Goldman, Rystad See Room for $120 Oil if U.S.-Iran Conflict Continues
As commodity traders adapt to a forecast of prolonged uncertainty and disruption in the Strait of Hormuz, oil prices are rising again – and analysts and Goldman see room to grow.
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UAE Rejects Being Held “Hostage” in Escalating US-Iran War
The United Arab Emirates is building alternative routes for its energy exports and trade to ensure they are not, "held hostage," by the ongoing war between the US and Iran, UAE presidential adviser Anwar Gargash said on Monday.The conflict has…
Oil Reaches Six-week High Amid Iranian Threats to Energy Sites
Oil prices rose to a six-week high on Monday as Iran vowed to strike energy infrastructure across the Middle East in response to further US attacks on its assets, the latest escalation in a conflict that has sharply reduced oil…
Russia Opens Massive Vostok Oil Project and Sever Bay Arctic Port
Russia’s massive new oil field in the Arctic, Rosneft’s flagship Vostok Oil, officially began operations on September 5. Underlining the significance of the project, President Vladimir Putin participated in the ceremony via teleconference and gave the order to begin loading…
Falklands Oil Dispute Ensnares Israeli Investors After Milei Warning
Argentine President Javier Milei's push for sanctions on oil companies drilling offshore in the British-controlled Falkland Islands has put Israeli investors at the centre of a sovereignty dispute over which Britain and Argentina went to war in 1982.Milei, a proclaimed…
Oil Prices Dip, but Weekly Gains Hold Firm After US-Iran Hostilities
Oil prices slid on Friday but were on course to gain more than six per cent for the week after the United States and Iran resumed military exchanges in the seventh month of their conflict, while US diesel prices hit…