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oil

Academia 5 months ago

Iran war deals harder blow to natural gas than oil

Key gas infrastructure, liquefaction plants in particular, are more complex and expensive to build and repair than the oil equivalent.

Markets 5 months ago

Fuel-thirsty Asian countries line up for Russian oil

Indonesia, Vietnam, Thailand, the Philippines and Sri Lanka are lining up ‌to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply.

Americas 5 months ago

Cuba suffers its second nationwide blackout in week

Cuba plunged into darkness for the second time in less than a week on Saturday after its national power network failed again, strained by aging infrastructure and a US oil blockade.

Middle East and Africa 5 months ago

Trump threatens Iran with power plant strikes over Hormuz oil blockade

US President Donald Trump on Saturday threatened to "obliterate" Iran's power plants if Tehran does not fully reopen the Strait of Hormuz within 48 hours, a dramatic escalation barely a day after he talked about "winding down" the war.

Markets 5 months ago

US allows 30-day sale of Iran oil at sea in bid to tame prices

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, United States Treasury Secretary Scott Bessent posted on X.

Economy 5 months ago

US mulls lifting sanctions on Iranian oil at sea despite war on Tehran

US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.

Middle East and Africa 5 months ago

Italy, Germany and France offer help with Hormuz only after ceasefire

Six major international powers said Thursday they were ready "to contribute to" ensuring safe passage through the Strait of Hormuz, though three stressed that any initiative would take place post-ceasefire.

Regulations 5 months ago

PREMIUM
Indonesia mulls WFH as fuel-saving measure amid Middle East conflict

As a result of the war between Iran and the US and Israel, global crude oil prices have increased to above US$100 per barrel, far exceeding the $70 per barrel assumption in the 2026 state budget, which may result in higher energy subsidies.

Regulations 5 months ago

PREMIUM
Govt mulls lifting deficit cap amid high oil price

The government says this year’s fiscal deficit may temporarily exceed the legal limit for the sake of maintaining economic growth should oil prices remain elevated for a prolonged period as the US-Israeli war on Iran rages on.

Academia 5 months ago

Oil shocks and crashes: Where are we headed with the 2026 crisis?

Past oil shocks reshaped energy policy and fuel use. With electric transport and renewable power expanding rapidly, the latest disruption may reinforce trends already reducing the world’s reliance on oil.

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