Iran Earning $139 Million a Day From Oil as Hormuz Crisis Locks Out Rivals
Iran’s oil exports have not collapsed and are fetching much higher prices than before the war, handing Tehran handsome extra revenues from its crude, which is the only one unimpeded…
What Does the Oil Futures Curve Show?
Has there been a change in pre-war Brent oil price future curve data compared with post-war Brent data? And if so, what does this change show and suggest? These were…
Second Tanker Hit in Weeks as Black Sea Drone Strikes Russian Oil Cargo
A tanker carrying Russian oil was hit on Thursday by an unmanned marine vehicle in the Black Sea near Istanbul, Turkish authorities said. The Altura crude oil tanker, which is…
Barclays: Prolonged Hormuz Blockage Could Wipe Out 14 Million Bpd of Oil Supply
The global oil market could lose up to 14 million barrels per day (bpd) of supply if the blockage at the Strait of Hormuz extends for more weeks, according to…
Iraq’s Economy Reels as Hormuz Blockade Chokes Oil Revenues
Iraq is seeing the worst of the Middle East crisis as its heavily oil-dependent economy is now collapsing with the trickling oil revenues amid the blockage of the Strait of…
Australia Delays Its Gas Crunch
Australia’s natural gas supply outlook has improved in recent months as near-term supply has improved, pushing back the expectation of extreme?peak-day?shortfalls in southern Australia to 2030, a year later than…
