Saudi Arabia Slashes Oil Supply to Asia as War Chokes Export Route
Saudi Arabia is slashing its crude oil exports to Asia in April, for a second month in a row, as the de facto closed Strait of Hormuz is stranding most…
Indian LPG Cargoes Pass Through Strait of Hormuz
India-flagged carriers loaded with liquefied petroleum gas (LPG) were passing through the Strait of Hormuz on Monday close to the Iranian coastline, in a sign that Iran is allowing some…
Goldman Boosts Oil Price Forecast by $8 for Brent and $7 for WTI
Brent crude is seen averaging $85 per barrel this year, and West Texas Intermediate could see an average price of $79, Goldman Sachs commodity analysts said in a note released…
IEA Signals Readiness for Another Emergency Oil Release
The International Energy Agency could release additional volumes of crude from storage should the need arise, the head of the agency, Fatih Birol, said today. “If it is necessary, of…
India Holds Fuel Prices Steady Even as Oil Basket Soars Above $155
Indian retail fuel prices are stable despite a surge in the oil basket price to over $155 per barrel, the Hindustan Times reported today, citing energy industry executives. The Indian…
QatarEnergy Missile Strikes May Cause $100B Revenue Loss
In a statement posted on its website recently, QatarEnergy said it expects the damage to its Ras Laffan Industrial City caused by missile strikes to cost about $20 billion a…
