Energy & Commodities
US to release 172 million barrels of oil for IEA relief plan
Crude, petrol, diesel and jet fuel prices have climbed dramatically since the US and Israel began their military campaign against Iran on Feb 28
Oil surges above US$100 again as Iraq halts ports, IEA release fails to quell rally
The IEA has recommended the release of 400 million barrels of oil, the largest such move in its history
Gold falls as traders weigh fading rate-cut bets and rising oil
Now entering its 13th day, the US-Israeli war with Iran continues to disrupt oil production and refining across the Middle East
Japan to release 80 million barrels of oil from reserves
Governments are seeking to contain a surge in energy prices driven by the Middle East war
Trump signals US will tap oil reserve to ease price shock
The Strategic Petroleum Reserve currently contains about 415 million barrels
Trump to invoke emergency law for offshore oil producer Sable
California relies heavily on foreign crude, which made up about 61% of the oil used by its refineries last year
Iran tells world to get ready for oil at US$200 a barrel as it fires on merchant ships
The warning comes as three more ships came under attack in the blockaded Gulf
IEA announces record release of strategic stocks in response to Iran war oil price surge
Oil prices rebound as markets doubt IEA’s plan effectiveness
With Trump’s mixed messaging on Iran war end, calm in oil markets may be fleeting
More than three-fourths of the crude oil exports from the Middle East to China, Japan, South Korea and Taiwan pass through the Strait of Hormuz
China’s energy security push pays off as war roils Asia refiners
Beijing has moved swiftly to curb diesel and petrol exports to conserve domestic supply
