LNG price surge raises risk of demand strain in Asia
The escalating Middle East conflict is beginning to hit liquefied natural gas (LNG) markets with force, driving sharp price increases and raising the risk of demand strain across Asia’s import-dependent…
Brent Oil Dips Below $100 as Trump Signals End to Iran War
Brent Crude oil futures plunged by 4% early on Wednesday to trade below $100 per barrel for the first time in a week, after U.S. President Donald Trump signaled the…
OPEC Output Plunges by 7 Million Bpd as War Chokes Supply
Crude oil production by OPEC members dropped by 7.2 million barrels daily last month, according to a Reuters survey using data from platform LSEG and analytics information providers, including Kpler,…
India’s Aviation Market Rocked by Wild Jet Fuel Price Swings
Indian Oil Corp. earlier today raised jet fuel prices for local airlines significantly, before cutting them sharply hours later, media are reporting, as the world’s third-largest importer of crude grapples…
US Crude Oil Inventories See Surprise 10 Million Barrel Spike
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by a staggering 10.263 million barrels in the week ending March 27. In the week…
Oil Prices Plunge on De-Escalation Hopes
Oil prices plunged today on fresh de-escalation hopes, Naeem Aslam, CIO Zaye Capital Markets, said in a statement sent to Rigzone on Wednesday. In the statement, Aslam highlighted that West…
