Physical Oil Market Does Not Run on Political Timelines
Rystad Energy Chief Oil Analyst Paola Rodriguez-Masiu warned that the physical market 'does not run on political timelines'.
Rystad Energy Chief Oil Analyst Paola Rodriguez-Masiu warned that the physical market 'does not run on political timelines'.
Oil and gas prices plunged as traders weighed a potential US-Iran peace agreement.
Shipping companies are taking a cautious approach to sending vessels through the Strait of Hormuz.
'Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time', U.S. President Donald Trump said.
European Central Bank President Christine Lagarde said soaring energy costs due to the Iran war should act as a wake-up call for Europe.
Crude markets entered relief mode as tensions failed to escalate further.
The U.S. played down the prospect of a return to active war with Iran.
The United Arab Emirates was in a unique position in OPEC+, according to James Davis, who leads FGE's Short-Term service and crude oil production forecasting.
GlobalData has identified the 'top' themes that will impact the oil and gas industry this year in a new strategic intelligence report.
Traffic through the Strait of Hormuz remained largely frozen amid increasing tensions.