Oil Market News, OPEC+, sanctions and price shocks

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

gcaptain.com

U.S. Oil Closes Above $100 for First Time Since 2022 on Iran War

US oil prices ended Monday’s session above $100 a barrel for the first time since the US and Israel launched a war against Iran as President Donald Trump threatens further escalation of attacks, including on critical energy infrastructure.
gcaptain.com gcaptain.com

gcaptain.com

Drone Strike Hits Laden Supertanker Off Dubai as Gulf Shipping Incidents Flare Again

A Kuwaiti supertanker carrying more than 2 million barrels of crude was struck by a drone in waters off Dubai late Monday, triggering a fire that was later brought under control without injuries or pollution, according to authorities and maritime security reports.
gcaptain.com gcaptain.com
 
gcaptain.com

Tanker Hit Off Qatar in Renewed Wave of Gulf Attacks After 9-Day Lull

A fuel oil tanker chartered by QatarEnergy has been struck by a missile in waters off Qatar, marking a sharp escalation in maritime attacks and pushing the threat envelope closer to one of the world’s most critical LNG export hubs.
gcaptain.com gcaptain.com

gcaptain.com

Asia LNG Imports Drop Most Since 2022 as Iran War Upends Supply

Asian liquefied natural gas imports fell the most in more than three years last month as the conflict in the Middle East choked supply and sent prices higher.
gcaptain.com gcaptain.com
 
  • Trump said the U.S. will “hit” Iran “extremely hard” over the next two or three weeks.
  • Trump added that the war won’t last long and that discussions with Tehran are ongoing.
  • Oil tanker traffic through the Strait of Hormuz is unlikely to resume anytime soon: analysts.
www.cnbc.com

Oil gains with Brent surging more than 6% as Trump's Iran war speech stokes fears of further escalation

Oil rose in volatile trading as Trump in his address to the nation on Iran war said that he expected the conflict to last another two to three weeks.
www.cnbc.com www.cnbc.com
 
  • With the Iran war now in its fifth week, Amazon is adding a 3.5% fuel and logistics surcharge for third-party sellers in the U.S. and Canada.
  • The surcharge takes effect April 17, according to a notice to sellers.
  • “Elevated costs in fuel and logistics have increased the cost of operating across the industry,” Amazon wrote in the notice.
www.cnbc.com

Amazon to add 3.5% fuel and logistics surcharge for sellers as Iran war drives up energy prices

With the Iran war now in its fifth week, Amazon said it's adding a 3.5% fuel and logistics surcharge for third-party sellers in the U.S. and Canada.
www.cnbc.com www.cnbc.com
 
You must log in or register to reply here.
Back
Top Bottom