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News
East-West Pipeline: Saudi Oil Stocks at Risk
8+ hour, 41+ min ago (247+ words) Saudi Arabia's oil export stocks may deplete within days if the damaged East-West pipeline isn't restarted, potentially cutting global supply by up to 4%, according to oil buyers and traders. The Guardian reported that "Saudi Arabia's oil stocks designated for export…...
Oil Surges Over $3 Amid Iran Strait Tensions
8+ hour, 51+ min ago (1601+ words) Crude oil prices jumped sharply Monday, with Brent crude reaching $107.54 per barrel and U.S. West Texas Intermediate hitting $102.34, amid mounting Middle East security concerns and new Iranian restrictions on Strait of Hormuz navigation. Oil prices surged sharply on Monday, driven by…...
Syria Fuel Price Hike: Banias Refinery Shutdown
1+ day, 6+ hour ago (903+ words) Syria has temporarily increased fuel prices starting Sunday due to rising global costs and the need to ensure domestic supply continuity. The move follows a major refinery shutdown and ongoing import dependency. The Permanent Committee for Setting Prices of Petroleum…...
Georges Braks Warns of $30/L Gas Price in Lebanon
5+ day, 6+ hour ago (168+ words) Braks: We Are on the Brink of $30 per Liter for Gasoline in Lebanon Daily Beirut George Braks, a member of the Lebanese Fuel Stations Owners Association, stated: "Unfortunately, due to escalating military tensions and attacks on energy facilities in the…...
Brent Crude Near $100 Amid Iran-Jordan Missile Strikes
5+ day, 7+ hour ago (295+ words) Oil prices rose for a fourth consecutive day, with Brent climbing to $99.49 per barrel and WTI to $94.63, following Iranian ballistic missile attacks on Jordan and renewed U.S. military action against Iranian oil tankers. Crude oil prices extended gains for the fourth…...
Bisping: Iran Responds Strongly to Sanctions
1+ week, 6+ day ago (142+ words) US Treasury Secretary Scott Bisping stated Iran is responding strongly to American sanctions due to economic losses, as Washington vows to maintain pressure and Trump signaled a response to Iranian attacks on US targets. US Treasury Secretary Scott Bisping said…...
Oil Surges Over 2% Amid US-Iran Strait Tensions
2+ week, 7+ hour ago (333+ words) Oil prices rose more than 2% on Monday amid renewed US-Iran military escalation in the Strait of Hormuz, now entering its sixth month. Crude oil prices climbed by more than 2% on Monday following a fresh round of military escalation between the…...