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(Reuters) – U.S. President Donald Trump is expected to review as early as Monday a set of options to tame oil prices, which have spiked to more than $100 a barrel due to the Iran war, according to two people familiar with the matter. The effort reflects White House worries that the surge in oil …
Trump Reviews Options to Curb Energy Prices as Iran Strikes Roil Markets Read More »
By Salma El Wardany and Stephen Stapczynski QatarEnergy is pushing back the start of a major liquefied natural gas expansion project to at least 2027 after a drone attack last week that forced the unprecedented closure of its Ras Laffan plant. Production from the North Field East facility will now target its first export early …
Qatar Said to Push LNG Expansion to 2027 After Iran Drone Attack Read More »
By Gavin Maguire LITTLETON, Colorado, March 9 (Reuters) – The sudden stoppage of LNG exports from Qatar – the world’s second-largest exporter in 2025 – has sent natural gas prices soaring by 50% from year-ago levels across Europe and Asia and has prompted panicked buyers to seek out replacement cargoes. However, a shortage of available …
COMMENTARY: Tracking LNG Flows as Key Global Gas Prices Go Haywire Read More »
A look at the day ahead in European and global markets from Wayne Cole. OK, so this is shaping up as a proper global energy shock, like the 1970’s version. Though it is unique in being by choice, or at least the choice of one man. Brent cleared $100 at the open and never looked …
Jamie McGeever (Reuters) – Oil prices surged 30% last week and swathes of global stocks sold off as war in the Middle East escalated, yet an air of complacency hung over Wall Street. Investors have likely been betting that the turmoil will have a short-lived, mild economic impact, much like most crises in the recent past. Is …
Wall Street’s Immunity to Mideast Oil Shock Will Now Be Tested Read More »
Mounting miscalculations and a retreat to narrow self-interest by major countries, including the United States and China, are threatening to turn the current conflict in Iran into a global crisis for the supply of refined oil products. Much of the media focus tends to be on the price of crude oil, with benchmark Brent crude …
Summary Brent, WTI hit highest levels since July 2022 Brent jumps as much as 29%, WTI surges up to 31% Iraq, Kuwait cut oil output Iran names hardliner Mojtaba Khamenei as new supreme leader (Reuters) – Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major …
Trump administration officials on Sunday defended a decision to temporarily lift some sanctions on Russian oil and predicted that a sharp increase in gasoline prices resulting from the Iran war would last only weeks. Appearing on multiple TV talk shows, Energy Secretary Chris Wright and U.S. Ambassador to the United Nations Mike Waltz said a …
(Reuters) – U.S. crude futures rose more than 20% in early trade on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged disruptions to shipments through the Strait of Hormuz. U.S. West Texas Intermediate (WTI) crude futures gained as much as $20.34 a …
Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its base-case forecast are rapidly growing further. The bank said it plans to revisit its oil price forecast …
Goldman Sachs Warns Oil May Surge Above $100/bbl if Hormuz Flows Don’t Recover Read More »
