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Keywords: Global energy
A new phase of confrontation between Iran and the United States unfolded on Tuesday after Tehran announced that it had launched ballistic missiles at a U.S. military installation in Jordan, escalating fears of a broader regional conflict with potential consequences for global energy markets. The strike......
The United States has reaffirmed its commitment to maintaining freedom of navigation in the Strait of Hormuz, with U.S. Central Command stating that military forces are positioned and prepared to ensure commercial vessels can transit the strategic waterway. The statement follows a sharp escalation in......
The global oil market could move out of its current trading range by early 2027 if geopolitical tensions in the Middle East persist, Eni CEO Claudio Descalzi has warned, pointing to growing risks for inflation and energy demand. In an interview published by Italian financial newspaper Il Sole 24 Ore,......
The OPEC+ alliance is expected to approve another increase in oil production targets, according to sources familiar with internal discussions, adding fresh supply to a market already under pressure from falling prices and shifting geopolitical conditions. The decision is expected to be formalised during......
Global demand for liquefied natural gas (LNG) is on course for substantial long-term growth, with consumption expected to increase by approximately 65% by 2050 as Asian economies accelerate their energy transition and electricity demand continues to climb. According to Shell's latest annual LNG......
Maritime traffic through the Strait of Hormuz has experienced a noticeable decline amid escalating regional tensions and increased security concerns, according to shipping data and regional reports. The strategic waterway, which handles a significant share of global oil shipments, is seeing reduced......
Wael Sawan, chief executive of Shell, has warned that the blockage of the Strait of Hormuz is driving a severe shock across global energy supply chains. The disruption comes amid escalating tensions involving Iran, the United States, and Israel, which have destabilised one of the world’s most critical......
Global oil markets are facing severe disruption as major institutions warn of an accelerating supply shock linked to geopolitical conflict and restricted maritime flows. The International Energy Agency has cautioned that crude markets could enter a critical shortage phase within weeks if key transport......
Oil market analysts and consultants meeting at OPEC headquarters in Vienna warned that supply disruptions caused by the closure of the Strait of Hormuz are likely to persist until the end of 2026, even if maritime traffic resumes in the near term. The assessment reflects the scale of the ongoing energy......