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The escalating conflict between Iran and Israel raises serious concerns over potential disruptions to Middle Eastern oil supply, as both nations target each other's energy infrastructure.
Oil prices could surge to $120 per barrel if the Israel-Iran conflict disrupts supply through the Strait of Hormuz, where almost a third of global seaborne oil trade flows daily.
The loss of Iranian oil to the market could raise prices by up to $7.50 per barrel, but if oil exports through the Strait of Hormuz are affected, prices could climb to $100, according to Lipow.
While supply chain disruptions have not materialized as some analysts had feared earlier in the war, a spike in oil prices would carry significant implications for the U.S. economy, they said.
Oil prices have fluctuated due to concerns about potential supply disruptions in the Middle East following recent Israeli strikes on Iran, but no actual supply cuts have occurred. The Strait of ...
As the Israel-Iran conflict focuses attention on immediate energy security risks, the new IEA medium-term outlook sees the global oil supply increase set to far outpace demand growth in the coming ...
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The oil market's supply and demand balance is off - IEA reportThe International Energy Agency says that in 2025, the world will produce more oil than it needs, even as the Israel-Iran conflict raises the risk of supply disruptions. It forecasts a 1.8 million ...
Oil is likely to rise by $3-$5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, market analysts said.
The probability of a major oil supply disruption such as closure of the Strait of Hormuz estimated from options has fallen to just 4% following the Israel-Iran ceasefire, Goldman Sachs said.
The prices of oil and natural gas at mid-day Tuesday were $73.70 per barrel and $3.854 per thousand cubic feet, having risen substantially since the war started last Friday.
In the absence of major supply disruptions, the latest medium-term forecast sees a comfortably supplied oil market through 2030 – though significant uncertainties remain, especially given rising ...
As crude prices edge higher, several oil-focused ETFs are showing signs of life, offering investors a tactical opportunity amid supply tightness and improving sentiment. Oil may have spent most of ...
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