Why Oil Prices Haven’t Gone Crazy Despite 5 Months of US-Iran War
Halliburton Beats Estimates on Europe, Latin America Oilfield Services Demand
US War in Iran Has Cost $37.5 Billion so Far, Pentagon Says
Goldman Warns Oil Could Hit $120 as Middle East War Drags On
Oil Reverses Gains on Renewed Hope of Peace in Iran
Iran Says U.S. Struck Unfinished Nuclear Plant, Warns of Safety Risk
ADNOC Approves $6.2 Billion Gas Project in Abu Dhabi
Pakistan Shells Out Record Sums for Spot LNG as Qatar Supply Falters
India Keeps Buying Russian Oil at Near-Record Pace Despite Expired Waiver
UK Scraps 5% VAT on Electricity
U.S. Not Planning To Tap Strategic Petroleum Reserve Immediately
The United States does not plan an immediate release crude from the Strategic Petroleum Reserve (SPR) as a means to mitigate the effect of the Iran war on global oil…
Asian Refiners Mull Slashing Crude Processing as Iran War Threatens Supply
Asian refiners, particularly state-held majors heavily dependent on Middle East oil supply, are considering slashing crude run rates by up to 30% amid the war in Iran that is holding…
European Gas Prices Soar 30% as Qatar Halts LNG Output
Following a 40% surge on Monday, Europe’s benchmark natural gas prices soared by another 30% at opening on Tuesday as the halt of LNG production in Qatar, the world’s second-largest…
Oil Prices Surge to $84 as Supply Risk Becomes Real
Oil prices jumped by 8% early on Tuesday as markets brace for a prolonged conflict in the Middle East and fears of supply disruptions began to materialize. As of 7:00…
US LNG Exports Grew in February, New Output Could Help Fill Qatar Supply Gap
Reuters U.S. exports of liquefied natural gas rose more than 17% last month from a year earlier as Venture Global’s Plaquemines plant in Louisiana ramped up production and Cheniere brought…
Oil Prices Keep Climbing as Expanding Conflict Heightens Supply Risks
Summary Brent and WTI benchmarks gain more than $4 Vessels avoid Strait of Hormuz as freight rates soar Crude prices to remain elevated over coming days, say analysts (Reuters) –…
Analysts Warn of Largest Oil Supply Disruption in History
The war between the United States and Israel against Iran has the potential to be the largest oil supply disruption in history if oil flows via the narrow Strait of…
White House Prepares Plan to Combat Oil Price Spike
The United States will unveil a phased plan to mitigate the spike in oil prices amid the ongoing conflict in Iran and the wider Middle East, U.S. Secretary of State…
Iran War Pushes Middle East Oil Tanker Rates to All-Time High
The freight rate for a supertanker carrying crude oil on the key Middle East-to-China route hit a record high of more than $420,000 per day on Monday as the war…
