Friday, November 29, 2024
Note on the news: The strategy of wishful thinking- oil and gas 360

Note on the news: The strategy of wishful thinking

(Oil & Gas 360) – During the Cold War the United States had a clear strategy on which it could hang its foreign policy.  That strategy changed from containment to Reagan’s “We win, they lose” strategy so the policies changed but there was always a strategy.  To prevail in foreign affairs, a strategy is the first requirement to provide guidance

Wild oil price forecasts: Some predict $350 if Strait of Hormuz is blocked- oil and gas 360

Wild oil price forecasts: Some predict $350 if Strait of Hormuz is blocked

(Oil Price) – Talk of a possible disruption to traffic in the world’s most vital oil cargo lane, the Strait of Hormuz, resurfaced as markets and traders are awaiting the next move in the Israel-Iran standoff. An Iranian blockade, or an attempt at such, of the narrow strait between Oman and Iran connecting the Persian Gulf with the Gulf of Oman

Oil prices climb 2% on US storm and Israel-Iran fears- oil and gas 360

Oil prices climb 2% on US storm and Israel-Iran fears

(Yahoo Finance) – NEW YORK – Oil prices climbed about 2% on Thursday on a spike in U.S. fuel use before Hurricane Milton barrelled across Florida, Middle East supply risks and signs that demand for energy could grow in the U.S. and China. Brent futures rose $1.62, or 2.1%, to $78.20 a barrel by 11:26 a.m. EDT (1526 GMT), while U.S.

Brent crude passes $80 on expected Israeli attack on Iran- oil and gas 360

Brent crude passes $80 on expected Israeli attack on Iran

(Oil Price) – Brent crude on Monday was up nearly 3%, breaking past the $80 threshold as markets attempted to cautiously price in a potential supply disruption should Israel attack Iran’s oil and gas facilities. On Monday at 11:43 a.m. ET, Brent crude was trading up 2.86% at $80.28, for a gain of $2.23 on the day, while the U.S. benchmark,

Iran’s oil tankers flee biggest export terminal fearing Israeli attack- oil and gas 360

Iran’s oil tankers flee biggest export terminal fearing Israeli attack

(Oil Price) – Iranian oil tankers have moved away from Kharg Island, Iran’s biggest oil export terminal, amid fears of an imminent Israeli attack on the most important crude export infrastructure in Iran. Satellite images and tanker tracking companies have detected the major exodus of Iranian tankers away from Kharg Island, which handles about 90% of Iran’s all oil exports,