Oil $116 Oil and a Blockaded Strait: The Global Energy Crisis Nobody Predicted By March 11, 2026, the Strait of Hormuz closure has pushed oil past $116, forced Gulf producers to halt exports, and triggered G7 emergency talks. Here's where the Iran war stands and what comes next for energy markets.
car-free sundays This is how to hit Russia's oil sale with car-free sundays Car-free Sundays in cities, WFH up to three days per week, and adopting cost-effective public transportation are some of the measures to hurt Russia’s oil revenue. These are recommendations presented to the world by the International Energy Agency (IEA), a 10-point action plan intending to reduce oil use. The
maduro Venezuela is willing to sell oil to the US - Minister Venezuela’s Foreign Minister, Felix Plasencia, has stated that Caracas is willing to sell oil to the US again while being “faithful” to Moscow. It also shows that desperation in both the U.S. and the Venezuelan sides could get them to strike a deal. Venezuela depends on its oil
demand Oil prices upward as demand is still on the rise Oil prices rose slightly on Thursday, extending the market’s upward trend. This is based on forecasts that supply will tighten further even after OPEC+ producers stick to their scheduled mild output increases. Global supply constraints and political concerns have pushed up oil prices by approximately 15% so far this
brent crude Oil price up 20 percent in a month February was a good month for oil producers with prices rising by nearly 20 per cent following Saudi Arabia’s cut in output. Brent crude closed slightly off its best level closing at $62 yesterday away from the month high of $67. However, with the Saudi output cut taking effect,
explorations Petronas Offers 13 Blocks in Highly Prolific Basins at the Upcoming Bid Round KUALA LUMPUR, Feb 19 (Bernama) — PETRONAS today announced that it will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021. Also included are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks.
down India to pump cash: Pravind to knock down fuel-flour-oil prices? The visit of the Indian External Affairs Minister Sushma Swaraj to Mauritius was about the internal affairs of the country. That is what a source told WFTV today. “It was more about the upcoming budget and the support India will provide to the budget,” said the source. From New Delhi,
amwayc Tough road ahead With the oil price continuing on its drop, since June 2014, with lowest price of USD 25 in early 2016. it is expected that the global oil price will remain low for several years if Iranian production and OPEC could not come into any decision to cut the oil supply.
