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Middle East oil
News updates related to Middle Eastern oil
The Middle East crisis and the challenge of backup oil pipelines.
The crisis in the Middle East is sparking a wave of new oil pipeline construction projects. The goal is to create a safe escape route, avoiding the choke point of the Strait of Hormuz. Despite understanding the full extent of the situation...
International
IEA warns that disruptions to 12 million barrels of Middle Eastern oil threaten the European economy.
The International Energy Agency (IEA) forecasts that crude oil and LNG shortages will worsen in April 2026, putting inflationary pressure and slowing growth in Europe.
Dubai oil prices hit a record high of $153.25 per barrel, surpassing Brent crude's all-time high.
Middle Eastern oil prices have surged to the highest levels in the world due to the conflict in Iran, forcing Asian refineries to cut production or seek alternative sources of supply.
Dubai oil prices hit a record high of $153.25 per barrel, surpassing Brent crude's all-time high.
Middle Eastern oil prices have surged due to conflict in the Strait of Hormuz, causing exports to Asia to fall by 32% and forcing refineries to seek alternative sources of supply.
US-Iran conflict escalates: Middle Eastern oil shipping costs soar to record highs.
Charter costs for supertankers exceeded $400,000 per day – the highest in history – as the US-Iran conflict in the Strait of Hormuz intensified.
Concerns about a 'burning Middle Eastern oil barrel' are spreading.
Many believe that the US is deploying aircraft carriers to the Middle East to support the Israeli Prime Minister's "gamble" in attacking Iran. Meanwhile, French President Emmanuel Macron said that the US...
Prime Minister Pham Minh Chinh visits three leading economies in the Middle East.
Prime Minister Pham Minh Chinh and his wife, along with a high-level Vietnamese delegation, will pay official visits to the United Arab Emirates (UAE) and the State of Qatar, and attend the Summit...
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