India Mulls Return to Russian Oil as Iran War Halts Middle East Flows
India is considering returning to buying Russian crude amassed in floating storage in Asia as the war in Iran and Tehran’s retaliatory strikes in the region have severely disrupted oil…
Ukrainian Drones Strike Major Russian Oil Export Hub on Black Sea
Ukrainian drones hit an oil terminal at the Russian port of Novorossiysk, setting the depot on fire, according to a report by Russian outlet Astra. Ukrainian outlet Exilenova Plus reported…
Goldman: Asian and European LNG Prices Could Jump 130%
The escalating conflict in the Middle East is delaying LNG shipments via the Strait of Hormuz from key exporters in the region, putting severe upward pressure on spot LNG prices…
Analysts See $100 Oil on Strait of Hormuz Disruption
Following the escalation of the conflict in the Middle East, energy analysts and investment banks expect oil prices to surge this week to $90 with chances of hitting $100 per…
Oil Prices Soar Amid Escalating Middle East Conflict
Oil prices surged on Monday as the fallout from U.S. and Israeli military strikes on Iran rippled through global energy markets, with tanker traffic through the Strait of Hormuz already…
