Oil Prices Dip as U.S. Opens Brief Window for Stranded Russian Crude
Oil prices edged lower in early Asian trade on Friday morning after the United States issued a temporary…
Crude oil hits $100 a barrel as Iran vows to keep fighting after 6,000 US airstrikes
Easing Russian sanctions could open access to about 125 million barrels of crude The Trump administration is trying…
Rice shipment heading for Toronto food banks struck near Iran as war continues
Effects of the Mideast conflict are now reverberating in Toronto after a shipment of rice meant for the…
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…
East-West Pipeline Key to Saudi Arabia’s New Oil Export StrategyRussia Emerges As The Biggest Winner In Middle East War
As the Strait of Hormuz remains de facto closed for tanker traffic, Saudi Arabia is scrambling to hike…
Central Banks Scramble as War Drives Up Inflation Expectations
Energy shocks rarely remain confined to energy markets. They propagate through bond markets, fiscal balances and inflation expectations,…
Brent Oil Briefly Tops $100 as Impact From Iran Conflict Deepens
Bloomberg (Bloomberg) — Brent briefly jumped back above $100 a barrel after the Iran war led to more…
Aramco Asks Asian Buyers for Dual Red Sea-Hormuz Oil Supply Plans
Saudi Arabia’s oil giant Aramco is requesting from Asian buyers to nominate crude loading plans for April for…
Wealthy nations pledge record release of emergency oil reserves in a bid to calm surging prices
PARIS (AP) — A group representing many of the world’s wealthiest countries agreed Wednesday to release the largest…
Qatar’s LNG Shutdown Sends Shockwaves Through Global Gas Markets
QatarEnergy’s shutdown of its LNG production complex has resulted in a streak of five days with zero shipments…
IEA Mulls Emergency Action To Unleash Oil Reserves
Global energy leaders are gathering to decide whether to release emergency oil reserves as production and export disruptions…
Aramco Warns of Catastrophic Consequences from Hormuz Crisis
The oil market would experience “catastrophic consequences” if the halt to Strait of Hormuz tanker traffic continues, according…