Oil Industry Faces Billions in Losses, Warnings of Severe Energy Crisis Amid Middle East Conflict
Iranian missile strikes are costing the oil industry billions, with the IEA warning of a severe energy crisis, while a TotalEnergies CEO cautions that oil and gas prices could surpass 2022 highs if the Hormuz crisis persists, and oil prices rise as markets assess supply risks after Iran denied US talks.
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Analysts hike oil price outlooks as Iran conflict persists - Reuters
Analysts hike oil price outlooks as Iran conflict persists Reuters
Read full article →Japan Is Said to Sound Out Market on Oil Futures Intervention - Bloomberg.com
Japan Is Said to Sound Out Market on Oil Futures Intervention Bloomberg.com
Read full article →Energy Crisis Will Not Be Resolved Quickly if War Ends, I.E.A. Chief Warns
Fatih Birol, the leader of the International Energy Agency, said the Iran war was a bigger crisis that the two oil shocks in the 1970s combined.
By Ravi Mattu
Read full article →Asian Equities Rebound After Trump Says U.S. to Delay Strikes on Iran’s Infrastructure - WSJ
Asian Equities Rebound After Trump Says U.S. to Delay Strikes on Iran’s Infrastructure WSJ
Read full article →Iran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, says IEA chief | First Thing
Fatih Birol says effects on energy markets from Iran bombings and closure of strait of Hormuz not initially understood by world leaders. Plus, feminist magazine reclaims Charlie Kirk-style campus tours Good morning. The global energy crisis caused by the war in Iran is equivalent to the combined force of the twin oil shocks of the 1970s and the fallout from Russia’s invasion of Ukraine, the head of the International Energy Agency has said. Why is the ex-CIA chief Leon Panetta in the news? He ...
By Nicola Slawson
Read full article →How the Trump administration's policy changes are affecting what we pay for energy
The war in Iran is driving up fossil fuel prices and highlighting the risks of depending on oil and gasoline. Meanwhile, the Trump administration has unwound policies that would boost alternatives.
By Michael Copley
Read full article →IEA chief warns of ‘very severe’ global energy crisis
IEA may release more oil as the Iran war hits supply, with chief Fatih Birol warning of a severe global energy crisis.
Read full article →Chevron CEO says Iran war impact isn't fully priced into oil market, traders have ‘scant information’
Chevron CEO Mike Wirth said the physical supply of oil is much tighter than the oil futures market suggests.
Read full article →Iranian oil is offered to India at a premium to Brent after temporary US waiver: Report
India, the world's third-biggest oil importer and consumer, has not received a cargo from Tehran since May 2019 after it came under US pressure.
Read full article →Will India buy Iranian oil after US sanctions waiver? Depends on refiners’ techno-commercial feasibility, says Govt
By Sukalp Sharma
Read full article →US to continue Iran strikes, five-day pause applies only to energy sites
Earlier on Monday, Trump had postponed for five days a plan to hit Iran's power plants and energy infrastructure. Iran later denied that it had engaged in negotiations with the United States.
Read full article →US To Continue Iran Strikes, Pause Applies Only To Energy Sites: Report
Earlier on Monday, Trump had postponed a plan to hit Iran's energy grid for five days. Iran later denied that it had engaged in talks with the US.
Read full article →(LEAD) S. Korean currency rebounds from 17-yr low on hopes for Middle East de-escalation - Yonhap News Agency
(LEAD) S. Korean currency rebounds from 17-yr low on hopes for Middle East de-escalation Yonhap News Agency
Read full article →Chinese Containership Is First To Pay Iran For "Safe Passage" Through Strait As Iraqi Tanker Crosses With Signal Off
Chinese Containership Is First To Pay Iran For "Safe Passage" Through Strait As Iraqi Tanker Crosses With Signal Off The blockaded Strait of Hormuz is getting progressively less "blockaded" by the day. Over the weekend we reported that "Iran was Ready To Let Japanese Ships Use Hormuz As Chinese, Indian Tankers Already Allowed Passage." We can now add Iraq to the growing list of nations whose vessels are transiting the infamous Strait. An oil supertanker hauling two-million barre...
By Tyler Durden
Read full article →Oil rises as global markets assess supply risks after Iran denies US talks - Geo News
Oil rises as global markets assess supply risks after Iran denies US talks Geo News
Read full article →Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure - Daily Mirror - Sri Lanka
Oil falls over 13% on Trump postponing military strikes on Iran energy infrastructure Daily Mirror - Sri Lanka
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