The United States sharply increased its oil exports and actually became the world’s number one supplier. The restrictions in the Strait of Hormuz also reduced Saudi Arabia’s exports and changed the balance of the global market.

The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be in effect tomorrow, May 6.

Global exports of liquefied natural gas (LNG) fell in April to their lowest level in almost two years. This was the result of the de facto closure of the Strait of Hormuz due to the war in the Middle East. Nevertheless, the lost Qatari volumes are quickly being replaced by other producers: for example, from the US and Canada.

OPEC+ members raised their combined oil production targets for June by 188,000 bpd after the UAE left the group. Seven key countries – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman – agreed to increase the volumes.

The war against Iran has fueled British interest in heat pumps. They reduce the dependence of Europeans on volatile gas prices, although they have become embroiled in political and cultural disputes over carbon neutrality (net zero).

The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect from May 1-4.

Apparently, the National Energy Regulatory Agency (ANRE) was able to adjust the fluctuations on the world exchanges with the prices of oil products in Moldova so that the daily changes would be minimal.

The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be in effect tomorrow, April 28.

The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be in effect tomorrow, April 23.

Fears of a “return of coal” caused by the crisis over the war in Iran are not borne out by data from the Center for Research on Energy and Clean Air (CREA).

The world economy missed 500 million barrels of oil due to supply disruptions from the Middle East. Losses from lost trade are estimated at about $50 billion.

The National Energy Regulatory Agency (NERA) has set new maximum fuel prices that will be in effect from April 18-21.

The head of the International Energy Agency warned Thursday that Europe has only six weeks of jet fuel reserves because of ongoing problems in the aviation industry caused by the crisis in the Middle East.

The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be effective April 16.

Japan plans to buy Kazakhstan’s oil to partially replace supplies from the Middle East.

The National Energy Regulatory Agency (ANRE) has set new maximum fuel prices that will be effective April15.

U.S. President Donald Trump warned that any Iranian vessels that violated a U.S. naval blockade imposed on Monday would be “immediately destroyed”, escalating tensions amid a fragile truce after Pakistan-brokered talks failed to produce a peace deal on the Iranian conflict.

The dollar has surged, oil is back above the $100 mark, and U.S. stock futures have fallen. Trump warns that oil and gasoline prices could remain high until after the midterm elections. The blockade of Iranian ports risks spreading the war to the high seas.

Talks between the United States and Iran, which began in Pakistan on April 11, lasted more than 20 hours but broke down with no apparent results.

The summer season is under threat: airports in Europe risk systemic fuel shortages if the Strait of Hormuz is not fully opened within three weeks.
