USD 50 billion loss in 50 days: Iran war upends oil and gas flow
Gulf countries lost about eight million barrels per day of crude production in March, nearly equivalent to the combined production of Exxon Mobil and Chevron...
Tag : Strait of Hormuz
Africa faces food security strain as Iran conflict rattles trade
Food prices are being felt mainly by vulnerable African households, given the fact that most countries are still growing at rates below pre-COVID levels...
Renewable shift is being driven by affordability, efficiency and resilience: Rana Adib
REN21 Executive Director Rana Adib shared her insights on the prospect of Asia going aggressive on renewable adaptation to secure its energy and economic outlook...
IF Insights: War in Middle East likely to accelerate Asia’s renewable energy revolution
The ongoing Middle East conflict and the resultant energy shock will force Asia to relook at renewables, to future-proof its economic outlook...
Morgan Stanley terms US as ‘defensive’ market
According to Morgan Stanley strategists, uncertainty around the magnitude and duration of oil supply disruption means outcomes for risk assets have become increasingly asymmetrical...
Strait of Hormuz disruption: Saudi ports add new shipping services
The services will mitigate the impact of disruptions affecting vital maritime corridors, including the all-crucial Strait of Hormuz, while enhancing Red Sea connectivity...
IF Insights: Choking of Strait of Hormuz tests limits of war risk insurance
The concept of war risk insurance has been under the spotlight since 2022, but is gaining traction as the world is dealing with the Ukraine war and the Middle East conflict...
Middle East conflict: Trump administration official teases US’ next move for oil market
According to Scott Bessent, the addition of sanctioned Iranian oil into global supplies would help keep oil prices down for the next 10 to 14 days...
Oil price stares at massive gain amid Middle East crisis
Qatar Energy Minister Saad al-Kaabi stated that if the ongoing conflict forces Gulf energy producers to shut down exports within weeks, it could drive oil to USD 150 a barrel...
Gulf cargo bookings suspended as insurance premiums rise
Operations to Jordan and Lebanon will remain unaffected, and there are two Maersk vessels in the Gulf currently...