Oil prices could surge to as much as $120 per barrel if attacks on shipping in the Middle East intensify, according to Goldman Sachs. “Events over the last few days do suggest that the risk of shipping disruptions broadening and intensifying is an important one,” Daan Struyven, c…

Supply of fuel oil for the shipping industry is getting squeezed by the war-driven tightness in diesel fuel, as refiners prioritize the latter over the former, Reuters has reported, with Asia set to suffer the most severe blow. The shortage is seen at 218,000 barrels daily in the…

Oil prices edged higher in early Asian trade on Monday following another weekend of escalation in the U.S.-Iran war.  At the time of writing, WTI was trading at $92.14 per barrel, up 0.72% on the session, while Brent had risen 0.63% to trade at $96.89. On Saturday, U.S. Central C…

Russia’s Northern Sea Route (NSR) is about to become a game-changer for Eurasian energy trade, and Europe’s January 2027 ban on Russian LNG is pushing Moscow to bring it to life sooner than planned. LNG will remain its foundation, while crude traffic and Rosneft’s vast Vostok Oil…

The biggest oil companies in the United States are playing hardball in unionized labor negotiations in a bid to get more concessions from workers’ unions in the new contracts. Over the past few years, some of the top U.S. refining companies have resorted to lockouts to ensure mos…