Tag: global oil supply

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 IEA Warns of historic supply shock as Middle East refineries, oil terminals face persistent attacks   The Middle East energy landscape, long considered a major contributor to the global economy, is systematically being dismantled as the war between the United States, Israeli and Iran enters its third week. What began as a campaign targeting military …

Gulf in Flames: Oil Infrastructure Crumbles as Conflict Enters Third Week

Oil prices rebounded on Monday, climbing more than $1 after last week’s losses, as OPEC+ announced a modest production increase amid concerns over potential new sanctions on Russian crude. The group, which includes OPEC members plus Russia and allies, plans to raise output by 137,000 barrels per day from October, a figure far below earlier …

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