India’s gas cuts signal wider Asian pain as Gulf LNG crisis worsens
Middle East conflict underlines need for UK ‘to maximise existing reserves’
US Natural Gas Futures Leap 6% as Middle East Conflict Disrupts Global Supplies
(Reuters) – U.S. natural gas futures jumped about 6% to a two-week high on Tuesday on soaring oil and gas prices around the world as the U.S.-Israeli war against Iran…
US Considering Oil Tanker Insurance Support to Ease Middle East Crude Shipments, Sources Say
(Reuters) – President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict, including a proposal for the…
India’s Industrial Gas Supply Slashed After Qatar Suspends Output
India’s gas marketing companies have informed industrial customers they would receive lower gas supply, industry sources told Reuters, after Qatar announced on Monday it would halt LNG production due to…
U.S. Not Planning To Tap Strategic Petroleum Reserve Immediately
The United States does not plan an immediate release crude from the Strategic Petroleum Reserve (SPR) as a means to mitigate the effect of the Iran war on global oil…
Asian Refiners Mull Slashing Crude Processing as Iran War Threatens Supply
Asian refiners, particularly state-held majors heavily dependent on Middle East oil supply, are considering slashing crude run rates by up to 30% amid the war in Iran that is holding…
European Gas Prices Soar 30% as Qatar Halts LNG Output
Following a 40% surge on Monday, Europe’s benchmark natural gas prices soared by another 30% at opening on Tuesday as the halt of LNG production in Qatar, the world’s second-largest…
Oil Prices Surge to $84 as Supply Risk Becomes Real
Oil prices jumped by 8% early on Tuesday as markets brace for a prolonged conflict in the Middle East and fears of supply disruptions began to materialize. As of 7:00…
