Oil jumps more than 7% to above $102 ahead of US blockade on Iran
World 19:05 13/04/2026LONDON -- Oil prices jumped back above $100 a barrel on Monday as the U.S. Navy prepared to block ships to and from Iran via the Strait of Hormuz, a move that could restrict Iranian oil exports, after Washington and Tehran failed to reach a deal to end the conflict.
Fuel crisis powers surge in EV interest in Asia-Pacific region
World 16:24 01/04/2026Motorists across the Asia-Pacific region are switching to electric vehicles at a rapid pace, as rising fuel costs due to the Middle East conflict force consumers and companies to reconsider their reliance on petrol and diesel vehicles.
Mexico blames oil slick on illegal dumping
World 14:12 27/03/2026An oil slick in the Gulf of Mexico affecting hundreds of kilometers of coastline was caused by "illegal dumping" from a ship and exacerbated by seepage from natural sources, Mexican authorities said Thursday.
IEA discussing further oil stock releases, chief Birol says
World 14:54 23/03/2026PERTH/SYDNEY - The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran conflict, Executive Director Fatih Birol said on Monday.
Vietnam mobilizes 4 million barrels of oil to secure energy supply
Vietnam News 12:23 10/03/2026Vietnam has mobilized some four million barrels of oil from international partners to ensure short-term fuel supply stability as geopolitical tensions in the Middle East continue to raise concerns about global energy markets, Prime Minister Pham Minh Chinh said on Monday.
IEA called for emergency oil stock release at G7 meeting, Japan says
World 12:16 10/03/2026TOKYO - The International Energy Agency (IEA) called for a coordinated release of emergency oil reserves during an online meeting with Group of Seven finance ministers on Monday, Japanese Finance Minister Satsuki Katayama told a briefing.
G7 to discuss joint release of emergency oil reserves, French source says
World 17:30 09/03/2026G7 finance ministers will on Monday discuss the possible release of emergency oil reserves, a French government source said, in response to surging oil prices resulting from the Middle East conflict.
Goldman Sachs warns oil may surge above $100/bbl if Hormuz flows don’t recover
World 14:05 07/03/2026Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its base‑case forecast are rapidly growing further.
Global oil, gas shipping costs surge as Iran vows to close Strait of Hormuz
World 14:46 03/03/2026SINGAPORE - Global oil and gas shipping rates soared, with supertanker costs in the Middle East hitting all-time highs, as the U.S.-Iran conflict intensified after Tehran targeted ships passing through the Strait of Hormuz, according to shipping data and industry sources on Tuesday.
Asian stocks extend record rally while oil, dollar drift
World 12:36 06/01/2026TOKYO -- Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped the Dow Jones Industrial Average (.DJI) hit an all-time peak.
OPEC+ pauses oil output hikes beyond December amid glut fears
World 17:25 03/11/2025OPEC+ on Sunday agreed a small oil output increase for December and a pause in increases in the first quarter of next year as the producers' group moderates plans to regain market share due to rising fears of a supply glut.
OPEC oil output rises further in September, survey finds
World 10:23 03/10/2025OPEC's oil output rose further in September after an OPEC+ agreement to raise production, a Reuters survey found on Thursday, mainly due to higher production by the United Arab Emirates and Saudi Arabia.
