EUROPE GAS - European gas prices are soaring as Trump's deadline for Iran approaches
The benchmark Dutch and British wholesale gas prices were in a tight range on Tuesday after the U.S. rejected the Pakistani-brokered U.S. proposal for an immediate 'ceasefire'…
Basra Oil Chief: Iraq could return oil exports within a week to the pre-war levels if Hormuz is reopened.
The head of Iraq's state-run Basra Oil Company has said that the country could resume crude oil exports in a week, provided the?Iran war ends and the Strait?Hormuz is reopened.
Singapore announces $780 Million Package to Cushion Impact of Middle East War
Singapore will provide a package of support worth S$1 billion ($780 millions), including cash and fuel vouchers to help 'offset the impact of the Middle East conflict on the economy…
Palm oil prices rise on stronger crude oil and strong exports
Malaysian palm futures rose on Tuesday as the market recovered its losses from the previous session. This was due to a combination of a stronger crude oil price and strong export momentum.
Russell: It's time for the world to stop delusions about the Iran Energy Crisis.
LAUNCESTON (Australia), April 7: The U.S.-Israeli war against Iran is characterized by miscalculations on the part of all parties involved, including those who are peripheral.
Energy prices spiked ahead of the election, threatening Brazil's free gas for cooking program
Fuel?distributors and resellers?and analysts?warned, six months before a presidential elections?that rising energy prices could?scupper?a popular Brazilian program?that?provides?free…
Energy prices spiked ahead of the election, threatening Brazil's free gas for cooking program
Fuel distributors and resellers warned that rising energy prices could end a popular Brazilian cooking gas program, which provides free gas to around 50 million people.
Oil Prices Fall as US, Iran Consider Ceasefire Proposal Framework
Oil prices retreated in choppy trade on Monday, as investors awaited clarity on the status of indirect talks between the U.S. and Iran, wary about sustained supply losses…
Indian Refiner Reliance Buys Venezuelan Crude From State-Run PDVSA
A unit of India's refiner Reliance Industries has begun loading a 2-million-barrel cargo of Venezuelan heavy crude directly bought from state-run energy company PDVSA, according…
Basra Oil Chief: Iraq could return oil exports within a week to the pre-war levels if Hormuz is reopened.
BASRA (Iraq), April 6 - Iraq's crude oil exports could be restored to around 3.4m barrels per day in a week if the Iran War ends and the Strait of Hormuz is reopened, according to the head of Basra Oil Company…
Lee, South Korea's Lee, says the country must balance risks as disruptions to oil supply from Hormuz threatens the country.
South Korea must accept some risk when importing crude oil from Middle East due to the blockade of the Strait of Hormuz. This was the message of President Lee Jae Myung on Monday.
Zelenskiy pledges increased security cooperation with Turkey in Istanbul
After meeting with his Turkish counterpart Tayyip Erdogan on Saturday in Istanbul, Ukraine's president Volodymyr Zelenskiy called for a?greater co-operation between the two countries.
India buys Iranian oil for the first time in seven years without any payment issues
The oil ministry announced on Saturday that Indian refiners had purchased Iranian oil?amid a Middle East conflict which has?disrupted supplies via the Strait of Hormuz.
US intelligence warns Iran is unlikely to ease its chokehold on the Hormuz Strait soon, according to sources
According to three sources familiar with the issue, recent U.S. Intelligence reports have warned that Iran is unlikely to open up the Strait of Hormuz anytime soon as its…
VEGOILS - Palm closes on 15-month-high, logs 5th straight weekly gain
Malaysian palm futures rose almost 1% on Friday, logging a fifth consecutive weekly gain, driven by expectations for lower inventories and Indonesia's plans to produce B50 biodiesel…
Russia's oil revenue fell 43% year-on-year in March, according to the Finance Ministry
According to data released by the Finance Ministry on Friday, Russian state oil and gas revenues declined in March by a whopping '43%, to 617 billion Russian roubles (US$7.72 billion)…
South Korea and France agree to intensify defence cooperation amid Middle East conflict
South Korean President Lee Jae Myung said that he and French President Emmanuel Macron planned to 'boost defence co-operation and work together in order to address 'the…
Palm oil to rise for fifth week on lower stock expectations and biodiesel optimism
Malaysian palm oil futures were up on Friday and headed for a fifth consecutive weekly gain. This was due to expectations of lower inventories, Indonesia’s B50 biodiesel plans…
Bangladesh reduces working hours in order to save energy during Middle East crisis
Bangladesh has taken new measures to reduce energy consumption, including cutting office hours and reducing public spending. Conflict in the Middle East is disrupting global…
Golden Pass LNG to load its first export cargo in Texas amid record feedgas consumption
According to a trading resource and LSEG ship tracking data, the HL Sea Eagle LNG tanker is expected to arrive at Golden Pass Export Terminal in Texas on the 20th of April…