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Energygeopolitics

All articles tagged with #energygeopolitics

energygeopolitics1 year ago

"Israel's Strike on Iran Sparks Short-Lived Oil Price Boost and Market Turmoil"

Oil prices initially surged after an attack near Isfahan, Iran, but later retreated as officials downplayed the escalation. Israel reportedly conducted a strike inside Iran, raising concerns of deeper conflict in the oil-rich region. The fear of wider war disrupting oil supply through the Strait of Hormuz has driven oil prices up 15% this year. The market impact weakened as reports suggested the attack was limited in scope, and European stock markets were trading slightly lower. S&P Global Ratings cut Israel's sovereign credit rating due to increased geopolitical risk from its conflicts with Hamas and Iran.

via CNN|
#energygeopolitics#global-markets#iran
energygeopolitics1 year ago

"Market Speculates on Oil Price Surge Following Iran's Attack on Israel"

Oil prices are expected to rise following Iran's attack on Israel, with further gains hinging on potential responses from Israel and the West. Concerns about a wider regional conflict have already supported oil prices, with global benchmark Brent crude reaching its highest level since October. The impact on production has been limited so far, and the duration of the price rally will depend on potential disruptions to the region's oil supply. Additionally, the situation may be influenced by diplomatic responses and the potential impact on Iranian oil exports, with implications for global oil prices and the U.S. gasoline market.

via New York Post |
#energygeopolitics#global-economy#iran
energygeopolitics1 year ago

"Escalating Israel-Iran Tensions Drive Oil Prices Up"

The conflict between Iran and Israel is increasing geopolitical risks in the already tight oil market, prompting oil traders to reassess the risk premium. Iran's direct attack on Israel signifies a significant escalation in hostilities, with both nations now engaged in direct conflict. Iran claims the attack was in retaliation for the bombing of its embassy in Syria, while Israel has reserved the right to respond.

via Bloomberg|
#energygeopolitics#geopolitical-risk#iran
energygeopolitics1 year ago

"Geopolitical Tensions Propel U.S. Crude Oil Prices Above $87 Amid Inflation Concerns"

U.S. crude oil prices surged above $87 a barrel amid reports of Israel preparing for a potential direct attack by Iran this weekend, leading to the highest Middle East tensions since last October. The West Texas Intermediate contract for May delivery rose to $87.34, while June Brent futures reached $91.86. Concerns over a possible Iranian strike on Israel have led to heightened geopolitical tensions, with potential for further escalation and impact on oil prices, with analysts warning of a spike to $100 or even $120-130 per barrel if the situation worsens.

via CNBC|
#crudeoil#energygeopolitics#geopolitics
energygeopolitics1 year ago

"Oil Prices Drop as Israel Eases Gaza Presence and Middle East Tensions Ease"

Oil prices fell after Israel reduced its troop presence in Gaza, with U.S. crude and Brent contracts dropping. Tensions between Israel and Iran raised fears of a regional conflict disrupting crude supplies, while Iran warned Israel of potential embassy targeting. Ukraine's drone attacks on Russian oil refineries also contributed to the rise in crude prices, amid tightening global supplies due to economic growth and OPEC+ production cuts.

via CNBC|
#energygeopolitics#gaza#iran
energygeopolitics1 year ago

"Analyst: Ukraine Drone Attacks Impact Russia's Oil Exports"

Ukrainian drone attacks on Russian energy facilities have disrupted about 600,000 barrels of Russia's daily oil-refining capacity, leading to an increase in crude oil prices and a reduction in exports of about 200,000 barrels. The attacks have added $2-$3 per barrel of risk premium to crude oil prices and halted about 7% of Russia's refining capacity in the first quarter, prompting Russia to increase its oil exports through western ports. The attacks are expected to continue and expand, posing significant challenges to Russia's oil industry.

via Business Insider|
#drone-attacks#energy-facilities#energygeopolitics
energygeopolitics1 year ago

Israel Launches Airstrikes in Lebanon, Oil Prices Surge

Crude oil futures rose as Israel launched strikes in Lebanon in response to rockets fired into northern Israel, leading to increased tensions in the region. The West Texas Intermediate contract for March gained 53 cents to $78.40 a barrel, while the Brent contract for April was trading at $83.31 a barrel, up 54 cents. The ongoing conflict between Israel and Hamas in Gaza has contributed to a 5.5% and 4.6% increase in WTI and Brent prices, respectively, over the past week, with CIA Director William Burns in Cairo to facilitate negotiations for a ceasefire.

via CNBC|
#energygeopolitics#hamas#israel
energygeopolitics2 years ago

"Geopolitical Tensions Propel U.S. Crude Oil Prices to New Highs"

Oil prices surged over 4% to surpass $75 a barrel after the U.S. and Britain conducted military strikes against Houthi-controlled areas in Yemen, escalating tensions in the Red Sea. The targeted strikes were in response to Houthi attacks on vessels, including those from the U.S. and Israel, amid the war in Gaza. The leader of the Houthi group vowed to respond to any American aggression, prompting U.S. President Joe Biden to emphasize the commitment to protect personnel and international commerce in the region.

via CNBC|
#energygeopolitics#houthi#military-strikes
energygeopolitics2 years ago

Houthi Attacks Disrupt Red Sea Shipping

BP has suspended all shipments through the Red Sea due to attacks by Yemen's Houthi militants, who are targeting cargo vessels in response to Israel's war on Hamas. This move has pushed up oil prices and unsettled energy markets. Other shipping companies have also taken precautionary measures, avoiding the Suez Canal as militants continue to target vessels. Concerns are rising about potential disruptions to global supply chains as world leaders consider options for protecting shipping routes.

via The Washington Post|
#bp#energygeopolitics#houthi-militants
energygeopolitics2 years ago

OPEC+ Faces Quota Unease and Geopolitical Risks in Shaky Oil Market

The OPEC+ meeting, postponed to a virtual format, is overshadowed by internal disagreements and geopolitical risks. Angola and Nigeria have objected to lower baselines for next year, which could pose risks if their output recovers. Compromise has yet to be reached, and the meetings coincide with the UN Climate Change Conference hosted by the UAE. OPEC+ is also grappling with a perceived disconnect between prices and supply-demand fundamentals, as well as political developments in the Middle East. The coalition may need to make a policy announcement to support the market, but further cuts could strain relations with the US. Geopolitical tensions, including the conflict between Israel and Hamas, add to the uncertainty.

via CNBC|
#angola#energygeopolitics#middle-east-conflict
energygeopolitics2 years ago

"Israel's Gaza ground offensive triggers oil market volatility"

Oil prices fell as markets remained steady following Israel's launch of a ground offensive in Gaza. Investors found relief in Israel's cautious approach, but anticipate a long and drawn-out conflict. West Texas Intermediate crude dropped 1% to $84.61 a barrel, while Brent crude fell 1.1% to $89.48 a barrel. The fear of a wider conflict disrupting global crude supplies remains, particularly if Iran becomes more directly involved. U.S. stock-index futures ticked higher, but concerns persist over the potential impact on oil markets.

via MarketWatch|
#energygeopolitics#gaza#global-crude-supplies