Asia Turns to U.S. Oil as War Chokes Middle East Supply
U.S. crude loadings for Asia are set for a three-year in April as Asian refiners are accelerating buying of American oil to partially offset the loss of supply from the…
Israel Says It Will Spare Iran Energy Sites
Israel said it will no longer target energy infrastructure after an attack on an Iranian gas field sparked retaliatory strikes against energy assets across the Middle East, causing oil and…
Japan’s Jera Sees Iran War Pushing LNG Buyers to U.S. and Canada
More buyers could be pushed to seek and contract LNG supply from producers outside the Middle East, such as the U.S. and Canada, if a prolonged war continues to choke…
Iranian Attack on Qatar LNG Hub Sends European Gas Soaring 35%
Europe’s benchmark natural gas prices jumped by 35% at market open on Thursday, as fears of persistent gas supply disruptions intensified following the Iranian attack on Qatar’s Ras Laffan Industrial…
Brent Jumps 7% to $114 as Spread With WTI Widens to 11-Year High
The Brent-WTI spread widened sharply in early trading Thursday, pushing toward an 11-year high as Middle East supply disruptions drove a deepening split between global and U.S. crude markets. Brent…
Oil Prices Continue Ascent
In an exclusive interview with Rigzone on Thursday, Art Hogan, Chief Market Strategist at B. Riley Wealth, said oil prices “continued their ascent overnight as strikes on key energy infrastructure…
Oil Prices Could Hit $150 If War Continues Through End of March
Oil prices could soar to $150 per barrel or more if the Middle East war continues until the end of March, Kpler says, as the conflict escalates with Iran intensifying…
Iran Strikes Saudi Red Sea Refinery as Oil Threats Escalate
The Samref refinery in Saudi Arabia’s Red Sea coastal city of Yanbu was the target of an aerial attack early on Thursday, with minimal impact on operations, an industry source…
