Widening War Fuels Global Energy Shock, Driving Oil Market Towards Demand Destruction
The ongoing conflict, now described as a widening war, continues to drive up global oil and fuel prices, leading to an 'energy shock' and prompting discussions about its severity and impact, with an ex-US energy official warning of further market shocks. The oil market may be moving into demand destruction mode if the conflict persists, with prices settling near a 4-year high.
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Photos show the effects of the Iran war on global energy worldwide - AP News
Photos show the effects of the Iran war on global energy worldwide AP News
Read full article →Iran War Fuel-Price Shock Is Catching Up With African Nations - Bloomberg.com
Iran War Fuel-Price Shock Is Catching Up With African Nations Bloomberg.com
Read full article →Market Dive Points to Wall Street’s Growing Alarm Over Iran War - WSJ
Market Dive Points to Wall Street’s Growing Alarm Over Iran War WSJ
Read full article →Asia turns to coal as Iran war chokes off gas supplies
Countries shrug off environmental concerns to fire up use of polluting fuel as Gulf supplies dwindle
Read full article →The Iran War Is Fueling Inflation. Are Markets Concerned? - Forbes
The Iran War Is Fueling Inflation. Are Markets Concerned? Forbes
Read full article →Wall Street indexes mostly fall as Iran war widens - The Straits Times
Wall Street indexes mostly fall as Iran war widens The Straits Times
Read full article →Commentary: The oil market is moving into demand destruction mode
If the Iran war continues and oil reserves are drained, policymakers may have to use emergency tools to curb energy use, says Javier Blas for Bloomberg Opinion.
Read full article →'I guess': Chris Hipkins places trust in government to secure fuel supplies
Labour's Chris Hipkins has thrown his support behind the government's moves to secure more fuel supplies as the Iran conflict deepens.
Read full article →Energy shock: How bad could it get?
As the Iran war continues, fuel prices keep going up
By The Week US
Read full article →How Gas Prices Compare Around The World
How Gas Prices Compare Around The World The war in Iran has driven up oil prices in many countries, with gasoline prices turning into a topic of discussion around the world. The increases have been particularly pronounced in emerging markets, with gasoline prices jumping by more than 50 percent in the Philippines and nearly as much in Nigeria (around 49 percent), with diesel rising even more steeply. Advanced economies have also seen notable increases, with gasoline prices climb...
By Tyler Durden
Read full article →Middle East tensions: Ghana’s current energy resilience thanks to increased domestic gas production – Mahama
President John Mahama has revealed that Ghana’s ability to withstand global energy shocks, including the ongoing conflict in the Middle East, stems from the country’s strategic shift toward consuming more natural gas than liquid fuels. Speaking at the Presidential Dialogue with Civil Society Organisations at the Jubilee House, President Mahama explained that since his administration […]
By Kenneth Darko
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