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Infrastructure attacks, Hormuz shutdown driving oil surge, analysts say

March 3, 2026

(World Oil) – Oil futures extended gains as the U.S.-Iran conflict widens and energy infrastructure across the Middle East comes under attack, according to Sasha Foss, Energy Analyst at CSC Commodities, a division of Marex. Front-month Brent crude rose $5.66/b to $83.40, with the prompt spread widening to $2.65/b, reflecting tightening near-term supply conditions. Foss said the biggest risks to global

Global energy prices soar as Iran crisis disrupts shipping, oil and gas production

March 3, 2026

(Investing) – LONDON- Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq. The benchmark Brent crude oil contract gained nearly 8% on Tuesday to above $83 per barrel, the highest

EU pushes harder on Russian oil as Moscow fires back- oil and gas 360

EU pushes harder on Russian oil as Moscow fires back: Oil & Gas 360

February 26, 2026

(By Oil & Gas 360) – The European Union is weighing a plan to permanently ban Russian oil imports and to impose a full ban on providing shipping and related services for Russian oil, escalating its efforts to tighten pressure on Moscow. But turning that proposal into reality would likely require coordination beyond Brussels, including backing from G7 partners that play

U.S.-Iran tensions threaten to send oil tanker rates soaring

February 20, 2026

(Oil Price) – The ratcheting up of tensions between the United States and Iran could push an already red-hot supertanker market even higher with rates soaring to the highest level since 2019, analysts say. The daily rate for hiring a supertanker on the key Middle East-to-China route has surged threefold since the beginning of the year, to over $150,000. That’s

Venezuela’s oil exports bounce to 800,000 bpd in January under US control -shipping data

February 2, 2026

(BOE Report) – Venezuela’s oil exports bounced to some 800,000 barrels per day (bpd) in January under U.S. control, from 498,000 bpd in December, following the capture of President Nicolas Maduro and the end of an oil blockade on the country, which has allowed traders to carry most exports, shipping data showed. Washington in December imposed an oil embargo on

US, Europe fall behind in the race to control the Arctic: Vladimirov and Petrova

January 29, 2026

(BOE Report) – The Arctic is no longer a frozen periphery, especially not after the U.S. spat with Europe over Greenland. As sea ice melts, the High North is emerging as a strategic hub for energy, shipping and critical minerals. It is warming nearly four times faster than the rest of the planet, but what’s also heating up is the

Venezuela’s oil exports surpass 900,000 bpd despite US pressure, data shows

December 3, 2025

(BOE Report) – Venezuela’s oil exports rose slightly to some 921,000 barrels per day (bpd) in November, the third-highest monthly average so far this year, as the country used more diluents to produce exportable grades, according to shipping data and documents. The OPEC producer is under increasing political pressure from the U.S., which has struck a score of alleged drug-smuggling

Middle East oil flows continue through Strait of Hormuz despite conflict

June 20, 2025

(World Oil) – A week since Israel and Iran started to exchange missile barrages, oil tanker transits through the critical Strait of Hormuz have remained largely steady. A seven-day rolling average for oil tankers above 10,000 deadweight tons that sailed through the Strait — the passageway for the Persian Gulf’s energy supplies to the world — was approximately 42-to-45, according

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