Energy, Oil & Gas

Oil moves lower after Trump's comment on Hormuz

Oil prices turned lower in Asian trading on Tuesday as markets reacted to reports that Donald Trump had indicated to aides he was prepared to bring the conflict with Iran to an end without insisting on the immediate reopening of the Strait of Hormuz....

Energy, Oil & Gas

Hormuz shutdown could force Iraq, Kuwait to curb oil output within days: JP Morgan

Crude oil supplies from Iraq and Kuwait could start shutting in within days if the Strait of Hormuz remains closed, potentially cutting 3.3 million barrels ‌per day (bpd) by day eight of the Middle East conflict, JP Morgan analysts said in a note....

Energy, Oil & Gas

Energy crisis looms as major plants shut down, Hormuz shipping halted

A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz....