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China builds a crude oil war chest amid Middle East tensions
China is continuing to build up crude oil stockpiles as it refines substantially less than what it has available from imports ...
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'Unprecedented high': record surge in bidding activity spurs Middle East EPC boom
At least $70 billion of new EPC oil and gas projects are expected to be approved over the next five to six years in Saudi ...
Global oil supplies forecast to outstrip demand this year despite Middle East war
In a separate report on the outlook to 2030, the IEA forecast that oil supply would continue to outstrip demand over the next ...
Stocks fall, oil rallies as Middle East tensions unnerve investors
By Amanda Cooper LONDON (Reuters) -Stocks fell, while oil and gold rose on Tuesday, as fighting between Israel and Iran ...
Oil Tankers Collide Near U.A.E. as Israel-Iran War Disrupts Shipping
Shipowner Frontline said the incident near the Strait of Hormuz was due to navigational issues and not related to the current ...
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Middle East War: Trouble for Iran as US Raises Alarm Over Missile Attack on Its Embassy in Tel Aviv
Iranian missiles damaged the US embassy in Tel Aviv, escalating tensions. Israel retaliated with strikes on Iran's energy ...
Middle East conflict slows tanker bookings, lifts rates
The costs of chartering tankers to move oil from the Middle East to Asia have climbed and ship bookings have slowed as the ...
Oil Falls Back as Iran Seeks De-escalation
Crude oil futures finished down 1.7% to $71.77 a barrel, with oil under pressure as the latest source of turmoil in the Middle East may meet a quick conclusion.