The CEO of ConocoPhillips expects the crude oil market to transition into a state of contango, where future prices are higher than current spot prices.

Green energy stocks in China have experienced a significant surge as the ongoing Middle East conflict continues to disrupt global oil markets, prompting investors to seek alternatives.

The price of Azeri Light oil has fallen by over 5%, reflecting a broader decline in the global oil market.

Despite record-high fuel import costs driven by the West Asia conflict, public and private sector Oil Marketing Companies in India continue to absorb these expenses without increasing pump prices for petrol and diesel.

The United States has reportedly eased sanctions on Iranian oil transported by ships, a development that could impact global oil markets and US-Iran relations.

Governments across Southeast Asia are introducing fuel rations and cash handouts to conserve energy and shield the public from rising costs, as the ongoing Middle East war disrupts the global oil market.

Oil markets split: Middle East crude surges to $131 while Brent slides to $107, WTI down to $94  Gulf News

The CEO of oilfield equipment supplier SBO states that the global oil market situation is 'highly dangerous' due to limited reserves, with Saudi Arabia unable to stabilize prices because the Strait of Hormuz is blocked.

Diesel prices at gas stations in Sarajevo, Bosnia and Herzegovina, have once again risen, with the latest data showing new increases pushing prices above 3 Bosnian Marks per liter.

60-day lifting of the American Jones Act by Donald Trump, aiming to stabilize oil markets. The US president decided on the temporary suspension of the Jones Act so that...

The ongoing conflict between Iran and the US is having significant implications for global oil markets, affecting prices and supply chains.

Oh, man . . .

Turbulence in the global oil market caused by the war in Iran revealed a quiet shift that could reshape global energy security: the rapid rise of electric vehicles.

Oil market researcher Rory Johnston on what happens if the war does not end

The head of the International Energy Agency (IEA) stated that more oil stocks could be released if necessary, indicating a readiness to stabilize global oil markets amidst ongoing geopolitical tensions.

Sugar prices are reportedly falling, influenced by a general weakness observed in the crude oil market.

Certain energy stocks are reportedly seeing significant benefits from the ongoing crisis in Iran, as geopolitical tensions impact global oil markets.

Oil Marketing Companies (OMCs) in Ghana, including Star Oil and GOIL, have begun raising fuel prices, with petrol selling at GH¢12.49, ahead of the scheduled March 16 pricing window to manage demand.

European stock indexes began the week with gains, with investor attention remaining primarily on developments in the oil market.

Oil prices surge as Kharg attack raises stakes in Middle East conflict  The Straits Times

Rising tensions in the Middle East have once again shaken global oil markets, raising concerns about potential disruptions to the Strait of Hormuz, one of the world’s most critical energy transit routes. For Korea, which imports nearly all its energy, such uncertainty poses a serious economic risk. The Strait of Hormuz is a vital artery for global energy. A large share of the world's crude oil and liquefied natural gas passes through this narrow corridor. Even brief disruptions can trigger price

The government has increased the price of kerosene oil by another Rs40 per litre and approved Rs23 billion price differential subsidy for payments to oil marketing companies (OMCs) to keep the prices of two other oil products — petrol and high-speed diesel (HSD) — unchanged for the week ending March 20. Otherwise, the petrol and HSD prices should have gone up by more than Rs49 and Rs75 per litre with effect from March 14. With fresh price notification, Kerosene, commonly described as poor ...

The oil market, traditionally driven by geopolitics, is now adopting crypto-like rhythms with the emergence of new 24/7 trading contracts, marking a significant shift in how oil is traded.

The American military conflict with Iran has once again shaken global oil markets and pushed fuel prices above three KM in less than 15 days.

The Romanian Ministry of Energy has proposed several measures to the Coalition leaders to combat rising fuel prices, including declaring a crisis situation in the crude oil market and lowering excise duties.

The oil market continues to experience unrest following the largest deployment of strategic oil reserves in fifty years, indicating ongoing instability in global energy supplies.

Farmers, fishers, and consumers are going to feel the strain of the volatile global oil market

The Air France-KLM group is adjusting prices on transatlantic and intercontinental routes, reacting to the destabilization of the oil market triggered by the war in Iran.

Iran has shuttered the crucial waterway and vowed to attack any ships that try to pass through

The previous day, its members agreed to release an unprecedented 400 million barrels from emergency reserves to counteract the chaos.

The price of a barrel of Brent crude oil, the international benchmark, has again surpassed $100, just days after briefly nearing $120, indicating continued volatility in the global oil market.

