Finance

As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the war in Iran, there was one impact they did not address publicly: the multibillion-dollar windfall they will make because of soaring prices for the energy they […]

Angola is set to raise $2.5 billion through the sale of dollar-denominated bonds, betting that higher oil prices driven by the Iran–Israel conflict will attract strong investor demand. Africa’s third-largest oil producer is offering $1.5 billion in seven-year bonds at […]

Oil prices fell sharply in early asian trade on Wednesday, with both major benchmarks dropping more than 5% as traders reacted to signs of potential de-escalation in the Middle East conflict as well as a crude inventory build in the […]

Europe could experience energy shortages before the end of April, the chief executive of Shell has warned. Jet fuel supply has already tightened, and a diesel squeeze could be next, with gasoline supply tightening as well, as the continent nears […]

QatarEnergy has ‌declared force majeure on some of ⁠its long-term liquefied natural gas (LNG) supply contracts, including ‌for customers ⁠in Italy, Belgium, South Korea ⁠and China. The move on Tuesday comes amid production and supply disruptions caused by the United States-Israeli war […]

Oil prices dropped more than 13 percent on Monday after US President Donald Trump said he will order the military to postpone any strikes ‌against Iranian ‌power ​plants ‌and energy ⁠infrastructure ​for five ⁠days. Trump’s move followed a threat by […]

Brent crude is seen averaging $85 per barrel this year, and West Texas Intermediate could see an average price of $79, Goldman Sachs commodity analysts said in a note released Sunday. They added that the supply loss from the crisis […]

Saudi Arabia is slashing its crude oil exports to Asia in April, for a second month in a row, as the de facto closed Strait of Hormuz is stranding most of the supply from the world’s top crude exporter. Saudi […]

Countries may tap into America’s booming liquefied natural gas exports as Middle Eastern suppliers shutter. But renewables are a safer bet in the long run. The U.S. is the world’s largest exporter of liquefied natural gas — and the war in the […]

Any prolongation of the Iran war risks creating an unprecedented ⁠crisis in ⁠energy supplies that sooner or later will hit every corner ⁠of the global economy. But it is already clear that some countries are either more exposed to that […]