Tag: Oil and Gas
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Oil prices rise after Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz
Saudi Arabia has faced escalating attacks from Iran-allied militant groups in recent days.
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Vessel struck in Strait of Hormuz, UKMTO says, as prospects for U.S.-Iran diplomacy appear elusive
The latest strike happened ahead of an expected meeting between Iranian and Gulf officials in Oman to sign an agreement for shipping through the strait.
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China’s Xi urges BRICS nations to work towards peace in the Middle East
China, Iran’s biggest trading partner and a key customer of Tehran’s energy exports, is willing to work with BRICS towards peace in the region, Xi said.
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Saudi Arabia shut down East-West crude oil pipeline after multiple attacks
Iran-allied Houthi militants in Yemen have escalated strikes on Saudi Arabia this week.
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IEA warns global oil refining system ‘stretched to the limit’ as Iran, Ukraine wars tighten market
The energy agency warned shrinking inventories and strained refineries could further tighten markets.
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Oil prices fall sharply after double-digit weekly gains above $100
The decline snapped multi-day winning streaks for both Brent and WTI crude oil futures.
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Iran-backed Houthis seize key port in Yemen, advance on another vital oil choke point
The advance raises the threat to shipping near the Bab el-Mandeb Strait, a waterway that connects the Red Sea to the Gulf of Aden to global markets.
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Trump says he has no regrets about starting the Iran war as U.S. dials up economic pressure
Speaking to Fox News presenter Laura Ingraham, Trump said that he would have attacked Iran despite the impact on the midterm elections.
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Wealthy investors seek oil and gas assets, but bargains are scarce
The Iran war and the AI boom have created a crowded market for mineral rights and other energy assets.
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Oil extends gains, with Brent above $101 after U.S. destroys Iranian oil tankers
Worries that escalating tensions in the Middle East could further exacerbate supply disruptions pushed oil prices higher.
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