The Federation of Port and Dock Workers, part of France’s CGT labor union, has called for a 72-hour stoppage of port operations from Thursday, it said Wednesday. It had previously Continue Reading
German energy group Wintershall Dea found no gas in the second wildcat exploration well that it has drilled in one license in Norway’s Norwegian Sea, after it found gas at Continue Reading
Prices gave up most of their early gains as analysts said market tension could ease as long as oil production facilities remain unaffected by attacks. Tweets by U.S. President Donald Continue Reading
Crude oil futures retreated from early morning highs in the mid-afternoon trade in Asia Wednesday but remained supported after Iran launched missiles on two US military bases in Iraq in Continue Reading
Front-month March ICE Brent crude oil futures surged more than $3/b to hit a high of $71.75/b at Wednesday’s Asia open, after Iran launched missiles striking two US military bases Continue Reading
Iran attacked two bases in Iraq that house American troops with a barrage of missiles early Wednesday, Iranian official news media and United States officials said, fulfilling Tehran’s promise to retaliate Continue Reading
The American Petroleum Institute (API) has estimated a large crude oil inventory draw of 5.95 million barrels for the week ending January 3, compared to analyst expectations of a smaller Continue Reading
Tanker operators don’t expect their ships to be targeted in the near term amid the growing tensions between the U.S. and Iran as daily freight and insurance rates hold steady Continue Reading
The US has warned flagged vessels in the Middle East of possible retaliatory attacks from Iran. Tanker freight rates have hit three-month highs for vessels using the 21-mile-wide Strait of Continue Reading
The US Maritime Administration has issued an advisory warning of the possibility of Iranian attacks on US ships in Middle Eastern waters after a US military strike in Baghdad on Continue Reading