Investors receive a few more updates related to the oil market Wednesday evening

On the New York crude oil market, WTI futures prices, a benchmark for international transactions, temporarily rose to over $88 per barrel on the 11th, remaining high even after the IEA announced a coordinated release of oil reserves by member countries.

France, which holds the G7 presidency, said Wednesday that major economies were ready to act to stabilise oil markets as the US-Israeli war with Iran enters its second week and disrupts supply.

Global stock markets showed mixed performance and the dollar slightly strengthened following the latest US inflation data, with investor attention now primarily shifting towards developments in the oil market.

Global oil markets have been volatile for days due to drone and missile activity in the Middle East, with a deleted tweet reportedly causing a significant drop in prices yesterday.

The oil market is now moving between two extreme scenarios, which depend on how the war in the Middle East unfolds and what will ultimately happen in the Strait of… UBS to Naftemporiki: Two scenarios for oil prices – gold’s upside potential - Η ΝΑΥΤΕΜΠΟΡΙΚΗ

Oil markets experienced another wild day of trading, characterized by a feast-to-famine dynamic and significant fluctuations, reflecting ongoing volatility and uncertainty.

Sharp oil market correction pushes Azeri Light price down 12% AzerNews

Oil marketing companies have ceased the supply of auto LPG in the Dakshina Kannada and Udupi districts of India, impacting local consumers.

The Philippines was hit by a sharp fuel-price shock on Tuesday, with pump costs surging after the escalating conflict involving Iran pushed global oil prices higher, in what could become one of the…

A morning market bid report highlights the current state of the oil market, describing it as a 'combustible calm' amidst various global factors.

Feast to Famine in the Oil Market  WSJ

Pakistan has expanded its austerity drive, forming a special committee to monitor progress, as fuel prices rise and global oil markets experience volatility.

PM Shehbaz Sharif • PM defends ‘difficult decision’ on fuel prices, says global oil market ‘not in Pakistan’s hands’ • Public, private workplaces to shift half their staff to ‘work from home’; won’t apply to essential services such as banks, hospitals, agricultural or industrial sectors • All schools, colleges to stay closed for two weeks; higher education institutes to shift classes online • Special cabinet committee reviews fuel stocks, assesses national preparedness • Punjab, Khyber P...

Trump tells NY Post he is 'nowhere near' deciding to send troops to Iran to secure nuclear stockpile  Reuters

The 24 Hours When Oil Markets Went Wild  WSJ

An analyst suggests that the natural gas market presents a larger investment opportunity compared to the oil market.

Bharat Petroleum is reportedly chartering a crude tanker at a daily rate of $7.7 lakh, a move likely influenced by ongoing global conflicts affecting oil markets.

Venezuela is reportedly re-entering the global oil market at a crucial time, potentially impacting international oil dynamics.

Oil Market Chaos Set to Deepen as More Gulf Giants Cut Output Bloomberg.com

Industry leaders believe that the full impact of the Iran war has not yet been reflected in oil market prices.

Chile's government announced an historic increase in fuel prices, with gasoline expected to rise by 32% and diesel by 62%, asking for public understanding due to a 'historic crisis' and a major global oil market shock.

An energy minister emphasized that the oil market is stable and expressed confidence that fuel supply will not be jeopardized, despite concerns about escalating oil prices.

Indian oil marketing companies are reportedly exploring the option of delivering 10kg LPG cylinders instead of the standard 14.2kg to ensure more equitable distribution during critical availability, despite the petroleum ministry dismissing these reports as speculative.

US Energy Secretary Chris Wright announced that current disruptions in the oil market, linked to the Middle East conflict, are expected to be temporary.

Japan's top currency diplomat expressed concern over potential forex volatility, specifically linking it to speculative trading in the oil market.

A growing gap is observed between oil futures prices and the actual physical supplies that determine costs for consumers. This divergence indicates a complex dynamic in the oil market that could impact energy affordability.

Entrepreneur Petar Gonja, with 35 years of experience in the oil sector, acknowledges the concern and uncertainty in Serbia regarding the current oil crisis but advises against panic. This reflects a domestic perspective on the broader international oil market situation.

South Korean President Lee Jae Myung has called for urgent efforts to secure alternative crude supplies, including potentially from Russia, as the Mideast war disrupts existing oil markets.

The oil market is behaving as if it's going through a shock of historical proportions. But the rest of the markets are behaving as if nothing is happening, writes MarketWatch.

TS Lombard suggests that the Iran conflict's effect on the global oil market could last for months, similar to the 2022 'oil shock', rather than weeks.

