Iranian oil cargoes are being diverted to Oman and Bangladesh. Iran’s oil production has been recently estimated to have hit its highest level since 2018. Last month, Iran’s Petroleum Minister Javad Owji claimed that Tehran […]
As the Middle East braces for further escalation, what are Tehran’s options? All of the Middle East can agree on one thing right now: Something big is coming. Airlines are canceling flights to major cities […]
The U.S. crude oil benchmark rallied nearly 2.5% on Wednesday, with Brent crude not far behind, as Wall Street held its breath over an anticipated response by Iran to Israel’s assassination of the Hamas leader […]
Daily Standup Top Stories Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024 August 6, 2024 Mariel Alumit Saudi Aramco’s CEO has forecast a strong increase in global oil demand […]
Venezuelan President Nicolás Maduro has been declared the winner of a controversial presidential election, sparking widespread protests and international condemnation. Despite the re-election of Maduro, the United States has maintained sanctions on Venezuela’s state-owned oil […]
Daily Standup Top Stories How Conflict in the Middle East Could Send Oil Prices Soaring August 5, 2024 Mariel Alumit Rising tensions between Israel and Iran are threatening to disrupt oil supply chains and could send […]
Rising tensions between Israel and Iran are threatening to disrupt oil supply chains and could send oil prices soaring. The World Bank has already outlined just how high oil prices could go if Iran and […]
Oil prices dropped significantly on Friday and Monday morning due to concerns about a potential recession in the U.S. and weak Chinese demand. The decline was partially offset by rising tensions in the Middle East, […]
Israeli markets drop; US sees Iranian attack in 24-48 hours Saudi, Egyptian, Turkish stocks, bonds, currencies also hurt Financial markets across the Middle East tumbled Monday, as concerns over a potential Iranian attack on Israel […]
Tehran will likely launch a series of strikes on the Jewish state within 48 hours, the outlet’s sources expect The US and Israel are continuing preparations for a major attack by Iran in retaliation for […]
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