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(Reuters) – There are reasons to believe that there could be an escalation in the conflict in the Middle East in the coming days, Polish Prime Minister Donald Tusk said on Friday. “I have reasons to believe, also based on information we’ve received from our allies, that stabilisation is unlikely in the coming days. On …
Escalation in Middle East Possible in Coming Days, Polish PM Says Read More »
By Keira Wright, Paul-Alain Hunt, and Ruth Liao Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow to mainly Asian buyers reeling from the halt of shipments from Qatar. Karratha, the onshore processing facility that feeds Woodside Energy Group …
LNG Supply Cut Further After Cyclone Hits Australian Plants Read More »
Brent was last near US$110 a barrel on Friday, after touching a crisis-high of US$119.50 earlier this month By Rong Wei Neo Oil may hit a record US$200 a barrel if the Iran war drags on till June, with the Strait of Hormuz staying shut, Macquarie Group Ltd. said. A conflict that stretches through the …
Brace for US$200 Oil if Iran War Lasts Until June, Macquarie Warns Read More »
By Jan Strupczewski EU finance ministers aim to prevent market fragmentation with any energy price support EU Commission warns any response must be targeted, temporary and fiscally limited EU proposes support for vulnerable households to avoid inefficiencies BRUSSELS, March 27 (Reuters) – European Union finance ministers will seek to coordinate on Friday their response to …
EU Ministers Seek United Strategy on Energy Price Crisis Read More »
By Florence Tan and Yuka Obayashi SINGAPORE, March 27 (Reuters) – Asian refiners are beginning to switch to pricing U.S. crude oil purchases against global benchmark ICE Brent instead of Dubai after the Middle East marker spiked to record levels this month, three refining and trade sources said on Friday. The move could reduce liquidity …
Asian Refiners Switch From Dubai to Brent to Price US Crude, Sources Say Read More »
By Amanda Cooper and Robert Harvey Options market shows bets on $150 oil by end-April rising Open interest in $150 calls nearly 10 times larger than last month Oil is trapped in Gulf following U.S.-Israel conflict with Iran Brent crude set all-time high of $147 in 2008 LONDON, March 26 (Reuters) – Traders are piling …
With Hormuz Still Shut, Options Market Signals Rising Risk of $150 Oil Read More »
By Forrest Crellin and Shadia Nasralla PARIS, March 26 (Reuters) – TotalEnergies’ (TTEF.PA) CEO Patrick Pouyanne said on Thursday that the company made a decision not to declare force majeure to any of its liquefied natural gas customers, and that it would respect all the LNG contracts in terms of price and volume. Qatar, the …
TotalEnergies to Honour All LNG Contracts Despite Qatar Outages Read More »
By Mohammed Ghobari and Emma Farge Houthis have track record of disrupting international shipping Iran-aligned group ready should need arise to join war, leader says Bab al-Mandab is a key choke point (Reuters) – Yemen’s Iran-aligned Houthi movement, whose attacks on the Red Sea caused international shipping and trade chaos during the Gaza war, stands …
Yemen’s Houthis Ready to Join Iran War if Needed, Raising New Shipping Risk Read More »
(Reuters) – The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices – with lasting consequences for the bloc’s energy strategy. The energy crunch sparked by the conflict, now in its fourth week, has rattled Europe, which is heavily dependent on …
Europe Scales Back Climate Goals to Ease Iran War Energy Shock: Bousso Read More »
(Reuters) – Barclays said on Thursday that a prolonged closure of the Strait of Hormuz would likely lead to a 13-14 million barrels per day supply loss, noting that while the scale of the disruption is immense, so is the uncertainty around its duration. Exports from Yanbu and Fujairah have picked up in recent weeks …
Barclays Sees 13–14 Million bpd Oil Supply Loss From Prolonged Hormuz Disruption Read More »
