Global energy markets face one of their gravest shocks in decades as joint US and Israeli strikes on Iran and Tehran’s retaliatory missile attacks across the Gulf disrupt oil exports from the world’s most important producing region. The scale of the disruption will likely be determined by the duration of the conflict, but for now…
Even before the latest developments in Caracas, forecasts from the International Energy Agency, the US Energy Information Administration, and major investment banks were converging on a projected surplus of roughly 1.5 to two million barrels a day in 2026. That outlook follows a steep 20% decline in crude prices in 2025, as OPEC+ began unwinding…
While the capture of Venezuelan President Nicolas Maduro following US airstrikes marks a seismic geopolitical development, early reports suggest that the global oil market will largely take the move in its stride. Venezuela’s oil infrastructure wasn’t affected after a series of US attacks in Caracas and other states, according to people with knowledge of the…
