Middle East, Oil and natural gas prices
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Kuwait refinery hit - A drone attack on a refinery owned by Kuwait's national oil company sparked a fire at one of the units, state media
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Drone attacks hit two Kuwait oil refineries as Middle East war escalates, fire erupts (watch)
A drone attack sparked a fire at Kuwait’s Mina Abdullah refinery after another strike hit Mina Al-Ahmadi earlier the same day, raising fresh concerns over energy security in the Gulf amid escalating regional tensions.
The degree to which the IEA acted is being interpreted that the conflict could continue for many weeks, said analysts.
THE Philippines could face inflationary pressures as severe as those experienced during the early months of the Covid-19 pandemic if the war in the Middle East continues, a leading economist warned. Dr.
Oil price climbs after G7 countries decide against immediate release of strategic reserves
Japan denies finalizing a strategic oil reserve release as Brent crude nears $120 amid Strait of Hormuz tensions and global supply concerns.
India gets around 40% of its LNG requirements from Qatar. Reacting to the damage to key energy infrastructure in the Middle East, External Affairs Ministry spokesperson Randhir Jaiswal said, “India had previously called for the avoidance of targeting civilian infrastructure,
SA aims for fuel security amid Middle East tensions, with Minister Mantashe stressing domestic production and reforms to boost the petroleum sector’s economy.