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News
The Trump Administration says more oil exited the Middle East this week than before the Iran war, but the data says otherwise
16+ hour, 2+ min 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…...
Criminal IP Appoints Reconn as Distributor for TI & ASM Across Middle East & Africa
1+ day, 22+ hour ago (193+ words) MSSPs, SOC teams, threat analysts, and security operations centers across the Middle East, North Africa, and Sub-Saharan Africa will gain access to Criminal IP's threat intelligence and attack surface management capabilities—including real-time IP intelligence, domain scanning, OSINT data, and…...
EIA Sees 600,000 Bpd of Middle East Oil Still Offline by End-2027
3+ week, 1+ day ago (606+ words) The longer-than-expected closure of the Strait of Hormuz means that some part of the oil production in the Middle East will remain shut in through the end of next year, the U.S. Energy Information Administration (EIA) said in its latest Short-Term…...
Tanker Data Contradicts U.S. Claim That Middle East Oil Flows Have Normalized
3+ week, 1+ day ago (316+ words) Oil flows from the Middle East have normalized, with Sunday traffic alone above pre-conflict averages, U.S. Secretary of Energy Chris Wright said on Tuesday in a claim that appears not to be backed by ship-tracking data. He went on to add…...
ENvue Medical Completes Transition of NanoVibronix Manufacturing to US, Consolidates R&D in Tel Aviv
4+ week, 1+ day ago (74+ words) ENvue Medical (FEED) has completed the transition of its NanoVibronix manufacturing operations to US from Israel and has further consolidated its research and development capabilities in Tel Aviv,... Oops, something went wrong U.S. markets close in 12m ENvue Medical Completes Transition of…...
Brazil oil output hits record as Middle East conflict disrupts supply
4+ week, 2+ day ago (199+ words) Investing.com -- Brazil's oil production reached an all-time high in June, as increased output from producers outside the Middle East helped offset supply disruptions caused by the conflict in Iran. Crude production in Brazil climbed approximately 19% from a year earlier…...
Oil prices lower on Middle East hopes and as OPEC+ boosts production
1+ mon, 6+ hour ago (502+ words) The price for a barrel of Brent crude oil for October delivery lost 5.16% to $83.39 a barrel, while US crude, or WTI, futures for September delivery declined nearly 6% to $79.66 per barrel. "The seven participating countries decided to implement a production adjustment…...
Wall Street Sees Diplomacy or Escalation as Trump’s Two Middle East Options
1+ mon, 1+ week ago (503+ words) Wall Street analysts believe the conflict in the Middle East has reached a critical stage, with investors increasingly focused on whether President Donald Trump ultimately pursues a diplomatic agreement with Iran or significantly escalates military action. The uncertainty is already…...
Insurers Flock to Oil Projects Outside the Middle East
1+ mon, 1+ week ago (820+ words) Global insurers had just shaken off the ESG push from earlier this decade when the Middle East conflict upended oil and gas upstream project coverage. The world's lowest-cost oil and gas producing region became a war zone at the end…...
Middle East War Set to Push Back LNG Glut by a Year, BNEF Says
1+ mon, 2+ week ago (478+ words) (Bloomberg) -- The liquefied natural gas market will move into oversupply in 2028, a year later than previously forecast, as war in the Middle East and major project delays push back the emergence of a global glut, according to BloombergNEF. US Hits…...