Vitol executive warns West is ‘asleep at the wheel’ on oil supply crisis
(World Oil) – Vitol’s top executive in the Middle East said that many Western governments still aren’t reckoning with the […]
Strait of Hormuz
Supply risks are building beneath the surface
(By Oil & Gas 360) – The oil market has spent the past several weeks trading optimism. Prices have retreated from […]
HSBC flags a super-squeeze in the oil market
(Oil Price) – The Middle East crisis and the still closed Strait of Hormuz have created a “super-squeeze” in oil markets, […]
Oil jumps over $6 on Iran report of halted U.S.-Tehran exchanges, Hormuz blockade risk
(Investing) – NEW YORK – Oil prices surged more than $6 per barrel on Monday after Iran’s Tasnim news agency reported […]
Iran is turning Hormuz into leverage
(By Oil & Gas 360) – What began as wartime disruption has evolved into something far more strategic, Iran is increasingly […]
Ship attacks continue in Strait of Hormuz despite peace talks, Chevron says
(World Oil) – Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very […]
TotalEnergies made Middle East oil mega-trades after noticing US Navy buildup in Gulf in February, CEO says
(BOE Report) – French oil major TotalEnergies made the decision to buy large amounts of Middle East crude in March after its […]
Iran says draft deal with US would reopen Hormuz shipping, end naval blockade
(BOE Report) – Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum […]
Oil prices fall as traders bet on U.S.-Iran deal
(Oil Price) – Oil prices dropped by around 4% early on Wednesday as hopes of a U.S.-Iran deal outweighed concerns […]
Hormuz shutdown sends capital flooding back into renewables
(Oil Price) – Concerns about energy security and the push in many countries to boost electrification to replace road transportation […]