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MIDEAST SUPPLY DISRUPTION
US oil prices fall as investors gauge risks to Mideast supplyThe price of US West Texas Intermediate crude dropped 0.9%, settling at $101.86 a barrel, showing sharp fluctuations after a previous day’s...- Climate change Is making these grocery items more expensive this yearGlobal grocery prices are increasing as a result of climate change impacting food production. Recent research highlights that extreme weath...
- Saudi Arabia ramps up Gulf oil exports after pipeline attack, data showsSaudi Aramco recently loaded approximately fourteen million barrels of crude oil onto seven tankers, marking a boost in its Gulf export act...
- Oil markets survived the Iran war sprint. Now comes the marathonThe Iran war is increasingly looking like a prolonged threat to global energy markets, rather than a short-term supply shock. Crude has ris...
- Saudi Arabia faces fresh Red Sea threat as Houthi gains, pipeline shutdown rattle kingdomHouthi rebels are advancing, threatening a vital Red Sea shipping route. Drone attacks have forced a major pipeline closure, impacting glob...
- Oil importers are learning to live with a new reality as old routes of business fall apartOngoing tensions involving Iran are pushing major oil importers to develop alternative supply routes, which increasingly bypass the supply ...
- Iran-US attacks restart: Refiners in the crosshairs again as some Gulf cargoes stand delayed, cancelledIndian refiners face mounting crude supply disruptions from the Gulf region. Rising vessel attacks and transit bottlenecks are causing sign...
- Xi visits Egypt as China seeks deeper influence across the MideastChinese President Xi Jinping’s Egypt visit is deepening Beijing’s ties with a key US ally while advancing China’s bid for greater Middle Ea...
- Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
- India to purchase fertilizer at nearly double pre-war priceIndia is set to purchase urea fertilizer at significantly higher rates. This comes as the Middle East conflict impacts global supplies. Ind...
- Israel, Iran war: Bangladesh rushes to secure $2 billion loan amid energy crisisWest Asia war: Bangladesh is seeking significant loans to bolster its energy security. The nation faces challenges due to soaring global fu...
- 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...
- Why have Houthis and Hamas not joined Mideast war on Iran side to target US and Israel yet? Strategic calculations shape Middle East conflict responseWhy have Houthis and Hamas not joined Mideast war on Iran side to target US and Israel yet? The question is central to the Middle East war....
- Restaurants raise concern about potential LPG cylinder shortage to Oil Minister PuriThe National Restaurant Association of India has alerted the Petroleum Minister about a possible shortage of commercial LPG cylinders. This...
- PG Electroplast shares tumble 13% on LPG supply disruption after Mideast warShares of PG Electroplast fell sharply after the company flagged a gas shortage under its supply agreement due to maritime restrictions lin...
- Oil eases though investors wary over potential Mideast supply disruptionOil prices dipped slightly after a Thursday rally, with both Brent and WTI still set for weekly gains. Investors are weighing hurricane dam...
- Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concernsThe head of Israel's Mossad has returned from Doha after an initial meeting with mediators trying to reach a Gaza ceasefire and hostage rel...
- Shipping CEOs see no short-term end to Red Sea disruptionsDisruptions to supply chains that began during the pandemic were partly behind an initial bout of inflation that occurred before energy pri...
- Oil slips; investors eye Mideast developmentsOn Sunday, the Houthi militia threatened a "strong and effective response" after the United States carried out another strike overnight, ra...
- Crude above $87 stokes inflation, growth worries"If oil prices keep moving up or remain at these levels, inflation pressures will be alive and kicking, which could ultimately transfer int...
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