Oil Price Shock Could Worsen If U.S. Seizes Iran’s Strategic Oil Island

JP Morgan has warned that Iran’s oil production could be slashed in half and oil exports could virtually stall if U.S.-Israeli seize Iran’s Kharg Island, worsening the ongoing global oil…

Record Volumes of Sanctioned Oil Sit on Tankers Offshore China

Record volumes of nearly 40 million barrels of sanctioned Iranian, Russian, and Venezuelan crude are idling in floating storage on tankers near China, according to Kpler data cited by Bloomberg…

Broad Agreement in G7 Not to Release Oil Reserves Just Yet, Says G7 Official

(Reuters) – There was broad agreement among the Group of Seven finance ministers on Monday not to release strategic oil reserves just yet, a G7 official said. G7 finance ministers…

How Might Trump Combat the Spike in Oil Prices?

(Reuters) – U.S. President Donald Trump is expected to review as early as Monday a set of options to tame oil prices, which have soared to the highest level since…

Back to the 1970s? Investors Brace for a Return of Stagflation

(Reuters) – Investors are now seriously considering the possibility that war in the Middle East could create a stagflationary shock, just as it did 50 years ago, when disruption to…

US Considering Selling Oil From Strategic Reserve, US Energy Chief Says

By PLATTEVILLE, Colorado, March 9 (Reuters) – The U.S. is considering coordinating ​sales of oil from the U.S. Strategic Petroleum Reserve with ‌releases from other countries as prices soar during…

Trump Weighs Easing Russia Sanctions, Other Measures to Cool Oil Prices

By Trump weighs steps to ease oil prices Options include Russia sanctions relief, G7 oil reserve release Strait of Hormuz disruptions limit immediate impact March 9 (Reuters) – U.S. President…

Von der Leyen: It was strategic mistake to turn against nuclear

Von der Leyen said the EUR200 million (USD232 million) investment, funded via the Emissions Trading System, will help the European Union’s “home-grown low-carbon energy sources: nuclear and renewables … become…