Oil Price – The Abu Dhabi national oil company ADNOC plans to have a new pipeline operational in 2027 that would double its oil export capacity through Fujairah, which sits outside the Strait of Hormuz. ADNOC plans to build a new project, the West-East 1 Pipeline, which is expected to become operational next year and double the UAE’s energy giant’s export
(World Oil) – The Trump administration paused a U.S. military effort to help commercial ships transit the Strait of Hormuz, shelving the plan just hours after senior officials publicly outlined how the operation would work. The proposed mission, known as Project Freedom, was designed to help reopen shipping through the vital waterway, where traffic has remained severely constrained since the
(Oil Price) – Crude oil prices extended losses for a second day today, after President Trump said the United States would pause its plan to escort vessels out of the Strait of Hormuz just a couple of days after it was announced. The news prompted expectations that a peace deal may be in the making, pressuring Brent crude below $107 and West Texas
(World Oil) – The global oil market is moving toward a critical inflection point as a supply disruption approaching 1 billion barrels begins to force demand lower, with traders warning that the prolonged closure of the Strait of Hormuz will soon trigger a broader consumption shock. The scale of the disruption—already more than double the emergency inventories released earlier in
(Oil & Gas 360) By Greg Barnett, MBA – Thailand’s recent decision to explore crude supply options with Oman reflects not a collapse in access to Iranian oil, but a deeper vulnerability to the geopolitical architecture surrounding it. Thailand does not meaningfully import Iranian crude. However, the U.S.–Iran war, combined with Washington’s tightened maritime blockade and secondary sanctions, has exposed how
(Oil Price) – Empty supertankers have left Asia en route to the U.S. via the Cape of Good Hope in one of the biggest queue of vessels ever seen at sea, as Asian buyers rush to load U.S. crude to replace part of the supply lost in the Middle East. “Tankers are forming what looks like a fleet, an unbroken line
(Investing) – Oil prices tumbled below $90 a barrel on Friday after Iran and the U.S. declared the Strait of Hormuz temporarily open, removing constraints on a critical shipping bottleneck that have sparked worries over a widespread inflation spike. Investors were also assessing a media report which said the U.S. was considering a $20 billion cash-for-uranium deal to end the war
(Investing) – SINGAPORE/LONDON – The first full day of a U.S. blockade on vessels calling at Iranian ports made little difference to Strait of Hormuz traffic on Tuesday, with at least eight ships including three Iran-linked tankers, crossing the waterway, shipping data showed. U.S. President Donald Trump announced the blockade on Sunday after weekend peace talks in Islamabad between the U.S.
(By Oil & Gas 360) – A fragile pause in Middle East hostilities is offering global energy markets a moment to breathe, even as underlying risks remain firmly in place. Recent diplomatic movement, reportedly supported by Washington and quietly reinforced by regional actors, has created a short window for de-escalation between Iran and its adversaries. Israel has signaled alignment with a
(Investing) – SINGAPORE/OSLO – Shippers said on Wednesday they needed more clarity on the terms of the U.S.-Iran ceasefire before resuming transit through the Strait of Hormuz, as Iran issued fresh warnings about any vessels attempting to sail through the waterway. The six‑week conflict had brought traffic through the strait – a chokepoint for about 20% of global oil and liquefied natural
(BOE Report) – Saudi Arabia’s crucial East-West oil pipeline, currently its only outlet for crude exports, was hit in an Iranian attack and other facilities in the kingdom were also targeted, an industry source told Reuters on Wednesday. The pipeline was diverting around 7 million barrels per day (bpd) from the kingdom’s oil heartland in the east to the Red
(Investing) – Oil prices will continue to remain volatile despite falling 10-15% after the much-awaited ceasefire deal between the U.S. and Iran on Tuesday, according to Barclays. “Oil prices are down 10-15% this morning following the two-week ceasefire in the Middle East, and we expect the oil equities to be under pressure in the short term,” analysts at Barclays said in
