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Keywords: Energy markets
Oil prices are on track to end the week above $100 a barrel for the first time since May, as escalating attacks and growing security risks across the Middle East fuel concerns over prolonged disruptions to global energy supplies. Despite a decline in prices during Friday’s trading session, both......
Oil prices extended their gains for a fourth consecutive session on Wednesday as escalating geopolitical tensions in the Gulf raised concerns about further disruptions to regional energy supplies. At around 09:42 Moscow time, October futures for US West Texas Intermediate crude were up 1.37% at $94.30......
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 raised its oil price forecasts for 2026 and 2027, citing the possibility that disruptions to shipping and energy supplies in the Middle East could continue into next year. The investment bank now expects Brent crude to reach $85 a barrel in December 2026, while US West Texas Intermediate......
Commercial shipping activity through the Strait of Hormuz has fallen sharply in recent days, highlighting growing concerns over maritime security and the potential impact of escalating tensions on one of the world's most important energy corridors. Shipping data showed that an average of only 10......
Global fuel oil markets are facing the prospect of a significant supply shortage in the third quarter as disruptions linked to the war in the Middle East encourage refineries to prioritize higher-demand products such as diesel, gasoline and jet fuel. Energy consultancy Energy Aspects estimates that......
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......
U.S. President Donald Trump has said oil shipments passing through the Strait of Hormuz have almost recovered to the levels recorded before the latest escalation with Iran, pointing to a significant improvement in commercial traffic through the strategically important waterway. In a post on his Truth......
Only six commercial vessels crossed the Strait of Hormuz on Wednesday, according to preliminary shipping data, highlighting the continued disruption affecting one of the world's most important maritime energy routes. Data from shipping intelligence company Kpler, recorded as of 04:05 GMT on Thursday,......