Middle East

Asia’s diesel exports to Africa are set to hit a four-and-a-half-year high in August as buyers replace falling Middle East supply disrupted by shipping risks.

Shipping through the Strait of Hormuz slowed over the weekend after tanker attacks, with only five commodity vessels crossing on Saturday and none on Sunday.

Oil prices rose in volatile trade on Wednesday after attacks on two ships and stalled US-Iran talks renewed worries about Middle East supply disruptions.

KEY POINTS ExxonMobil is bracing for a noticeable decline in its oil and gas output as escalating tensions in the Middle East continue to disrupt operations across the region. The …

KEY POINTS The International Energy Agency, IEA, has revealed that more than 40 energy assets across nine Middle East countries have been severely or very severely damaged amid the ongoing …

KEY POINTS Nigeria continues to maintain one of the lowest fuel prices globally despite recent increases linked to geopolitical tensions in the Middle East. Data from GlobalPetrolPrices.com shows fuel in …

KEY POINTS Iran’s Revolutionary Guards have warned that no oil will leave the Middle East if the ongoing attacks by the United States and Israel persist, escalating tensions in an …

KEY POINTS The International Monetary Fund, IMF, said Tuesday it is closely monitoring the unfolding turmoil in the Middle East, pointing to disruptions in trade, rising energy prices and growing …

KEY POINTS Fresh attacks across the Middle East have forced the shutdown of key oil and gas facilities in Qatar, Saudi Arabia, Iraq, and Israel, sending shockwaves through global energy …

Oil prices surged on Tuesday, April 2nd, 2024, driven by concerns over potential supply disruptions in Russia and the Middle East. The benchmark Brent crude futures contract reached its highest …