Oil prices increased for more than a week in a row as Middle East tensions escalated, the physical oil market signaled scarcity #Oil Price #Crude Oil #Brent #WT...
Kuwaiti Tanker Attacked in Strait of Hormuz, Brent Oil Prices Rise Above $90 Per Barrel
A Kuwaiti-owned oil tanker has come under attack in the Strait of Horm...
Goldman Sachs Forecasts Oil Prices Could Reach $120 per Barrel
Goldman Sachs Forecasts Oil Prices Could Reach $120 per Barrel
May 15, 2023 - Acc...
Global Oil Market Faces Crisis as Middle East Tensions Escalate
The global oil market stands more vulnerable than ever as security buffers that helped mitigat...
Houthi declared a maritime blockade on Saudi Arabia
On Monday, Houthi forces in Yemen, linked to Iran, officially declared an immediate maritime blockade agai...
Technology and Oil Markets: When Geopolitical Tension Becomes "Noise" for Smart Monitoring Systems
Despite escalating tensions between the United States and I...
Escalating Crisis in the Strait of Hormuz: IMO Advises Against Maritime Transit
The Strait of Hormuz has rapidly emerged as one of the world's most perilous m...
Global Oil Market Shifts to Backwardation as Middle East Tensions Resurface
The Brent crude oil futures curve has shifted into backwardation this week, signal...