European traders are bracing for a prolonged disruption to supplies from the world’s largest liquefied natural gas plant in Qatar, with a sharp rise in prices for delivery in 2027 this week. ›
Oil prices gained on Friday despite leading European nations, Japan and Canada offering to join efforts to secure safe passage for ships through the Strait of Hormuz and the U.S. outlining moves to boost oil supply. ›
Oil prices jumped on Thursday, with benchmark Brent rising to its highest in more than a week to more than $115 a barrel, after Iran attacked energy facilities across the Middle East following Israel’s strike on its South Pars gas field, a major escalation in the war. ›
Oil prices fell on Wednesday after crude exports resumed from Iraq’s Kirkuk fields to Turkey’s Ceyhan port via pipeline, providing modest relief to global markets concerned about supplies from the Middle East. ›
Oil prices rose around 3% on Tuesday, clawing back some of the previous session’s losses on renewed supply fears, with the Strait of Hormuz largely shut and U.S. allies rejecting calls to deploy warships to escort tankers through the key chokepoint. ›
Oil prices could extend gains at Monday’s open as the U.S.-Israeli war against Iran entered a third week, putting oil infrastructure at risk and keeping the Strait of Hormuz shut in the world’s largest supply disruption. ›
Oil prices headed for weekly gains as of Friday, despite the U.S. trying to ease supply concerns by issuing a 30-day license for countries to buy Russian oil and petroleum products stranded at sea. ›
European natural gas followed oil higher as shipping turmoil expands in the Middle East and markets prepare for disruptions to continue for months. ›
Oil prices rose on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of a prolonged conflict and oil-flow disruptions through the Strait of Hormuz. ›
Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency’s reported plan for a record release of oil reserves could offset potential supply shocks from the U.S.-Israeli conflict with Iran. ›
