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Keywords: Oil supply
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......
A quiet trickle of oil tankers has begun escaping the Persian Gulf through the Strait of Hormuz, with roughly one quarter of the large non-Iranian vessels stranded since the outbreak of war now having navigated past the strategic chokepoint. The gradual movement comes as Chevron's chief executive......
Ryanair has confirmed it will maintain its full summer flight program in Morocco, shielding itself from the fuel price surge triggered by the ongoing conflict involving the United States, Israel, and Iran, which has severely disrupted jet fuel supplies through the Strait of Hormuz. While the broader......
South Korea and Japan have agreed to deepen energy cooperation through new arrangements for exchanging and jointly managing reserves of crude oil and liquefied natural gas, as both countries seek to strengthen energy security amid heightened geopolitical risks in the Indo-Pacific region. The agreement......
Japan and Australia signed a series of agreements on critical minerals and energy cooperation during a bilateral summit in Canberra, as both countries move to secure supply chains under mounting pressure from global oil market instability linked to tensions in the Middle East. Japanese Prime Minister......
The OPEC+ alliance, which brings together major oil-producing countries, has held its first major meeting following the departure of the United Arab Emirates (UAE), a development that has raised questions about the group’s cohesion and future influence on global energy markets. The meeting included......
Global oil prices pulled back after news that Abbas Araghchi is traveling to Islamabad for a new round of negotiations between Iran and the United States. The diplomatic signal interrupted a five day rally driven by severe supply disruptions, offering markets a potential path toward de escalation. Brent......
The war involving Iran is raising alarm across global supply chains, with companies warning that the disruption could exceed the impact of the COVID-19 crisis. A survey conducted by Allianz Trade across 6,000 firms in 13 countries shows that nearly two thirds expect further supply shocks driven by rising......
A global energy shock triggered by the conflict between Iran and the United States has pushed demand for electric vehicles and solar power to record levels. The near closure of the Strait of Hormuz disrupted oil flows and drove sharp price increases, prompting households and businesses to shift away......