SLB’s Q1 profit drops due to Middle East conflict
Results trail rivals Halliburton and Baker Hughes beat expectations for quarterly profit, though both rivals warned of near-term…
US Israel Iran War Ceasefire News Live Updates: Biggest US naval power build-up since 2003
US President Donald Trump said on Tuesday he would indefinitely extend the ceasefire with Iran just hours before…
Geopolitical chaos forces Baltic Exchange to rethink rate benchmarks
While the consultation does not remove the risk of a benchmark suspension, it is intended to help mitigate…
European gas markets hold breath as Trump’s Iran deadline nears
Benchmark Dutch and British wholesale gas prices traded in a narrow range on Tuesday morning after Iran rejected…
Saudi sets record premium for crude shipments to Asian markets
Saudi Arabia has set the official selling price of May Arab Light crude oil to Asia at a…
Asia’s oil buying spree tightens European and African markets
In an example of tightening markets, North Sea Forties crude surged to a $7.20 per barrel premium to…
US natural gas prices retreat to monthly low as profit taking begins
Analysts at Ritterbusch and Associates said they, “believe that a significant decline in production or any unexpected supply…
Central bank warns of Middle East risks but upbeat on AI-driven growth
Taipei, March 21 (CNA) Taiwan’s central bank has warned that the ongoing war in the Middle East posed…
IEA head says oil reserve release had “strong” market impact
The IEA’s decision to release 400 million barrels of oil from global strategic reserves has already had a…
European gas prices climb as LNG supply risks rattle markets
Around 20 per cent of the world’s LNG typically transits through the Strait of Hormuz but shipping through…
European gas prices rise on reports of Iranian mines in Hormuz
Tenders for LNG for delivery in March have remained unawarded, indicating a shortage of immediately available fuel. This…
India’s GAIL moves to plug supply gaps with fresh LNG tender
India’s largest gas distributor, GAIL, has issued a tender seeking a cargo of liquefied natural gas (LNG) for…