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StanChart Hikes Oil Price Forecast To $74 Per Barrel Amid Iran Conflict

Oil news - Thu, 03/05/2026 - 04:00
Iran has launched a massive retaliatory campaign following joint U.S. and Israeli airstrikes, sending an unprecedented barrage of more than 500 ballistic missiles and 2,000 drones across targets in Israel and several Gulf states. A drone strike on a command center killed six U.S. service members in Kuwait while several missiles were intercepted near Al Udeid Air Base, the largest U.S. base in the region. Commodity analysts at Standard Chartered have hiked their oil price forecasts, noting that unlike last year’s largely symbolic response,…
Categories: Oil news

Tanker Squeeze Adds Insult to Oil Injury amid Iran War

Oil news - Thu, 03/05/2026 - 03:00
Tanker rates are through the roof, movement through the Strait of Hormuz is severely reduced because of war cover cancellations by insurers, and the combination of these developments has sent oil prices flying. Now, there’s a third factor that would likely aggravate the situation further: there are not enough supertankers. Bloomberg reported the news this week, saying there were between six and a dozen supertankers that were available for booking in the Persian Gulf, if, of course, the potential client was willing to pay the record daily…
Categories: Oil news

Venezuela recibe a 119 connacionales deportados desde Estados Unidos

Apporea noticias - Thu, 03/05/2026 - 02:00
4 de marzo de 2026.-La Gran Misión Vuelta a la Patria realizó el vuelo N° 119 desde Miami, Florida Estados Unidos, en coordinación con el vicepresidente Sectorial de Política, Seguridad Ciudadana y Paz, capitán Diosdado Cabello, este esfuerzo es gracias al Gobierno Bolivariano.
Categories: Venezuelan news

Iran War Upends LNG Market and Jolts Gas Prices

Oil news - Thu, 03/05/2026 - 02:00
Just a month ago, Europe was attracting most LNG spot cargoes as solid demand and fast-depleting gas inventories fetched higher prices than in Asia, where demand was lackluster. A month is a long time in today’s geopolitical order and this week the global gas market was jolted into a massive shock that upended supply and demand trends. Qatar’s halt of LNG production and the de facto closure of the Strait of Hormuz roiled Asian and European gas markets with reminders of the 2022 crisis. While Asia receives the overwhelming majority of…
Categories: Oil news

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