Hormuz Freeze Sends Brent-Dubai Spread to Multi-Year High
Brent’s premium to the Middle East’s Dubai benchmark has blown out to its widest level since 2022, confirmation that the global oil market is squarely trading on disruption. As of…
India’s Industrial Gas Supply Slashed After Qatar Suspends Output
India’s gas marketing companies have informed industrial customers they would receive lower gas supply, industry sources told Reuters, after Qatar announced on Monday it would halt LNG production due to…
Oil Prices Surge to $84 as Supply Risk Becomes Real
Oil prices jumped by 8% early on Tuesday as markets brace for a prolonged conflict in the Middle East and fears of supply disruptions began to materialize. As of 7:00…
European Gas Prices Soar 30% as Qatar Halts LNG Output
Following a 40% surge on Monday, Europe’s benchmark natural gas prices soared by another 30% at opening on Tuesday as the halt of LNG production in Qatar, the world’s second-largest…
Asian Refiners Mull Slashing Crude Processing as Iran War Threatens Supply
Asian refiners, particularly state-held majors heavily dependent on Middle East oil supply, are considering slashing crude run rates by up to 30% amid the war in Iran that is holding…
U.S. Not Planning To Tap Strategic Petroleum Reserve Immediately
The United States does not plan an immediate release crude from the Strategic Petroleum Reserve (SPR) as a means to mitigate the effect of the Iran war on global oil…
Analysts Warn of Largest Oil Supply Disruption in History
The war between the United States and Israel against Iran has the potential to be the largest oil supply disruption in history if oil flows via the narrow Strait of…
