Rising LNG and oil prices would strain Egypt’s foreign reserves, widen fiscal deficits, pressure the currency, and potentially reignite inflation and social unrest.
Iraq has begun curtailing oil production at key southern fields, including Rumaila, while West Qurna 2 is also shutting in ...
India has been forced to reduce gas supply to its industrial customers by 10% to 30% after Qatar, one of its top suppliers, announced a halt in liquefied natural gas production due to military attacks ...
Asian refiners are considering slashing crude processing rates by up to 30% as the war in Iran has effectively closed the Strait of Hormuz, delaying critical Middle Eastern crude deliveries.
Oil prices continue to surge as the conflict in the Middle East intensifies, with Iran threatening to close the Strait of Hormuz and US officials suggesting a prolonged military operation.
Following military attacks on operating facilities, Qatar, the world’s second-largest LNG exporter, has ceased production, causing Europe’s benchmark natural gas prices to soar by approximately 70% ...
A quiet industrial revolution in Ohio is disrupting China’s stranglehold on the U.S. military, seeking to reclaim the "missing link" in the rare earth supply chain to ensure U.S. production of ...
The United States will not immediately tap the Strategic Petroleum Reserve but will unveil a phased plan on Tuesday to mitigate the spike in global oil prices due to the conflict in Iran.
China is actively pressuring Iranian officials to keep the Strait of Hormuz open for oil and LNG transit following threats from Iran to close the vital energy shipping route.
The war in the Middle East has propelled oil and LNG tanker freight rates to record highs, disrupting traffic in the vital Strait of Hormuz and causing global shipping and gas market volatility.
The United States is set to unveil a phased plan, led by the Energy and Treasury Secretaries, to mitigate a sudden oil price spike and the resulting surge in US gasoline and diesel prices following ...
Ecuador's oil production is in decline due to aging, corroded infrastructure, which has caused frequent pipeline shutdowns and significant drops in output. The country is fiscally challenged, ...