US-Israeli War on Iran Causes Major Oil, Gas Disruptions
The U.S. and Israel war against Iran has 'disrupted oil and gas exports out of the Middle East and forced production stops from Qatar to Iraq. Here are the main energy disruptions that have occurred so far.
US considers oil tanker insurance to ease Middle East crude shipping, sources say
Two sources say that U.S. president Donald Trump will review on Tuesday a number of policy options to control energy prices in the face of the escalating conflict in the Middle East.
US-Israeli War on Iran Causes Major Oil, Gas Disruptions
The U.S. and Israel war against Iran has caused oil and gas exports to be disrupted from the Middle East, and production from Qatar?to Iraq was forced to stop. Here are…
Global Energy Prices Jump as Middle East Crisis Interrupts Shipping, Oil Production
Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities…
TSX drops nearly 4% amid inflation fears fueled by Middle East conflict
Canada's main index of stocks fell on Tuesday, as the Middle East conflict entered its 4th day. This was due to sector-wide losses. As of 10:24 a.m., the S&P/TSX Composite Index was down 3.97%…
Venture Global shares soar after court rejects Shell’s challenge to LNG ruling
Venture Global's shares jumped by more than 8% Tuesday, reaching their highest level since 10 October after a New York court rejected Shell's bid to overturn an arbitral award in favor of the U.S.
Brent oil prices continue to rise amid Iran conflict with Brent reaching a 19-month high
The price of crude oil rose by about 7% Tuesday. This is the third time that oil prices have risen in a row. As the U.S./Israeli conflict with Iran intensifies, fuel shipments are disrupted…
Venture Global shares soar after court rejects Shell’s challenge to LNG ruling
Venture Global soared 17% on Tuesday in premarket trading after a New York court denied Shell's request for an arbitration award which favored the U.S. based developer of liquefied natural gas.
The number of forward contracts on the U.S./Iran conflict has increased by more than a month
European forward power contracts hit multi-month highs 'on Tuesday. They tracked higher natural gas prices and oil as the U.S. - Iran conflict intensified following the…
India looks for alternative energy sources amid Strait of Hormuz disruption
A government source revealed on Tuesday that India is looking for alternative sources of crude oil, liquefied petroleum and natural gas in order to be prepared if the conflict…
Palm extends its rally for third session as it tracks rivals and higher crude
The price of Malaysian palm oil futures rose for the third consecutive session on Tuesday. They settled at their highest level in nearly four weeks. This was due to gains…
EUROPE GAS-European Gas Prices soar by more than 40% due to LNG Supply Fears
The benchmark Dutch and British gas price rose by more than 40% in the morning of Tuesday, as fears about supply grew after Iran and Israel intensified their attacks on the Middle East…
Allianz GI acquires a 50% stake in German battery projects from TotalEnergies
TotalEnergies, the French oil giant, has sold to Allianz Global Investors a 50% share in?11 batteries projects in Germany that are under construction. The companies announced…
Sources: India cuts gas supply to industries following Qatar outage
Four industry sources with knowledge of the situation said that Indian companies reduced their natural gas supply to industries on Tuesday in anticipation of a tighter Middle…
The price of oil is rising as the US-Israeli war against Iran escalates supply risks
Brent rose by more than $3 Tuesday, marking a third consecutive day of gains. The U.S. - Israel conflict?with Iran?and threats to shipping via the Strait of Hormuz?increased…
Sources: India cuts gas supply to industries following Qatar outage
Four industry sources said that Indian companies reduced their natural gas supply to industries on Tuesday in anticipation of a 'tighter supply' from the Middle East, after Qatar…
Palm oil rises for a third session and follows rivals who are firmer, while crude is higher
The price of Malaysian palm oils futures rose for the third time on Tuesday. This was due to the rise in crude oil prices and gains in rival edible oils traded in Dalian and Chicago…
Oil prices rise as US-Israeli conflict escalates with Iran
Tuesday, oil prices increased for a third consecutive day as fears of supply disruptions from the Middle East region grew due to the U.S. - Israel conflict and threats against…
Minister: Qatar LNG stoppage won't affect Japan's energy supplies immediately
Qatar's LNG production halt caused by Iranian strikes won't affect Japan's supply of energy immediately. If there is an impact, Japan can tap the spot market, or utilities can buy from one another…
Analysts say that the Iran war could threaten Exxon TotalEnergies' production
Analysts said that Exxon Mobil and TotalEnergies are the three companies most exposed to disruptions of oil and gas production due to the U.S./Israel war against Iran. Energy…