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Petrol price panic as Middle East tension flares
1+ day, 8+ hour ago (684+ words) Perth drivers have begun preparing for more pain at the bowser after global oil exports were threatened by Yemen rebels capturing an island at the entrance to the Red Sea, one of the world’s key shipping lanes. Only six months…...
Oil Tanker Rates Hit Record Highs as Middle East Shipping Risks Soar
4+ day, 6+ hour ago (373+ words) Oil tanker rates have jumped to record highs as escalating risks to shipping in and out of the Middle East are prompting traders and tanker operators to undertake inefficient and more expensive trade routes. While the crude oil supply is…...
Energy Prices May Remain Elevated Amid New Middle East Dynamics
1+ week, 2+ day ago (67+ words) The price of oil moved above $90 a barrel recently, and according to TD Asset Management's Humza Hussain, new dynamics in the Middle East conflict could keep energy prices higher for longer. - Changing dynamics in the Middle East conflict may keep…...
Huge oil price hike expected next week due to tensions in Middle East, Russia
1+ week, 3+ day ago (147+ words) MANILA, Philippines — Fuel prices are once again estimated to go up next week due to the recent tensions in the Middle East and in Russia, local oil industry sources said on Friday. They said that... Huge oil price hike expected…...
Oil prices rise on escalation in Middle East
1+ week, 4+ day ago (385+ words) LONDON, Sept 3 (Reuters) - Oil prices rose on Thursday after U.S. strikes on Iran and renewed Israeli threats against Tehran revived concerns about disruptions to Middle East supplies. Brent crude futures were up 59 cents, or 0.62%, at $96.22 a barrel by 1327 GMT while U....
The Trump Administration says more oil exited the Middle East this week than before the Iran war, but the data says otherwise
1+ week, 4+ day ago (669+ words) U.S. Energy Secretary Chris Wright raised eyebrows in energy markets Wednesday when he said more oil exports left the Middle East on Monday—between the Strait of Hormuz and alternative routes—than before the beginning of the Iran war. While crude…...