U.S. President Trump’s strike on Iran has raised fresh concerns over global oil supply, with risks to Iran’s 3 million bpd production and potential disruption to Strait of Hormuz shipments that carry roughly 20% of global crude flows.
U.S. President Trump’s strike on Iran has raised fresh concerns over global oil supply, with risks to Iran’s 3 million bpd production and potential disruption to Strait of Hormuz shipments that carry roughly 20% of global crude flows.
(Bloomberg) – Major OPEC+ nations agreed to keep oil production quotas unchanged next month, as conflict in the Middle East continues to shutter swaths of the group’s output. A sub-group…
Japanese energy firm JERA is creating an oil storage company which will exclusively manage the operation of the national petroleum stockpiling bases that JERA currently operates, as the Middle East…