News

Japanese refinery Taiyo Oil shifts crude purchases to U.S. and Asia to offset Middle East risk
Takahiro Yamamoto, President & CEO of Taiyo Oil says oil price increase and supply disruption could have material impact on ...
Upstream Online1h
'Unprecedented high': record surge in bidding activity spurs Middle East EPC boom
At least $70 billion of new EPC oil and gas projects are expected to be approved over the next five to six years in Saudi ...
Global oil supplies forecast to outstrip demand this year despite Middle East war
In a separate report on the outlook to 2030, the IEA forecast that oil supply would continue to outstrip demand over the next ...
Oil Tankers Collide Near U.A.E. as Israel-Iran War Disrupts Shipping
Shipowner Frontline said the incident near the Strait of Hormuz was due to navigational issues and not related to the current ...
Middle East conflict slows tanker bookings, lifts rates
The costs of chartering tankers to move oil from the Middle East to Asia have climbed and ship bookings have slowed as the ...
Commodity Roundup: Oil swings, European gas prices climb amid escalating Middle East tensions
Oil prices fluctuated on Monday after jumping 7% on Friday, as renewed strikes between Israel and Iran over the weekend ...
Oil Falls Back as Iran Seeks De-escalation
Crude oil futures finished down 1.7% to $71.77 a barrel, with oil under pressure as the latest source of turmoil in the Middle East may meet a quick conclusion.
Legit.ng1d
Middle East War: Trouble for Iran as US Raises Alarm Over Missile Attack on Its Embassy in Tel Aviv
Iranian missiles damaged the US embassy in Tel Aviv, escalating tensions. Israel retaliated with strikes on Iran's energy ...