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Keywords: Oil supply
The cost of transporting crude oil by the world’s largest tankers has surged to unprecedented levels as disruptions linked to the conflict involving Iran reshape global shipping routes and intensify pressure on the limited fleet of Very Large Crude Carriers (VLCCs). Rates for VLCCs operating between......
Global oil markets are entering a period of heightened uncertainty as disruptions to refined-product supplies, rising tanker costs and growing security risks reshape the economics of international energy trade. Producers, refiners and trading companies are increasingly adjusting their purchasing, transportation......
Major investment banks are raising their forecasts for Brent crude prices as persistent disruptions to shipping routes in the Middle East increase concerns over the security of global oil supplies. Oil prices have moved above the $100-a-barrel threshold amid growing fears that prolonged disruptions......
The International Energy Agency (IEA) has lowered its forecast for global oil demand growth as the continuing conflict in the Middle East disrupts production, trade flows and energy markets. The revision reflects growing uncertainty over economic activity and fuel consumption as geopolitical tensions......
Global oil demand could decline by around 1.5 million barrels per day in 2026 compared with the previous year, according to Russell Hardy, chief executive of global energy trading company Vitol. Hardy made the forecast during the Asia-Pacific Petroleum Conference in Singapore, as geopolitical tensions......
Goldman Sachs has warned that crude oil prices could surge to as much as $120 a barrel if attacks on commercial vessels in the Middle East intensify, highlighting the growing risks facing global energy markets amid mounting geopolitical tensions. Dan Struyven, co-head of Global Commodities Research......
Ukrainian attacks targeting Russian energy infrastructure are adding pressure to global energy markets, according to comments by U.S. Treasury Secretary Scott Bessent. The attacks have increasingly focused on facilities linked to Russia’s oil and energy sector, raising concerns about potential......
The International Energy Agency (IEA) expects global oil supply to fall significantly in 2026, reflecting the continuing impact of disruptions around the Strait of Hormuz and difficulties affecting crude exports from the Gulf region. According to the agency's latest monthly oil market report, global......
Oil prices climbed sharply on Tuesday as financial markets reacted to the continued disruption in the Strait of Hormuz and the absence of progress between Iran and the United States. The latest move pushed the benchmark Brent contract briefly above the $90-a-barrel threshold, highlighting renewed concerns......