The oil market is experiencing a shock of historical proportions, described as a 'black swan' event, while other markets appear unaffected. Analysts warn that this dangerous divergence could signal a potential 20% drop on Wall Street.

The United States is reportedly turning to tankers linked to Iran to help move oil, an effort by the Donald Trump administration to address rising oil prices amidst the ongoing US-Israeli war on Iran.

The release of oil from strategic reserves by the Trump administration is significantly reshaping the futures curve in the oil market.

GOIL, a major oil marketing company in Ghana, has reduced its petrol and diesel prices to GH¢12.40 and GH¢14.98 respectively, intensifying a domestic price war influenced by the President's call to ease life for Ghanaians amidst the Middle East conflict.

Goldman Sachs analysts forecast that the biggest shock to oil markets will primarily affect refined products, rather than crude oil itself.

The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Riverson Oppong, says periodic increases in fuel prices in Ghana are unavoidable as long as the country continues to…

A ground report from Madhya Pradesh highlights the significant disparity between the region's energy goals and the practical realities faced by its agricultural sector, exacerbated by global oil market volatility.

New fuel price reporting rules take effect in Czechia amid oil market tensions  Radio Prague International

As the broader war in the Middle East begins its third week, worries over the fallout of crippled energy supplies continue to roil markets.

Increased volatility in the oil market, influenced by geopolitical tensions, is prompting investors to explore more complex 'hybrid' options bets to manage risk and seek returns.

Oil Market Set for Tumultuous Week as Kharg Attack Raises Stakes  Bloomberg.com

The Pakistani government has absorbed a Rs77 fuel price hike, though it remains unclear if this will involve cutting oil levies or reimbursing oil marketing companies and refineries. This decision comes amidst global economic shocks and rising energy costs.

A comprehensive look at the global oil market explores various efforts being made to stabilize it amidst current challenges.

Albanian Prime Minister Edi Rama addressed the issue of oil prices during a press conference, emphasizing the need for a more affordable oil market for citizens. He expressed confidence that Albania would set an example in this regard.

Global oil markets are reeling from Middle East tensions, with the Strait of Hormuz facing disruptions.

Many likely did not have oil crisis insurance, a fact highlighted as oil markets brace for lasting turmoil in the Gulf and prices fluctuate due to geopolitical events.

Oil markets are preparing for what analysts describe as the largest supply shock in decades, signaling potential volatility and price increases in the global energy sector.

Oil Markets Brace for Lasting Turmoil in the Gulf  WSJ

An attack on two Iraqi oil tankers prompted the country's authorities to suspend all oil terminal operations ... as the oil market is experiencing a historic level of disruption across the globe.

The Mideast war "is creating the largest supply disruption in the history of the global oil market", as Iran's chokehold on regional supplies forces Gulf oil producers to slash production, the…

The group of Western powers, which have remained cautious about the war in Iran waged by Israel and the US, met on Wednesday to try to minimize the conflict's impact on the global economy.

Many transporters and commuters have lamented their ordeals, and called on the Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to intervene and compel oil marketers to adjust pump…

The oil market on Wednesday saw the strongest effort by far to ensure adequate global supplies of the commodity, but commodities guru Jeff Currie said the International Energy Agency’s decision to…

A Strait of Hormuz closure due to U.S.-Iran war hit the oil market hard, but sectors reliant on shipping across economy from metals to farming are vulnerable.

Airlines across Asia are increasing ticket prices and introducing fuel surcharges after sharp changes in oil markets led to an increase in jet fuel prices following a conflict involving...

Malaysia will tighten border enforcement to curb fuel smuggling and keep subsidised petrol prices unchanged as the widening US-Israeli war with Iran disrupts energy flows through the Strait of Hormuz and rattles global oil markets. The move comes amid concern that rising fuel prices abroad could make smuggling subsidised fuel out of Malaysia more profitable. “The most worrying aspect is that this conflict has an impact on the global economy, Asia and Malaysia,” Prime Minister Anwar Ibrahim sa...

European stock indexes are reportedly in the red, with investors expressing concerns over the stability and future direction of the oil market, impacting broader economic sentiment.

Feast to Famine in the Oil Market  WSJ

Higher fuel prices and turmoil in oil markets. Will prices of food and inflation rise even higher? How will the war in Iran affect Slovenia's projected economic growth?

A deleted tweet from the Energy Secretary sent oil markets on another wild ride, causing significant fluctuations and uncertainty.

Economist Mohamed El-Erian warns that volatility in the oil market is set to continue, likely influenced by ongoing geopolitical events and economic factors.

