(Oil Price) – The new energy crisis triggered by the Middle East conflict could hurt European consumers and industries for years, European Commission President Ursula von der Leyen said on Wednesday. “Our shared goal is now to see a lasting end to the war,” von der Leyen told the European Parliament in a speech today. “But there is also a harsh reality
(World Oil) – TotalEnergies reported damage at the SATORP refinery in Saudi Arabia following overnight incidents linked to the ongoing Middle East conflict, resulting in the shutdown of one of the site’s two processing trains. The SATORP facility, a joint venture majority-owned by Saudi Aramco (62.5%) with TotalEnergies holding 37.5%, was impacted during the night of April 7–8. No casualties were
(Investing) – SHANGHAI – Tightened supply of helium due to the Middle East conflict has started affecting some production in the global tech supply chains, leaving companies scrambling to secure alternative supplies, industry executives said. Helium is used in several key stages of chipmaking, including cooling, leak detection and precision manufacturing processes, and its prices have soared since the Middle East
(World Oil) – Saudi Aramco jumped the most since April 2023 on Sunday as the Iran war entered its second week, prompting supply disruptions that may send oil prices higher when global markets reopen. Shares of the state-backed oil giant climbed as much as 4.9% in Riyadh before paring gains to close up 4.1%, on the first day of trading for the
(BOE Report) – Oil prices have soared while share markets have skidded on fears that the escalating U.S.-Israeli war on Iran will squeeze energy supplies and hamstring industries around the world. Following are actions that governments are taking or plan to take to reduce the impact of the war on their economies. SOUTH KOREA PLANS FUEL CAP South Korean President
(Investing) – Oil prices soared Friday, with Brent climbing above $90/bbl, after the release of weak U.S. jobs data, adding to previous gains as the escalating conflict in the Middle East raised concerns over global supply disruptions. At 09:30 ET (14:47 GMT), Brent Oil Futures expiring in May gained 6.6% to $91.10 per barrel, while West Texas Intermediate (WTI) crude futures gained 9.5%
(Investing) – Oil prices rose sharply Monday on concerns of increasing supply disruptions after the U.S. and Israel launched a wave of attacks against Iran. At 11:23 ET (16:23 GMT), Brent oil futures surged 6.8% to $77.80 a barrel, after earlier climbing to its highest level since January 2025, while West Texas Intermediate crude futures rose 5.7% to $70.85 a barrel, just below its highest
