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…
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…
OPEC+ Approves Modest Output Hike as Iran War Jolts Oil Markets
OPEC+ agreed on Sunday to raise oil output by a modest 206,000 barrels per day (bpd) in April, opting for a cautious supply increase even as the U.S.-Israeli war on…
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 Could Pass $100 as Strait of Hormuz Traffic Halts
Higher oil and gas prices are certain as the closure of the Strait of Hormuz threatens to disrupt 15 percent of global oil supply and 20 percent of global LNG…
