Iranian aerial attacks have caused extensive damage to the world’s largest gas plant in Qatar, targeted a refinery in Saudi Arabia, forced the UAE to shut gas facilities and set off fires at two Kuwaiti refineries. Tehran’s retaliation against Israeli attacks on its own gas facilities marks a further escalation of the nearly three-week war. […]
global energy
Oil prices fall as some ships resume Strait of Hormuz transit
Global oil prices dropped sharply on Monday, easing from recent highs as some vessels resumed through the strategically vital Strait of Hormuz amid ongoing geopolitical tensions. Read More: Oil rises further above $100, most Asian stocks fall as Iran war rages Brent crude futures fell by $2.93, or 2.8%, to settle at $100.21 per barrel, while […]
Trump says Venezuela will supply up to 50m barrels of oil to US
US President Donald Trump said on Tuesday that Venezuela interim government has agreed to deliver between 30 and 50 million barrels of oil to the United States. He said the proceeds from the sale of the oil would be overseen by him as president. In a social media post, Trump said the oil would be […]
Trump warns US could raise tariffs on India over Russian oil imports
US President Donald Trump on Sunday warned that the United States could impose higher tariffs on India if the country does not curb its purchases of Russian oil. Speaking to reporters aboard Air Force One, Trump said tariffs could be increased “very quickly” if India fails to meet Washington’s demands. Read More: India seeks weekly data […]
Oil price rise on US sanctions, Venezuela tanker risks
BEIJING: Oil prices climbed on Thursday amid reports that the United States may impose new sanctions on Russian oil if Moscow does not agree to a peace deal with Ukraine. Market participants also weighed the potential supply risks from a blockade of Venezuelan oil tankers. Read More: India defies sanctions with strong Russian oil imports US West […]