Keywords: Oil price surge
Fatih Birol said the conflict involving Iran and a coalition led by the United States and Israel has created the most severe global energy crisis on record, surpassing both the oil shocks of the 1970s and disruptions linked to the war in Ukraine. Speaking publicly on Tuesday, he said the combined impact......
The world’s largest oil and gas companies, along with major producing states, are on track to generate an additional $234 billion in profits by the end of 2026 if crude prices remain around $100 per barrel. The projection, based on data from Rystad Energy, reflects how the conflict linked to Iran......
The United States Central Command began enforcing a naval blockade on all maritime traffic to and from Iranian ports on Monday at 10 a.m. Eastern Time, following the collapse of negotiations between US and Iranian officials in Islamabad. The move came hours after nearly 21 hours of talks between US......
Gold prices dropped in early Asian trading after Donald Trump ordered a naval blockade of the Strait of Hormuz, triggering a surge in oil prices and strengthening the US dollar. The decline followed Trump’s announcement that the US Navy would immediately block vessels entering or leaving the strategic......
As conflict involving the United States, Israel, and Iran continues to destabilize global energy markets and effectively close the Strait of Hormuz, China's long-running transition toward electric vehicles and renewable energy is providing the world's largest crude oil importer with a notable......
The war in the Middle East has upended global energy markets, but for China the disruption is proving to be an accelerant. As oil-importing nations grapple with crude prices above $110 a barrel and scramble for alternatives to volatile fossil fuel supplies, Chinese electric vehicles, solar panels, and......
Six weeks into the war between the United States, Israel, and Iran with no ceasefire in sight, Asia, the destination for roughly 90 percent of the oil and 83 percent of the liquefied natural gas that normally transits the Strait of Hormuz, is bearing the heaviest economic toll of a conflict it did not......
Escalating conflict in the Middle East erased approximately $62 billion from the combined wealth of Southeast Asian billionaires in March, reshuffling the region's richest rankings as Asia-Pacific stock markets buckled under surging energy prices and a collapse in investor confidence. The 150 ASEAN......
Shares in Shell and BP surged to all-time highs on Thursday as the ongoing U.S.-Iran conflict continues to drive crude oil prices sharply higher, generating windfall gains for major oil companies while hitting consumers hard at the pump. Shell's share price has risen roughly 15% over the past month,......
-
11:54
-
11:40
-
11:20
-
11:00
-
10:42
-
10:19
-
09:51
-
09:28
-
09:21
-
09:01
-
08:40
-
08:20
-
08:00
-
07:42
-
07:19
-
07:00
-
16:21
-
15:59
-
15:40
-
15:20
-
14:59
-
14:40
-
14:17
-
13:59
-
13:43
-
13:23
-
13:04
-
12:15
-
12:00
