Auto Added by WPeMatico
By Ron Bousso LONDON, March 17 (Reuters) – Iran’s threat to send oil prices to $200 a barrel may sound like bombast, but as the energy crisis drags on, that outcome looks more likely than U.S. President Donald Trump’s prediction that prices will soon fall back to pre-war levels. Now in its third week, the …
COMMENTARY: Iran’s $200 Oil Threat Isn’t That Far-Fetched Read More »
By Florence Tan, Siyi Liu and Nidhi Verma Platts Dubai crude price hit record $157.66/bbl, surpass Brent’s 2008 high Dubai’s premium jumps to $60.82/bbl; Oman’s premium near $56 Record premiums stall trade, prices distorted, traders say SINGAPORE/NEW DELHI, March 16 (Reuters) – Middle East crude oil benchmarks soared to all-time highs, becoming the most expensive …
Middle East Oil Becomes Most Expensive in the World as War Cuts Supply Read More »
By Clyde Russell LAUNCESTON, Australia, March 17 (Reuters) – China continued to boost its crude oil inventories in the first two months of the year as strong imports and domestic output exceeded an increase in refinery production. China’s surplus of crude oil was 1.24 million barrels per day (bpd) in the January-February period, according to …
COMMENTARY: China Boosted Crude Stockpiles at Start of 2026, But is Not Using Them Read More »
March 17 (Reuters) – Oil loading at the United Arab Emirates port of Fujairah was at least partly halted on Tuesday after a third attack in four days caused a fire at the export terminal, while operations at the Shah gas field remained suspended after an earlier attack. The cascading disruptions threaten to completely …
Attacks on UAE’s Fujairah Port and Shah Gas Field Add to Energy Disruption Read More »
(Reuters) – Authorities in Abu Dhabi on Monday were dealing with a fire at the Shah oil and gas field caused by a drone attack and said that no injuries had been reported so far, the Abu Dhabi media office reported. The Shah field is one of the world’s largest of its kind and is …
Fire at Abu Dhabi Shah Oil Field Caused by Drone Attack, Abu Dhabi Media Office Says Read More »
(Reuters) – European Union foreign ministers showed “no appetite” to expand an EU naval mission in the Middle East to the Strait of Hormuz for the time being, EU foreign policy chief Kaja Kallas said on Monday. U.S. President Donald Trump has called on other nations to help police the strait after Iran responded to …
EU Has ‘No Appetite’ to Expand Mideast Naval Mission to Strait of Hormuz, Kallas Says Read More »
(Reuters) – U.S. President Donald Trump said on Monday that it was unclear whether new Iranian leader Ayatollah Mojtaba Khamenei was still alive, given reports he had been injured in an air strike. “We don’t know… if he’s dead or not. I will say that nobody has seen him, which is unusual,” he said during …
Trump on Iran: We Don’t Know if New Leader is Still Alive Read More »
(Reuters) – Daily oil exports from the Middle Eastern Gulf, home to top exporter Saudi Arabia and other major producers, have dropped by at least 60% in the week to March 15 compared to February due to disruptions and output cuts amid the U.S.-Iran war, according to shipping data and Reuters calculations. The effective closure …
Middle East Oil Exports Drop at Least 60% as Hormuz Stays Mostly Closed, Data Shows Read More »
(Reuters) – This is a historic week in the world of monetary policymaking. The “G4” central banks meet in the same week for the first time since December 2021, and only the second time ever, with investors clamoring for evidence of whether the Middle East oil shock could make policymakers start thinking about rate hikes. …
Oil Shock Sparks Rate Repricing in Historic ‘G4’ Central Bank Week: McGeever Read More »
By Gianluca Lo Nostro and Robert Harvey IEA’s 400 million barrel release calmed markets, Birol says IEA warns of prolonged disruptions to global energy trade Oil-importing emerging economies in Asia hit hardest by oil supply shock PARIS/LONDON, March 16 (Reuters) – The International Energy Agency’s member countries could release more oil into the market from …
IEA Could Release More Oil Stocks if Needed, Agency Chief Says Read More »
