Ship refuelling at Fujairah, a major bunkering center in the United Arab Emirates, has slowed after the U.S.-Iran conflict disrupted fuel shipments in the region, spurring a jump in prices and potentially shifting demand to other ports including…
Fujairah Bunker Prices Surge as Demand Shifts Elsewhere Read More »
China is the world’s largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran.But the opposite is most likely the case, with China…
China Looks Best Placed to Weather Iran Energy Shock Read More »
A fuel tank at Oman’s Duqm commercial port was hit on Tuesday when the facility came under attack from several unmanned aircraft, the state news agency said, citing a security source, on the fourth day of U.S.-Israeli strikes on Iran, which…
Drone Attack Damages Fuel Tank at Oman’s Duqm Port Read More »
European financial markets are under strain as the U.S.-Israeli war on Iran revives concerns about an energy supply shock exacerbating inflation.ING says the euro zone is the most exposed major economy to the conflict, making the region, which has bene…
Europe Under Pressure as Gas Prices Climb Over 50% on Israel-US and Iran War Read More »
Brent rose more than $3 on Tuesday for a third day of gains as the widening U.S.-Israeli conflict with Iran and threats to shipping via the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude fu…
Oil Price Soars as US-Israel War with Iran Raises Supply Fears Read More »