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Oil And Energy

All articles tagged with #oil and energy

world29 days ago•4 min saved

Saudi Rebuff Halts Trump's Plan for Naval Oil Escort in Gulf

Saudi Arabia refused to allow the U.S. to use its bases or airspace for Project Freedom, prompting Trump to suspend the plan. Riyadh’s veto highlights Gulf caution toward escalating conflict with Iran and comes as the UAE grows frustrated with Riyadh while seeking closer ties with Israel. The halt raises the risk of resuming hostilities near the Strait of Hormuz, jeopardizes a fragile ceasefire, and could trigger Iranian retaliation against shipping and Gulf energy infrastructure, amid shifting regional alignments.

via The Guardian|

#iran #middle-east #oil-and-energy

world3 months ago•33 min saved

Iran’s War as a Wildcard in Russia’s Ukraine Battlefield

The Bulwark weighs how the Iran crisis could shape Russia and Ukraine: Moscow may benefit from higher energy prices and fewer weapons headed to Kyiv if Tehran’s regime weakens, but Tehran’s fall could also undermine Russia’s regional leverage. Iran’s drone and missile exports have declined as Russia shifts to domestic Shahed production, while analysts caution that Iran’s instability could force Moscow to recalibrate its Middle East strategy. The situation could distract Washington from Ukraine or, conversely, backfire on Russia if the conflict drags on, making the outcome highly uncertain.

via The Bulwark|

#geopolitics #iran #oil-and-energy

oil-and-energy3 years ago•3 min saved

Goldman Sachs lowers oil price forecast amidst market fluctuations.

Goldman Sachs has cut its oil price forecast by almost 10% due to concerns over the spread of the Delta variant and its impact on the energy market. The bank now predicts Brent crude will average $75 a barrel in the fourth quarter, down from its previous forecast of $80.

via CNN|

#10percent #cut #energy-market