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IRAQ FORCE MAJEURE
Whose World Cup is it?: As visas tighten, prices soar and teams fall away, the ‘global’ game feels increasingly exclusiveThe upcoming FIFA World Cup faces major hurdles. Many popular teams will not participate. Ticket prices have surged dramatically, making at...
Oil stabilises as investors weigh US, Iran threats to facilities, sanctions liftOil prices saw a slight dip as markets grappled with escalating U.S.-Iran tensions threatening energy infrastructure, juxtaposed with the r...
Israel-Iran war: Iraq declares force majeure on foreign-operated oilfields over Hormuz disruption, sources sayIraq has declared force majeure on its oilfields. Military operations have disrupted navigation through the Strait of Hormuz. This has halt...
Oil jumps to highest settlement since July 2022 as more Mideast supply disruptedOil prices have surged to their highest in nearly four years. Iraq declared force majeure on oilfields. The U.S. is deploying more troops t...
Iran war leaves deep, costly scar on Mideast energyThe Iran war has disrupted regional stability and energy markets, with Iran blocking the Strait of Hormuz and targeting infrastructure. Thi...
Saudi Aramco reducing output at two oilfields, two sources saySaudi oil giant Aramco is rerouting crude to the Red Sea port of Yanbu. The vital Strait of Hormuz is effectively closed due to the US-Isra...
Oil dives $20 to below $90/bbl in record intraday reversal as Trump signals possible end to warCrude oil prices plummeted over $20 from intraday highs, falling below $90 a barrel following U.S. President Trump's remarks suggesting a s...
Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gasThe ongoing Iran war is severely impacting vital oil and gas infrastructure around the Persian Gulf. Drone strikes and the closure of the S...
US-Israel war on Iran disrupts oil, gas supply: Key energy disruptions across Middle East so farA war involving the US and Israel has severely disrupted oil and gas exports from the Middle East. Major producers like Kuwait and Iraq are...
Oil prices rise as Iran conflict widensOil prices were up more than one percent in early Asian trade on Thursday off the back of persistent worries about supplies because of the ...
Qatar shuts LNG output; supplies to India hit, city gas sector flags crisisQatar has halted liquefied natural gas (LNG) production after its facilities came under attack amid the ongoing West Asia conflict, disrupt...
Qatar halts LNG output after attacks; disruptions to hit Indian supplies, city gas firms flag concernsQatar has stopped liquefied natural gas production following attacks. This halts supplies to India, affecting industrial consumers and city...
Will Iran participate in FIFA World Cup 2026 in US? FIFA’s statement, Iran’s position and regulations on withdrawalWill Iran participate in FIFA World Cup 2026 in US? Iran’s involvement is uncertain after US-Israel strikes, domestic league suspension, an...
Oil retreats on oversupply worriesIn early Asian trading, the oil market has encountered a downward shift, reflecting anxieties over oversupply that are outpacing optimism f...
Oil falls by over 4% as Saudi price cuts counter Middle East worriesOil prices fell by more than 4% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting supply con...
Oil rises for 4th day as supply disruptions, China demand supportsHopes for a quick rebound in demand from China also supported oil prices as the world's second-largest oil consumer ended more than three y...
Oil rises for third day as interest rate concerns easeComments from U.S. Federal Reserve Chair Jerome Powell on Tuesday were seen as less hawkish than feared, boosting risk appetite and weighin...
India's oil imports in May sink to lowest in over 8 yearsIn May, India imported 3.18 million barrels per day (bpd) of oil, a decline of about 31% from April and about 26% from a year ago, the data...
Saudi Arabia pips Iraq as top oil supplier to India in AprilIndia's oil imports in April totalled 4.63 million barrels per day (bpd), up 5% from March but down 4.1% from April 2019
IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, KuwaitIOC has reduced processing at its refineries by at least one-fourth as shutting down of businesses, suspension of flights and most vehicles...