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News
China's 70% EV Target Deals Another Blow To Oil Demand
2+ hour, 12+ min ago (14+ words) ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero...
Saudi Arabia shuts key oil pipeline after drone attack launched from Iraq
1+ hour, 33+ min ago (79+ words) Saudi Arabia has closed a critical oil pipeline after it was attacked by drones launched from Iraq, as conflict in the Middle East widens. - You are only allowed to submit content which you have created yourself. - No nudity, pornography and…...
Oil tanker rates reach record highs on surging risks to Middle East shipping (FRO:NYSE)
21+ hour, 37+ min ago (78+ words) The cost of shipping oil in supertankers surged to fresh record highs this week following the biggest wave of attacks on Middle East shipping since the start of the US-Iran war. HeliRy/E+ via Getty Images The cost of shipping…...
Oil Industry Braces for Years-Long Iran War
2+ hour, 59+ min ago (232+ words) White House Weighs Defense Production Act as U.S. Refineries Maxed Out Attacks on energy facilities in… Oil prices climbed more than… Oil prices are closing in… Oil producers, traders, and refiners are bracing for a prolonged war between the United States…...
TRT World - Iraq seizes drone launch platform used in Saudi oil pipeline attack
10+ hour, 43+ min ago (258+ words) Iraqi authorities have seized a drone-launching platform inside Iraqi territory that was used in an attack on an oil pipeline in Saudi Arabia, Security Media Cell chief Saad Maan confirmed. In an official statement carried by the state-run Iraqi News…...
Oil's safety net Is running out: Market has lost its emergency supply cushion
4+ hour, 38+ min ago (289+ words) ALBAWABA - Oil prices may be set for another sharp increase in the coming months as emergency supplies that helped cushion markets after the Iran war begin to run out, Chevron CEO Mike Wirth warned. Since the battle began in late…...
Oil price hike fears as rebels strike vital Saudi pipeline in the Gulf
3+ hour, 55+ min ago (568+ words) By NICK CONSTABLE, REPORTER The threat of oil price rises is looming after drone strikes forced Saudi Arabia to close its critical Petroline pipeline. The move follows a lightning advance by Iranian-backed Houthi fighters who seized Yemen’s entire Red Sea…...
Doug Casey on the Coming Oil Shock—and Where Investors Could Profit
4+ hour, 2+ min ago (467+ words) Uncover the truth behind the oil shock and the government's role in managing the Strategic Petroleum Reserve effectively....
Iraq signs 25-year deal to develop Ajil oilfield
4+ hour, 25+ min ago (140+ words) BAGHDAD: Iraq’s North Oil Company signed a 25-year contract with private Iraqi project developer KEPPT to develop and operate the Ajil oilfield, the prime minister’s office said on Saturday. The agreement aims to raise the field’s gas output gradually to…...