Global Fuel Prices Are Surging as the Middle East War Hits Consumers
The jump in oil prices due to the war in the Middle East has translated into fuel price hikes across the world, from the United States to Europe and Asia.…
Russian Tanker Set to Arrive in Cuba Despite U.S. Blockade
A tanker loaded with Russian fuel is set to arrive in Cuba as the United States considers lifting the blockade of the island to let it pass, Bloomberg reported today,…
Trump Says He Wants to “Take the Oil” in Iran
President Donald Trump has suggested the United States may try to take over Iran’s oil the way it did with Venezuela’s, per a Financial Times interview. “To be honest with…
JPM Warns of Vulnerability That Could Add $20 to Oil Price
Yemen’s Houthi rebels have now formally joined the escalating Middle East conflict, J.P. Morgan analysts, including the company’s head of global commodities strategy, Natasha Kaneva, said in a report sent to Rigzone…
