US diesel crack surpasses US$100 a barrel for the first time on supply disruptions
The US diesel crack, a key measure of refining profitability, hit an all-time high of US$102.20 a barrel…
Oil Steady After Trump-Xi Talks as Iran War Remains in Limbo
(Bloomberg) — Oil was steady following a meeting between US President Donald Trump and Chinese leader Xi Jinping,…
US releases another wave of emergency oil as gas prices bite
The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US…
The Billion-Barrel Hormuz Oil Shock Is About to Crash Demand
(Bloomberg) — The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows…
IEA Chief Warns Of ‘Biggest Energy Security Threat In History’ As Hormuz Crisis Deepens: ‘Getting Worse Every Day’
The world is facing its worst-ever energy security crisis, according to Fatih Birol, the head of the International…
Hoarding Is Driving Energy Prices Higher Everywhere
In economics textbooks, higher energy prices from the war in the Middle East display the power of the…
Global pivot to renewables seen accelerating as Hormuz uncertainty upends energy security
Global efforts to diversify energy sources are set to accelerate as the US-Israel conflict with Iran inflicts an…
Why the Real Oil Crisis Hasn’t Started Yet
It’s been a month since the Strait of Hormuz was effectively closed, and the “shockwave” of higher prices…
Over 400 million barrels of emergency oil reserves to flow to global markets soon, IEA says
PARIS, – Oil from the International Energy Agency emergency reserves will begin flowing to global markets soon, with…
Oil prices surge toward $100 as IEA calls war in Iran ‘the largest supply disruption’ in history
Twenty-four hours after the International Energy Agency (IEA) announced a 400 million-barrel release from the Group of Seven…
The Iran War Is Making the Case for Renewable Energy, Experts Argue
The war between the United States, Israel and Iran has triggered the largest disruption to global oil supplies…
IEA tackles Iran war oil price spikes with record stocks release plan, markets not convinced
By America Hernandez and Alex Lawler PARIS/LONDON, March 11 (Reuters) – The International Energy Agency on Wednesday agreed…