(Reuters) – A temporary surge in oil prices to $100 per barrel could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East oil and gas flows. Under its baseline forecast, Goldman expects oil prices to increase a bit further before …
Being the world’s No. 1 driller isn’t enough to shield the country from the effects of the war. By Will Kubzansky The Iran war may be happening on the other side of the world, but US consumers are already starting to see the effects. Average gasoline prices jumped to $3.25 a gallon on Wednesday, according …
Energy Dominance Won’t Stop US Fuel Costs Pushing Higher Read More »
By Anna Hirtenstein, Andrew Mills and Jonathan Saul Iran’s drone production capacity is around 10,000 per month Iran’s missile stockpile estimates vary widely, affecting conflict duration Sea mines could prolong disruption in the Strait of Hormuz Drone attacks have penetrated Gulf states’ air defences March 4 (Reuters) – Iranian drone attacks could disrupt the Strait …
Iran Could Disrupt the Strait of Hormuz With Drones for Months Read More »
LITTLETON, Colorado, March 5 (Reuters) – The repercussions of the ongoing U.S.-Iran war are being felt across the world, with U.S. fuel prices, European natural gas costs and Asian tanker freight rates all jumping sharply since strikes began at the weekend. The transmission of market jitters through the shipping, fuel and power sectors illustrates how …
COMMENTARY: Charting the Widening Impact of the Iran Crisis on Energy Markets Read More »
LAUNCESTON, Australia, March 5 (Reuters) – The explosion in jet fuel prices in Asia is an early indicator that the economic pain of the war in the Middle East is about to become reality for energy consumers. Jet fuel prices in Asia’s trading hub Singapore rocketed 72% to $225.44 a barrel on Wednesday, a record …
COMMENTARY: Jet Fuel’s Huge Price Surge Points to Coming Pain From Iran war Read More »
By Nora Buli Europe’s gas storage at 5-year low Refilling will require extra 180 LNG cargoes y/y Iran conflict cuts supply, lift prices European benchmark gas at highest since early 2023 OSLO, March 5 (Reuters) – Europe’s already huge task of refilling gas storage for next winter has suddenly become far riskier and far more …
Europe Faces Gas Storage Scramble as Iran Conflict Tightens Supply Read More »
(Reuters) – India is in talks with the United States to secure marine cover for vessels shipping oil from the Middle East, as New Delhi seeks to shield buyers from potential supply disruptions caused by the crisis in the Gulf, a government official said on Thursday. “So far we are comfortable,” the official, who did …
India Seeks US Marine Cover for Middle East Energy Cargoes, Source Says Read More »
Reuters Average U.S. retail diesel prices surpassed $4 a gallon for the first time in nearly two years on Wednesday and are set to rise further later in the week as the U.S.-Israel conflict with Iran dragged on, threatening to hit consumers with sticker shocks on everything from food to furniture. Prices for diesel, used …
US Diesel Hits $4 Per Gallon as Fuel Costs Rise Amid Escalating Middle East Conflict Read More »
Prices for heavy crude produced in the Americas surged to multi-year highs on Wednesday, as the U.S.-Israeli attacks on Iran stymied exports of similar oil produced in the Middle East. Benchmark crude oil prices have surged since the initial attacks last week, with Brent crude at its highest levels since January 2025. Iran has threatened …
Americas Heavy Crude Prices Hit Multi-Year Highs as Iran Conflict Disrupts Oil Markets Read More »
(Reuters) – Oil and gas drillers failed to show up at the Trump administration’s sale of more than 1 million acres (404,686 hectares) in Alaska’s Cook Inlet on Wednesday, declining to submit even a single bid. The sale was the first of six Alaska offshore oil and gas auctions mandated through 2032 by U.S. President …
NO TAKERS: Oil Companies Shun Trump Administration’s Alaska Offshore Auction Read More »
