Energy, Oil & Gas

Oil oversupply to cushion impact of Hormuz shipping disruptions, says expert

The effective closure of the Strait of Hormuz following the outbreak of the Iran conflict, is likely to be temporary given its vital economic role. This, alongside global oil market oversupply, should limit oil price rises and mitigate any potential disruptions to Iranian oil supply, said an industry expert. ...

Energy, Oil & Gas

India's GAIL weighs gas supply cuts after Petronet LNG force majeure

India's GAIL said it will assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG over ‌constraints on vessels as conflict escalates in the Middle East....

Energy, Oil & Gas

Drone strike targets Ras Tanura refinery; no damage

Saudi Arabia said on Wednesday that an attempted drone strike targeted the Ras Tanura Refinery, the Kingdom’s largest oil processing facility, but caused no damage and did not disrupt supplies....

Energy, Oil & Gas

Oil and gas prices surge as Hormuz stays closed; Aramco mulls Yanbu route

Global oil and gas prices surged on Tuesday as the escalating U.S.-Israeli war with Iran disrupted energy exports from the Middle East, triggering supply fears and sending shockwaves through commodity markets....

Energy, Oil & Gas

Exxon, TotalEnergies output at risk from Iran war: Analysts

Exxon Mobil TotalEnergies and Shell are among the companies with more exposure to disruptions in oil and gas production due to the US-Israel war with Iran, analysts said in research notes....

Energy, Oil & Gas

Iran says Strait of Hormuz is 'closed', warns ships will be set ablaze

Iran’s Revolutionary Guard Corps (IRGC) declared that the Strait of Hormuz was “closed” and that any vessel attempting to pass through the waterway would be set “ablaze.”...

Energy, Oil & Gas

QatarEnergy stops production of LNG 'due to military attacks'

QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said....

Energy, Oil & Gas

Attacks on nuclear facilities will be disastrous warns IAEA

Armed attacks on nuclear facilities should never take place and could result in radioactive releases with grave consequences within and beyond the boundaries of the state which has been attacked, IAEA has warned....

Energy, Oil & Gas

Hundreds of ships drop anchor in Gulf waters

At least 150 tankers, including crude and LNG vessels, dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed, after US and Israeli strikes on Iran plunged the region into turmoil....

Energy, Oil & Gas

Oil prices jump 7% over Middle East conflict

Global oil prices surged on Monday as escalating hostilities in the Middle East rattled energy markets, raising fears of a prolonged supply disruption from one of the world’s most critical oil-producing regions....

Energy, Oil & Gas

Iran says no ship will be allowed through Strait of Hormuz

Iran's Revolutionary Guards warned on Saturday that no vessel would be allowed to pass through the Strait of Hormuz, a chokepoint through which nearly a fifth of the world’s oil supply passes....

Energy, Oil & Gas

Oil near seven-month high as Mideast war clouds loom

Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict ​between the US and Iran ​that could disrupt supply continued ​to worry investors as talks between the parties are set for Thursday. Brent prices soared to $71.10 per barrel, their highest since July 31, 2025. ...