Iran War threatens to hit global energy markets for a long time
Even if the U.S. and Israel's war against Iran ends soon, consumers and businesses around the world could face weeks or even months of higher fuel costs as suppliers deal…
Document shows EU is looking to reduce energy bills for industry
A document obtained by revealed that the 'European Union' is looking at energy?taxes and network charges, as well as?carbon _costs, to see if they can be used in short-term…
The Iran War threatens to have a long-lasting impact on global energy markets
Even if the conflict with Iran ends soon, consumers and businesses could face weeks or even months of higher fuel prices. This is because suppliers are dealing with damaged facilities…
India increases cooking gas prices after Iran war affects supply
Indian 'companies' have increased the price of liquefied petrol gas, mainly used as a cooking fuel for the first time in about a?year, due to the global price surge caused by the U.S./Israel war against Iran…
Iran conflict increases U.S. Gulf Oil prices to their highest level since 2020
The price of U.S. Gulf Coast Heavy Grades continued to rise?on Friday, as the Iran Conflict prompted several Middle -Eastern producers to reduce production. This prompted?buyers and?sellers to grab?U.S.
Baker Hughes reports that US drillers have added oil and gas rigs to their fleet for the first time in four-weeks.
Energy services firm Baker Hughes reported on Friday that U.S. energy firms added oil and gas rigs this week for the first time since four weeks. Baker Hughes reported that…
Oil derivatives indicate traders view Middle East shocks as short-lived
Oil futures and options are signaling that the Middle East conflict could be short-lived as traders rush to?structures which profit from a decline in prices following the initial spike.
Russian Urals Prices Tops Brent in Indian Market for the First Time
Russian flagship Urals oil is selling at a premium to the Brent international benchmark at delivery in Indian ports for the first time ever, fuelled by rising demand due to the Iran war…
QatarEnergy leases 10 LNG tankers amid a production halt and soaring shipping costs, according to sources
QatarEnergy offers 10 liquefied 'natural gas' tankers to lease, according to two industry sources. This comes after the 'world’s second largest?LNG - exporter announced…
BP wants at least $3.7 Billion from Venture Global arbitration, a filing states
Venture Global's yearly report shows that BP wants at least $3.7billion from its arbitration victory against?Venture Global, in a case involving liquefied?gas (LNG). According to the report released this week…
Bangladesh restricts fuel purchases due to Middle East conflict
Bangladesh imposed daily fuel sales limits in response to a 'panic buying' and a'stockpiling of fuels, which raised concerns over supply as the Middle East war roiled the global energy markets.
Indian refiners seeking legal opinion to purchase sanctioned Russian oil through US waiver
Two government sources confirmed that Indian refiners were seeking legal advice on how to purchase Russian oil sanctioned by Washington after New Delhi was granted a waiver…
VEGOILS - Palm logs weekly increase, reaches four-month peak
The market for Malaysian palm oils futures rose to its highest level in four months on Friday, and recorded a weekly gain as the market was supported by a stronger Dalian edible oil and a weaker Ringgit.
Qatar's energy minister warns that war will force Gulf countries to stop exporting energy within weeks.
In an interview published by the Financial Times on Friday, Qatar's Energy Minister Saad al-Kaabi said that the country expects all Gulf energy producers to stop exports…
The price of gas in Europe is more volatile due to the growing competition from LNG
Dutch and British wholesale prices of gas have slowed the huge gains they made this week, but remain volatile due to increased competition worldwide among buyers for replacements of lost Qatari LNG cargoes.
Japanese stocks set to drop the most in 11 months this week on Middle East conflict
The Japanese stock market suffered its steepest weekly?drop since almost a full year on Friday as?the Middle East conflict? severely disrupted oil traffic through the Strait of Hormuz. This?crippled supply?
Palmetto reaches highest level in five weeks; set for weekly gains
Malaysian palm futures rose?to the highest level in five week?on friday, supported by stronger Dalian edible oils and a weaker ringgit. They were also poised to post weekly gains.
Japan's Nikkei to suffer its biggest weekly decline in 11 months due to Middle East conflict
Investors slashed riskier assets as renewed worries arose over the Middle East conflict. The Nikkei Index was flat as of 0219 GMT. It had dropped as much as 1.4% in the morning…
Brazil's Petrobras reports a near $3 billion net income and plans a $1.5 billion dividend
In separate filings, the Brazilian state-run oil company?Petrobras announced a fourth-quarter net profit of?15.6?billion dollars ($2.96 billion). It plans to distribute…
Sources say that oilfield production in Iraqi Kurdistan has been halted after a drone strike.
Security sources and an oilfield engineer confirmed that a drone strike struck an 'oilfield operated by U.S. company HKN Energy? in Iraq's Kurdistan Region on Thursday. The attack caused a fire?