oil supply

Saudi Aramco's profits increased by 33% in the second quarter as the Iran war reduced oil supply. Oil supermajors also reported high quarterly profits driven by elevated fossil fuel prices linked to the conflict.

The Iran-aligned Houthis in Yemen are threatening to block a key Red Sea shipping route that facilitates 7% of the world’s oil supply, signaling a potential escalation in the U.S.-Iran conflict. The move mirrors tactics used by Iran to disrupt critical maritime passages.

Alberta and Saskatchewan present a strong case for supplying U.S. oil needs, as the U.S. requires three to four million additional barrels of oil per day over the next decade. Pete Hoekstra highlights Canada as one of the best sources for this increased demand.

The United States is demanding Iran publicly commit to stopping attacks on ships in the Strait of Hormuz and ensuring all lanes remain open without tolls. Iran has refused to relinquish control of the strategic waterway, through which a fifth of the world's oil supply typically flows.

Middle Eastern nations are constructing oil shipping infrastructure to bypass the Strait of Hormuz, a critical chokepoint for global oil supply. Iran's blockade of the waterway has disrupted markets and impacted global oil flow, which previously accounted for about 20 percent of daily consumption.

Takaichi stated that 100% of Japan's oil supply in July avoided the Hormuz route. The article references oil storage tanks in Kawasaki, Japan.

Oil prices remained steady as Israel and Iran halted hostilities that had threatened discussions. President Donald Trump's decision to strike Iran posed risks to a significant portion of the world's oil supply.

Vakhshouri warns that a prolonged war in Iran could tighten oil supply. The analysis highlights potential disruptions to global oil markets due to extended conflict.

A Gulf energy crisis is raising questions about Southeast Asia's renewable energy transition and whether the oil supply shock will hinder or accelerate the region's shift toward green energy. The article examines the complex relationship between immediate energy security concerns and long-term sustainability goals in Southeast Asia.

Goldman Sachs has raised its oil price forecasts due to 'extreme' inventory draws. The article also mentions President Donald Trump's decision to strike Iran, which poses risks to global oil supply.

Goldman Sachs reported that oil supply in the Persian Gulf is 57% lower than pre-war levels, indicating significant disruption to the region's energy production.

Asia's largest oil importers are struggling to find viable alternatives to the Hormuz Strait, a critical shipping route for global oil supplies. This scarcity of alternatives raises concerns about energy security and potential price volatility in the region.

Trump's inner circle urgently convened an emergency Situation Room briefing in response to Iran's actions threatening global oil supply. The situation highlights geopolitical tensions and potential economic impacts due to disrupted oil exports.

Trump's inner circle attended an emergency Situation Room briefing as Iran allegedly disrupted global oil supply. The incident highlights geopolitical tensions over energy security.

US officials claim Iran cannot locate the mines it laid in the Strait of Hormuz, a critical oil chokepoint. This inability to remove explosives has led to a virtual closure of the strait, causing global fuel price spikes and intensifying the world's largest energy crisis.