Red Sea Crisis Escalates: Insurers Restrict Coverage, Physical Oil Prices Jump
Ship insurers restrict war-risk coverage for Saudi cargoes in the Red Sea amid Houthi threats, driving up costs and physical crude prices towards $110/b.
Market-moving news and intelligence across global energy markets.
Ship insurers restrict war-risk coverage for Saudi cargoes in the Red Sea amid Houthi threats, driving up costs and physical crude prices towards $110/b.
Oil prices surge over 4% to six-week highs as escalating US-Iran hostilities and Houthi threats disrupt key Middle East transit routes, impacting global su
Global oil refining faces unprecedented stress from Middle East and Russia conflicts, driving record margins and low fuel inventories despite retreating cr
Global oil markets face renewed volatility as Brent crude surpasses $90/barrel, driven by escalating US-Iran conflict and Strait of Hormuz disruptions.
Global oil demand growth decelerated in Q2 2024, influenced by China's contraction and economic headwinds, while supply forecasts show mixed trends.
Global oil benchmarks Brent and WTI climb significantly as escalating US-Iran conflict disrupts Middle East supply routes, pushing prices to multi-week hig
Global crude oil benchmarks Brent and WTI surge by nearly 12% as escalating US-Iran hostilities threaten Strait of Hormuz and Red Sea shipping, raising sup
Geopolitical tensions escalate as Iran closes the Strait of Hormuz, triggering sharp increases in global oil, gasoil, and naphtha prices.
Global oil prices hit a four-week high as the US reimposed a naval blockade on Iran and attacks escalated in the Strait of Hormuz, fueling supply disruptio
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