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OPEC+ Adds Barrels It May Not Be Able to Ship Amid Iran War
02 Mar 2026 09:04 GMT
The Organization of the Petroleum Exporting Countries and its partner producers (OPEC+) approved a … than 20 percent of global crude transit, had been severely disrupted … Iran could push oil prices above $100 per barrel.
Some OPEC+ delegates described …
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Oil’s Revived Risk Premium Imperils India As Middle East Conflict Deepens
02 Mar 2026 16:12 GMT
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The reaction in crude has been immediate and … of barrels in ordinary places: at petrol pumps … fertiliser and plastics follow fuel upward. Inflation, once … exports across oceans. When oil grows dear, distance itself becomes expensive. Strategic petroleum …
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Middle East oil shock risks: How much do China, India, Japan depend on Middle Eastern crude, gas?
02 Mar 2026 16:12 GMT
… mean for India’s trade, exports, crude oil & LPG supply?Last month … has sufficient storage capacity for crude and refined petroleum products, including stocks maintained … addition, around 42 million barrels of Iranian crude were being stored aboard …
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Stocks fall, oil prices rise as U.S. war in Iran rattles investors
02 Mar 2026 13:21 GMT
… . Any interruption would likely lift crude prices, driving up gasoline costs … importer to being a net exporter of oil," noted John Higgins … transit of millions of barrels of oil and petroleum products per day, according …
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What to Know About the Ras Tanura Oil Refinery
02 Mar 2026 14:36 GMT
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The refinery, owned … crude oil into finished petroleum products such as gasoline, diesel, jet fuel, kerosene, liquefied petroleum … gas (LPG), and other fuels … barrels per day and serves as a critical export terminal for crude …
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Iran Tensions: What a Gulf Oil Shock Means for Zambia
02 Mar 2026 13:23 GMT
… crude oil, liquefied natural gas and refined … petroleum products. It does not produce crude oil. When global oil … prices rise, the landing cost of fuel … barrels of proven oil reserves, roughly 9% of global crude. Although its exports …
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Oil prices to touch $120? Oil price today surges after Iran strikes Saudi Aramco refinery, Brent jumps above $80 — will inflation and gasoline prices rise next?
02 Mar 2026 14:18 GMT
… refinery immediately triggered fears of crude oil supply disruption, sending global oil … oil shipping chokepoint that handles nearly 20% of global petroleum … barrels per day. Even minor delays in export flows can tighten global crude oil … jet fuel costs and …
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Middle East Escalation Leaves Significant Upside for Oil and Gas Markets
02 Mar 2026 14:21 GMT
… all of Iran’s oil is exported from. This would be … not be isolated to crude oil prices, as refined product cracks could … a coordinated release of oil from strategic petroleum reserves (SPR). There … . However, at roughly 415m barrels, there is room for further …
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Crude Oil Prices Surge Nearly 10% as US-Israel Strikes on Iran Rattle Global Markets; US Futures Sink, European Stocks Slide
02 Mar 2026 13:39 GMT
… oil company stocks such as CNOOC, China Petroleum & Chemical and PetroChina … . West Asia Tensions Push Crude Higher, Could Potentially Put … higher prices for other fuels and gasoline and could … report. Iran exports roughly 1.6 million barrels of oil a day, …
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Iran conflict drives oil surge as Africa faces rising inflation and economic pressure
02 Mar 2026 14:51 GMT
… almost directly into higher petrol prices, rising transport … import refined petroleum products, which means movements in global crude … exports more attractive, potentially influencing how much refined fuel … whether oil prices settle below $90 per barrel or …