Middle East
Oil market clock is ticking as supply crunch looms
Before the conflict began on February 28, few experts anticipated that Iran would actually shut down the Strait. Almost no one thought the obstruction would stretch into months.
ADNOC signs two strategic collaboration agreements with Indian partners
The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.
Iran, Ukraine wars deliver worst hit in years to oil refining output
Tightened supply has forced refiners, traders and retailers to tap crude and fuel inventories to meet demand.
Vietnam state oil company urges U.S. Navy to allow tanker through blockade
The U.S. military has expanded its shipping blockade on Iran to include cargoes deemed contraband, although it has said other oil exports from the Gulf are free to sail through.
U.S. EIA concedes Middle East supply disruptions are far worse than prior estimates
Iran's blockade of the Strait of Hormuz continues to wipe off millions of barrels of global oil supply every day the conflict drags on.
Jordan commits $1 B to launch first green ammonia export hub in Aqaba
Jordan signs a $1-B agreement to develop its first utility-scale green ammonia facility in Aqaba, marking a major step into the global hydrogen economy and clean energy exports.
Azerbaijan's State Oil Company redirects supplies of jet fuel from STAR refinery to Turkish domestic market
SOCAR Turkiye Enerji (the Turkish subsidiary of the State Oil Company of the Azerbaijani Republic, SOCAR) has been fully directing the jet fuel produced at the STAR refinery to the Turkish domestic market in recent months amid the global energy crisis and tensions around the Strait of Hormuz.
Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz
The volumes are a fraction of the UAE's typical exports before the U.S.-Israeli war on Iran but they demonstrate the risks the producer and buyers are willing to take to free up oil sales.
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- bp's Whiting Refinery offers revised proposal to union in ongoing talks 5/22
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