Oil Traders Reprice Hormuz Risk as Demand Outlook Deteriorates
September WTI crude oil futures are trading at $81.19 late Thursday, up $4.11, or 5.33%, for the week.…
Oil Prices Head for 4% Weekly Gain as U.S.-Iran Deadlock Drags On
Crude oil prices were on course to add 4% this week, as the United States and Iran indicated…
Hormuz LNG Attack Pushes Brent Above $90; Qatar Gas Carrier Disabled, No Bypass Exists
A Bermuda-flagged LNG carrier carrying Qatari gas lost all propulsion in the Strait of Hormuz late Friday after…
IEA Warns World Has Just Weeks to Avoid Hormuz Economic Shock
The world has just a few weeks before taking an economic toll from the re-escalation in the Middle…
World oil demand is set to fall for the first time since 2020, and the Gulf can’t shrug it off
The IEA says global oil demand will drop this year for the first time since the pandemic, and…
Oil Market Recovery Hinges on Hormuz Stability as IEA Warns Renewed Fighting Clouds Outlook
Global oil markets are beginning to recover from months of disruption, but the International Energy Agency says the…
IEA Warns Renewed U.S.-Iran Conflict Could Upend Oil Surplus Forecast
Despite the tentative recovery of oil flows through the Strait of Hormuz and the first build-up in global…
Hormuz oil exodus sets stage for chaotic rebalancing act
Refineries in Asia and Europe have largely secured crude supplies for July and August. (AFP pic) LONDON: Crude…
UAE beats Hormuz disruption as oil exports rebound to 85% of pre-war levels – Firstpost
The United Arab Emirates has emerged as one of the biggest success stories of the recent Gulf energy…
OPEC Chief Rejects IEA’s Oil Glut Warning as Strait of Hormuz Reopens
OPEC Secretary General Haitham Al Ghais has pushed back against forecasts from the International Energy Agency (IEA), which…
Hormuz Disruptions Threatening Global Economic Stability
The heads of four of the world’s top economic and energy institutions issued a rare joint warning Friday,…
IEA Warns Hormuz Crisis Could Trigger First Global Oil Demand Contraction Since Pandemic
The International Energy Agency is warning that the ongoing disruption in the Strait of Hormuz is triggering one of the…