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China Halts Fuel Exports, Risking Asian Shortages Amid Hormuz Conflict
China has banned all exports of diesel, gasoline, and jet fuel until at least the end of March. This decision aims to prevent domestic shortages during the...
Reliance Backs America First Refining, Securing US Oil Amid Iran Conflict
Mukesh Ambani’s Reliance Industries is the lead investor in America First Refining. This project marks the first major new oil refinery built in the United...
Iran drones hit UAE energy hubs, halving output as Brent tops $103
Iran launched drone attacks against the Shah gas field and Fujairah oil hub in the United Arab Emirates. The strikes forced a suspension of operations at the...
Iraq seeks Iran deal for Hormuz oil transit, as prices top $100
Iraq Oil Minister Hayan Abdel Ghani confirmed direct negotiations with Iranian authorities to secure passage for Iraqi tankers through the Strait of Hormuz....
ADNOC Suspends UAE Energy Operations After Strikes, Sending Oil Past $103
Drone strikes targeted critical United Arab Emirates energy infrastructure on March 17. The attacks hit the Shah gas field and the Fujairah oil port. ADNOC...
UAE Halts Major Energy Hubs, Brent Hits $103 After Drone Attacks
The UAE suspended operations at the Shah gas field and Fujairah oil port on Tuesday following drone attacks. Attributed to Iran, the strikes caused fires at...
UAE and Iraq Energy Sites Hit, Pushing Brent Crude Above $100
Drone strikes targeted energy facilities in the United Arab Emirates and Iraq on Tuesday. An attack at the Shah gas field, one of the world's largest sour gas...
Iran Strikes UAE and Iraqi Energy Sites, Pushing Oil Above $100
Iran launched drone and missile attacks on Tuesday, striking the Shah natural gas field in the United Arab Emirates and an Iraqi oil field. The attack on the...
IEA releases record 400 million barrels, oil holds above $100 amid blockade
Brent crude traded at $101.49 on March 17. Prices remain above $100 per barrel as geopolitical risks offset supply efforts. The Middle East conflict...
Oil prices plunge as tankers transit Hormuz, following record IEA reserve release
Brent crude settled near $100 per barrel as global oil prices fell sharply. West Texas Intermediate dropped to approximately $93.50. These figures mark a...
IEA releases 400 million barrels, following historic Strait of Hormuz closure
Brent crude prices exceeded $106 per barrel as Middle East conflict persists. The closure of the Strait of Hormuz has blocked one-fifth of global oil...