Six More Weeks of Choked Hormuz Supply Could Send Oil to $200
Oil prices could jump to $200 per barrel and even higher if the Strait of Hormuz remains near-closed as it is at the moment, Fereidun Fesharaki, Chairman Emeritus of energy…
India Says 28 Oil and Gas Ships Are Stranded Near the Strait of Hormuz
At least 28 ships, including vessels carrying crude oil, liquefied petroleum gas (LPG), and LNG supplies to India, are currently stranded near the Strait of Hormuz, the Indian government has…
Chevron Reports “Extensive Damage” at Major LNG Project
Chevron’s Wheatstone LNG plant offshore Australia has suffered “extensive damage” from a cyclone that recently passed through Australia. The two liquefaction trains at the facility remain shut, Reuters quoted Chevron’s…
U.S. Gas Prices Top $4 as Middle East Conflict Disrupts Supply
The national average price for gasoline in the United States passed the $4 per gallon mark on Monday as the conflict in the Middle East continues to escalate. Later in…
Iranian Drone Sets Kuwaiti Oil Tanker on Fire
An Iranian drone reportedly hit a Kuwaiti oil tanker anchored at Dubai port, setting the vessel on fire, media reported earlier today, adding in later updates that the fire has…