Why a Strike on Iran’s Kharg Island Would Shake Oil Markets  Bloomberg.com

2.3 lakh cylinders are daily supplied by the Oil Marketing Companies (OMCs): Telangana Civil Supplies Department Commissioner

Feast to Famine in the Oil Market  WSJ

Feast to Famine in the Oil Market  WSJ

Aramco sees 'catastrophic consequences' for oil markets if Hormuz strait remains blocked  Reuters

The Centre for the Promotion of Private Enterprise (CPPE) states that local refining alone cannot prevent fuel price volatility in Nigeria, as global oil markets continue to dictate costs.

The 24 Hours When Oil Markets Went Wild  WSJ

The 24 Hours When Oil Markets Went Wild  WSJ

Financial advisors are leveraging improved communication strategies and new AI tools to help clients manage anxiety and maintain calm amidst ongoing geopolitical conflicts and fluctuating oil prices.

Some Oil Marketing Companies (OMCs) in Ghana are accusing Bulk Oil Distribution Companies (BDCs) of creating an artificial fuel shortage to profit from upcoming price increases.

Senator Risa Hontiveros has called for an emergency supplemental budget of P52.8 billion to address the anticipated rise in petroleum prices caused by ongoing crude oil market disruptions.

US Secretary of Energy Chris Wright said that the United States (US) will spare Iranian energy infrastructure while waging war alongside Israel against Iran.

Conditions in the oil market remain tense, with the greatest concern being supply disruptions due to the closure of the Strait of Hormuz.

Brazil's government is working to prevent a trucker strike, which is threatened by rising diesel prices and fuel shortages exacerbated by the Iran war's impact on oil markets.

Ukrainian drone attacks at the beginning of the week partially halted oil exports through Russian ports, raising questions about the extent of the damage to Russia and the global oil market.

Amid escalating Middle East conflict and unstable global oil markets, Moldova is examining its domestic oil and gas extraction in the south, while citizens face sharply rising fuel prices.

North Macedonia's government has decided to reduce the VAT on fuel from 18% to 10%, leading to new fuel prices from midnight. Despite the VAT cut, the Prime Minister expects the Energy Regulatory Commission to announce an increase in diesel and unleaded fuel prices due to global oil market developments.

Dieselin ja lentopolttoaineen hinnat ovat moninkertaistuneet sodan aikana.

Trump still has no solution for oil markets  Tehran Times

A Bloomberg article suggests that current oil prices do not fully reflect the underlying realities and complexities of the global oil market.

Finnish oil refiner Neste has seen its stock price increase by 40% since the start of the war, benefiting from the ongoing crisis in the oil markets.

Australians are experiencing a 'petrol pinch' due to surging global oil prices, exacerbated by disruptions in key shipping routes like the Strait of Hormuz following the US-Israel war on Iran. A reader callout seeks experiences on how this is affecting daily life.

An article explores the unexpected resilience of oil markets, questioning why prices have not surged higher despite what is described as the biggest energy supply shock ever.

Equity analysts have revised down their forecast earnings for Oil Marketing Companies (OMCs), indicating a less optimistic outlook for the sector.

Pakistan's finance ministry announced on Wednesday that the country's fuel supply remains stable despite ongoing volatility in global oil markets, following a meeting chaired by Finance Minister Muhammad Aurangzeb.

Hyperliquid has seen its Open Interest (OI) climb to $1.43 billion, with growth primarily attributed to activity in the oil market rather than cryptocurrency. This indicates a shift in the platform's primary drivers of expansion.

Goldman Sachs has issued a warning about the potential for the largest oil market shock ever recorded, predicting it will primarily affect refined fuels such as jet fuel.

An analyst, Mistry, indicates that edible oil markets are currently caught between the conflicting forces of weak consumer demand and increasing bets on biodiesel production.

Perhaps you are limiting car journeys or reducing the amount of cooking you do. Tell us The conflict in the Middle East has disrupted global shipping routes and caused a surge in global oil market…

The Chief Executive Officer of the Chamber of Oil Marketing Companies (COMAC), Riverson Oppong, stated that oil marketing companies in Ghana are experiencing increasing pressure due to frequent and unpredictable changes in fuel prices.

A morning market briefing highlights the growth outlook for the S&P 500 and includes warnings regarding the current state of the oil market, alongside other key financial insights.

The Philippine peso fell to a record P59.87 per dollar on March 16 amid Middle East tensions affecting global oil markets.

