IEA: Strait of Hormuz Has Lost Its Status as Reliable Energy Route
The Middle East war and the crisis at the Strait of Hormuz could redraw the global energy map…
U.S. Oil Premiums Hit Record High as World Scrambles for Crude
The premiums for U.S. West Texas Intermediate crude have soared in the spot market to a record high…
Oil Could Hit $200 If Hormuz Stays Near-Closed for Six More Weeks, Expert Warns
Oil prices could jump to $200 per barrel and even higher if the Strait of Hormuz remains near-closed…
Macquarie: Two More Months of War Could Send Oil to $200
Oil prices could hit a record $200 per barrel if the war in the Middle East drags on…
Barclays: Prolonged Hormuz Blockage Could Wipe Out 14 Million Bpd of Oil Supply
The global oil market could lose up to 14 million barrels per day (bpd) of supply if the…
Banks Hike Oil Price Forecasts, and Some See $150 Crude
Investment banks are scrambling to revise up their oil price forecasts as the Middle East war cripples supply…
Goldman Sachs Hikes Brent Oil Forecast to Over $100 for March
Goldman Sachs expects Brent Crude prices to average over $100 per barrel this month as the Middle East…
IEA Warns of Largest Oil Supply Disruption in History
The Middle East war is creating the biggest supply disruption in the history of the oil market as…
Oil Prices Soar 29% as Iran Conflict Threatens Middle East Supply
Iranian President Masoud Pezeshkian has praised the appointment of Mojtaba Khamenei as the country’s new supreme leader, calling…