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Oil in Europe is heading toward $110 after the strike on an Iranian natural gas facility – up 80% since the beginning of the year
The escalation of attacks on Iran’s critical energy infrastructure, such as the South Pars gas field, is triggering a new surge in prices
Reuters: daily oil production from the United Arab Emirates down over 50%
Oil production in the UAE has fallen dramatically following the escalation of the conflict with Iran and the disruption of commercial shipping in the Strait of Hormuz
Over 400 million barrels of oil reserves released to the market by the International Energy Agency
Governments of IEA countries have pledged to make available 271.7 million barrels of oil from government reserves, 116.6 million barrels from industry's mandatory stocks and 23.6 million barrels from other sources
Oil: Brent holds $100 as Iran conflict enters third week
Energy markets remain tense, with oil holding above $100 as the conflict between the US, Israel and Iran escalates and navigation in the Strait of Hormuz remains restricted
Oil: Explosive weekly surge of 35% in US crude and 28% in Brent amid crisis in the Strait of Hormuz
The escalation of the US–Iran war sent oil prices soaring, with WTI recording its biggest weekly rise since 1983 and Brent its largest since 2020
The Iran crisis and how this could affect Greece: Two scenarios for fuel prices and its effect on electricity bills
Gasoline prices could rise by 2–3 cents per liter by Wednesday, while the duration of the crisis will prove critical for natural gas costs and electricity tariffs
Agreement signed between Ankara and Chevron: Joint oil and gas exploration to begin
The agreement between Chevron and the state-owned Turkish Petroleum foresees collaboration in onshore and offshore exploration and production activities – Chevron also announced agreements with Syria and Qatar for Eastern Mediterranean exploration
