Tag: Oil and Gas
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Oil prices ease but are set for 10% weekly gain as Trump mulls ‘bigger than ever’ attack on Iran
Oil prices dropped by around 4% on Friday, but remained on track for a weekly jump of 10% as the U.S.-Iran war continued to escalate.
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Russian attack cuts power to around 150,000 in Ukraine’s north as Kyiv hits missile, oil facilities
The update comes as Ukrainian President Volodymyr Zelenskyy welcomed strikes on a key missile components facility in the Russian city of Kirov.
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Southwest Airlines put Texas jet fuel on a boat to LA for the first time amid supply worries
Southwest hired a ship this spring to send fuel from Houston to Los Angeles in case of supply shortages.
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Congress splits on war powers resolutions to force Trump to abandon Iran war
Trump would be nearly certain to veto any measure to curtail his ability to wage war with Iran.
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Houthis claim strikes on Saudi Arabian oil tankers in Red Sea as Iran conflict expands
Yemen’s Houthis said they had targeted two Saudi Arabian oil tankers with drones and missiles for allegedly violating its maritime blockade.
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Oil extends gains as Trump threatens strikes on critical Iranian infrastructure
Oil prices rose after U.S. President Donald Trump threatened to bomb Iranian infrastructure in response to any attacks on ships transiting the Strait of Hormuz.
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Analysis: Iran war energy shock hits the U.S. economy as gas and diesel prices climb
A new asymmetry in the market means fuel prices won’t fall quickly even if the shooting in the Iran war and Strait of Hormuz stops.
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Oil prices jump 4% as Rubio says Iran ‘not serious’ about peace talks
Oil prices rose as hopes for a ceasefire in the Middle East faded.
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India steps up energy shift as costs and tariff pressures mount — oil blending push sparks backlash
India is banking on alternative fuels as it prioritizes energy security amid high oil prices and supply constraints.
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U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire
The latest cycle of strikes comes amid reports that regional mediators have presented Washington and Tehran with a proposal for a 10-day ceasefire.
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