Tag:

Oil Crisis

EU dismisses reports of jet fuel shortage

Transport Commissioner Apostolos Tzitzikostas stated on Friday that there is no evidence of jet fuel shortages leading to widespread flight cancellations in Europe, just hours before Iran lifted its blockade of the Strait of Hormuz.

17 Apr 2026-20:17
Why Gold Dipped During the Crisis: Market Reset or Trend Reversal?

Gold suffered one of its steepest corrections in recent years just as geopolitical tensions reached a peak, catching off guard investors who typically turn to the metal in times of crisis.

15 Apr 2026-17:37
Libya’s oil tensions spark European fears, reflecting Hormuz crisis

The Strait of Hormuz, just 39 km (24 miles) wide at its narrowest point, sees around 20 million barrels of oil passing through daily—about 25 percent of the world’s maritime oil trade.

06 Apr 2026-22:10
OPEC+ agrees to raise oil output amid Mideast tensions

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, announced on Sunday that they will raise oil production by 206,000 barrels per day in May, according to an official statement.

06 Apr 2026-11:06
World in energy crisis worse than 1970s’ oil shocks combined, IEA head says

The world is facing a worse energy crisis than the twin oil shocks of the 1970s and the fallout of the Ukraine war combined, the head of the International Energy Agency (IEA) has warned.

23 Mar 2026-11:39
World on the brink of the biggest energy crisis in history - OUR ANALYSIS

The global oil market is once again entering a period of sharp turbulence. Geopolitical conflicts, threats to critical energy transport routes, and rising inflation expectations have pushed energy prices upward. At first glance, such developments might seem to benefit oil-exporting countries. After all, higher prices mean higher revenues. Yet the reality of the modern energy economy is far more complex. Extremely high oil prices can be just as problematic for producers as a dramatic collapse in the market.

14 Mar 2026-12:42
Global fuel crisis: Oil prices surge over 40% since the Iran conflict started

Global oil markets have responded dramatically to the increase in military strikes against Iran.

14 Mar 2026-12:30
Oil could hit $150 if Hormuz crisis escalates, analysts warn

10 Mar 2026-18:31
Fire erupts at Cuban oil refinery as crisis worsens

A fire broke out at the Ñico López oil refinery in Havana, Cuba, on Friday, but was quickly brought under control amid the country’s worsening fuel crisis.

14 Feb 2026-09:31
Russia to send oil aid to Cuba amid fuel crisis

Russia is preparing to deliver a batch of oil and refined petroleum products to Cuba as humanitarian assistance, according to a statement from the Russian embassy in Havana.

12 Feb 2026-10:27