On the 15th, in the New York crude oil market, WTI futures prices, the international trading benchmark, rose, briefly breaking the $100 per barrel mark again. This is against the backdrop of escalating exchanges between the US and Iran, with the US attacking Iran's largest oil export terminal, and growing concerns that the de facto blockade of the Strait of Hormuz could be prolonged. WTI futures prices had sharply risen to around $119 per barrel last week for the first time in approximately 3 years and 9 months, before temporarily falling to 7...

Following a drone attack and fire that suspended oil loadings, analysts are explaining why the port of Fujairah is crucial to the global oil market. The port is a major hub for oil exports and ship refueling.

The Port of Fujairah, a major global hub for refuelling and crude/fuel exports, is highlighted for its critical role in the oil market, following recent reports of suspended operations after a drone attack.

The United States has expanded sanctions waivers for Venezuela, a move made amidst rising global prices, potentially impacting oil markets.

Prime Minister Shehbaz Sharif announced that Pakistan would not increase the prices of petroleum products, despite a recent rise in global oil market rates.

Rising oil prices are forcing the White House to act, with the US government allowing purchases of Russian oil to alleviate supply shortages. This move raises questions about Russia potentially benefiting from the Iran conflict.

Gold prices in Dubai have experienced a decline as the global rally for the precious metal loses momentum, influenced by recent oil market shocks.

Amid rising oil prices due to the Iran war, there is a renewed focus on sustainable aviation fuel as an alternative, which could reduce airlines' susceptibility to volatile oil markets.

Oil Markets Brace for Lasting Turmoil in the Gulf  WSJ

Oil Markets Brace for Lasting Turmoil in the Gulf  WSJ

The International Energy Agency (IEA) has confirmed that the war in Iran is causing the 'greatest disruption' ever seen in the oil market, despite the release of emergency reserves, with Saudi Aramco's CEO warning of 'catastrophic consequences' for the global market.

BIDAS Industrial Services Association sources say there has been no supply of industrial gas from oil marketing companies in the past one week in the region

Iran War Is Causing Biggest-Ever Oil Market Disruption, IEA Says  Bloomberg

Piper Sandler has increased its price target for Crescent Energy (CRGY) as the oil market's attention shifts to potential risks from Iran.

A Norwegian expert states that the International Energy Agency's crisis measures indicate the severe nature of the current situation, likely referring to energy or oil markets.

Mr. Saran warns of the long-term impact of a sustained rise in crude prices on India’s current account deficit and balance of payments, as well as on inflation and economic growth

Following a high-level meeting regarding the global oil supply chain, Federation of BiH entitey Prime Minister Nermin Niksic addressed the media, outl

Roughly one-fifth of global petroleum liquids consumption passes through the strait, making even the threat of mining or disruption enough to rattle oil markets and governments alike.

Geopolitics and oil markets  The Daily Star

Concerns have intensified as crude oil tankers bound for Japan ceased navigating the Strait of Hormuz 10 days ago because the war made the passage too dangerous.

Feast to Famine in the Oil Market  WSJ

As Middle East war jolts oil markets, Pakistanis rethink how they live and work  Arab News

Oil markets experienced another day of highly volatile trading, reflecting significant shifts and uncertainty among traders, with another wild day of trading reported.

The price of 'Brent' crude oil jumped from 70 US dollars per barrel at the beginning of March to 120 US dollars at the beginning of March 9, and at the beginning of March 10 it fell to 85 US dollars.

The CEO of Saudi Aramco has issued a severe warning, stating that a war with Iran could result in a catastrophic shock to the global oil market.

The Kerala government has called a meeting with oil companies to address a severe shortage of commercial LPG cylinders, a problem also affecting hotels, bars, and restaurants in Dakshina Kannada, where Oil Marketing Companies have assured a resolution within two days.

Iraq's oil production has reportedly plunged by 70%, delivering a significant blow to the global oil market.

Feast to Famine in the Oil Market  WSJ

A Saudi Arabian oil giant has issued a warning about potential 'catastrophic consequences' for the global oil market, though specific details are not provided in the snippet.

IRGC say they will not allow 'one litre of oil' to be shipped from the Middle East if ​US-Israeli attacks continue

The 24 Hours When Oil Markets Went Wild  WSJ

The 24 Hours When Oil Markets Went Wild  WSJ

As the fallout in the oil markets from the U.S.-Iran war continues, here’s what severe oil shocks have done to the S&P 500 in the past.

A strategist suggests that oil markets are not currently exhibiting the significant risk-off behavior seen in previous oil shocks, even as Middle East tensions persist.

By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil market.  The ongoing…

US Energy Chief Says ‘Fear Premium’ in Oil Markets Will Ebb Bloomberg