves Just Yet, Says G7 Official
(Reuters) – There was broad agreement among the Group of Seven finance ministers on Monday not to release strategic oil reserves just yet, a G7 official said. G7 finance ministers…
How Might Trump Combat the Spike in Oil Prices?
(Reuters) – U.S. President Donald Trump is expected to review as early as Monday a set of options to tame oil prices, which have soared to the highest level since…
Back to the 1970s? Investors Brace for a Return of Stagflation
(Reuters) – Investors are now seriously considering the possibility that war in the Middle East could create a stagflationary shock, just as it did 50 years ago, when disruption to…
