Oil prices and war in Middle East
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By Alex Lawler LONDON, March 12 (Reuters) - The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to offset shortages and a spike in prices.
The degree to which the IEA acted is being interpreted that the conflict could continue for many weeks, said analysts.
US stock futures retreated on Thursday as oil prices pressed higher amid signs the Iran war is widening across the Middle East to further threaten disruption to energy supplies. Energy markets continue to be roiled by the fallout from the escalating ...
By Sam Li and Lewis Jackson BEIJING, March 12 (Reuters) - Oil prices climbed on Thursday after Iraqi security officials said Iranian explosive-laden boats had hit two fuel oil tankers amid other global supply disruptions from the U.
The United States and its allies announced steps to ease rising oil prices on Wednesday as the war with Iran continued to create chaos in the global oil market amid ongoing missile attacks throughout the Middle East.
The International Energy Agency slashed its oil supply growth forecast a day after a historic emergency stock release, as the Middle East war chokes crude oil flows.
The latest on the Iran war and the growing oil crisis across the Middle East from Dubai, Iraq, Lebanon and Israel.
Bangladesh has requested permission from the United States to purchase oil from Russia in an attempt to address an energy supply crunch triggered by the Middle East crisis, a senior minister said on
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Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East
The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
Australia has announced a temporary reduction in fuel quality standards that will allow petrol with higher sulfur content to enter the domestic market, a move aimed at increasing supply as global oil markets tighten amid the Middle East conflict.
Does a satellite image show fires currently burning in the Middle East? No, that's not true: This satellite image dates back to April 1991. It does not show anything currently burning in the Middle