Thursday 12 - 12:20
Shell, TotalEnergies, and several companies in Asia have declared force majeure on downstream contracts linked to Qatari liquefied natural gas deliveries, according to a Reuters report citing sources familiar with the matter. The move follows Qatar’s own force majeure declaration earlier in March after disruptions triggered by attacks......
European natural gas prices dropped sharply after a surge triggered by the conflict involving the United States, Israel, and Iran, as traders reacted to comments from U.S. President Donald Trump suggesting the war could end in the near future. The benchmark Dutch TTF gas price, the main reference for European gas markets, had nearly doubled......
India's restaurant and hospitality sector is facing severe disruptions as cooking gas supplies dwindle due to tensions in the Middle East. The ongoing conflict involving Iran has affected shipping in the Gulf and the Strait of Hormuz, raising fuel costs and limiting deliveries of liquefied petroleum gas (LPG) to Indian businesses. The......
Saudi Aramco expects to reach the full capacity of its East West crude oil pipeline within days as Saudi Arabia works to maintain exports while the Strait of Hormuz remains effectively closed due to Iranian military control. Chief Executive Amin Nasser warned that the crisis represents the most serious disruption the regional oil and gas industry......
Western energy companies not reliant on Persian Gulf supplies are emerging as the main financial winners as the United States and Israel’s war with Iran enters its second week, with American liquefied natural gas exporters positioned for what analysts describe as one of the largest commodity windfalls since the early 2000s. The surge......
Palm oil prices surged nearly 10 percent on March 9, marking the largest single day increase since the global commodity shock of 2022, as soaring crude oil prices triggered stronger demand for agricultural biofuels and disruptions in the Strait of Hormuz drove fertilizer costs higher. The benchmark palm oil contract for May 2026 delivery......
Several major Wall Street banks have offered employees in the United Arab Emirates the option of temporarily relocating as missile and drone attacks linked to the conflict involving Iran continue to affect the Gulf region. Goldman Sachs, Morgan Stanley and Citigroup have informed staff in the UAE that they may move to alternative locations......
The ongoing war involving the United States and Israel against Iran has disrupted a significant share of global energy supplies, pushing oil prices sharply higher and renewing calls worldwide to accelerate the transition toward locally produced renewable energy. Now entering its second week, the conflict has halted roughly one fifth of the......
Several loud explosions were heard Monday in different areas of Doha, the capital of Qatar, according to journalists on the ground. The blasts were accompanied by warning sirens and occurred on the tenth day of the ongoing conflict affecting parts of the Middle East. Witnesses reported that the explosions echoed across several districts of......
Ukrainian President Volodymyr Zelenskiy said on Saturday that he spoke with Saudi Crown Prince Mohammed bin Salman regarding the situation in Iran and broader Middle East tensions. Zelenskiy reiterated Ukraine’s offer to assist in countering Iranian-made drones, drawing on Kyiv’s extensive experience in defending against such attacks. In......
The United States has begun using British military bases to conduct “defensive operations” amid the ongoing Middle East conflict, the UK Ministry of Defence announced on Saturday. The move aims to prevent Iran from launching missiles in the region that could endanger British lives. US B-1 bombers have reportedly landed at RAF......
The United Arab Emirates (UAE) faced new drone and missile attacks on Saturday, causing a brief suspension of operations at Dubai International Airport, despite apologies from Iranian President Massoud Pezeshkian to neighboring countries. The strikes targeted Saudi Arabia, Kuwait, Qatar, and the UAE, with officials reporting 16 ballistic......
Qatar reported on Friday that it was targeted by ten Iranian drones, according to the country’s Ministry of Defense. The attacks occurred as tensions rise between Tehran and Gulf monarchies. “The State of Qatar experienced waves of attacks by the Islamic Republic of Iran involving ten drones, which began at dawn on Friday,”......
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