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Crude oil surges above $119 amid Iran conflict, Gulf energy attacks raise supply fears
Crude prices surged past $119 a barrel as attacks on Gulf energy assets, including Qatar's LNG plants and Saudi Arabia's Yanbu refinery, intensified fears of prolonged market disruptions. Indian policymakers are preparing for a sustained supply crunch and higher energy prices, with refiners worried about absorbing rising costs amid government reluctance to approve retail fuel price hikes.
Oil Ends Choppy Day With Gains as Futures Ease From Day’s Highs
The benchmark price of oil ultimately ended the day higher as escalating attacks in the Persian Gulf caused long-term damage to major energy facilities. Natural gas jumped.
Europe, Japan ready to help stabilise energy prices and secure Strait of Hormuz
European nations and Japan pledged to stabilize energy markets and support efforts to secure the Gulf's oil chokepoint following escalating strikes on energy infrastructure. President Trump stated no additional US troops are planned for the Middle East, despite tensions with Japan over prior notification of strikes.
Strait of Hormuz tensions escalate as Iran targets regional energy infrastructure
In a dramatic turn of events, Iran has intensified its offensive against oil and gas installations across the Gulf, a direct response following an Israeli airstrike near the vital Strait of Hormuz. This escalating conflict places nearby shipping interests in jeopardy, with reported damage to vessels off both the UAE and Qatar.
Market Trading Guide: Buy ACME Solar and Ather Energy on Friday for gains up to 14%
Nifty tumbled amid surging crude oil prices and the Fed’s cautious rate outlook, with technical indicators signaling bearish momentum. Analysts warn of further downside below 23,000, while select stocks like ACME Solar and Ather Energy show bullish breakout potential.
Iran attack wipes out 17% of Qatar LNG capacity; ‘never in my wildest dreams,’ says QatarEnergy CEO
The recent escalation of hostilities has struck a devastating blow to Qatar's energy infrastructure, severely impacting crucial facilities that underpin a large portion of the country’s liquefied natural gas exports. Experts warn that recovery could take years, potentially shaking the foundations of global LNG supplies.
Oil jumps above $119 a barrel on Middle East energy attacks
Iran launched missile attacks on energy facilities in Qatar, Saudi Arabia, and Kuwait following an Israeli strike on its gas field, escalating regional tensions. Brent crude prices surged past $119 a barrel, nearing multi-year highs. European gas prices also soared. The U.S. is considering lifting sanctions on Iranian oil.
Coal paying important role in India's energy security amid Israel-Iran war
India's energy security relies on coal amid global fuel uncertainties. Domestic production meets rising demand, with significant stockpiles at mine-heads and power plants. Coal India Limited is conducting e-auctions to ensure availability. Supplies to small and medium consumers are facilitated. The government assures demand will be met, supporting industrial continuity and economic growth.
Gas supply shock may outlast war, bigger worry than oil prices: ICICI Securities
Energy Analyst Probal Sen said damage to key LNG infrastructure may delay supply recovery for weeks, even if tensions ease, with prolonged disruption weighing on the earnings of energy companies, especially those reliant on industrial gas demand. Domestic supply, however, may remain relatively stable in the near term.
HPCL shares near 52-week low, other OMCs fall as crude oil spike continues
Oil prices staged a sharp rebound on Wednesday after some softness earlier in the day after both Israel and Iran launched attacks on energy infrastructure, impacting the world's biggest gas production facilities in Qatar and Iran. Rising oil prices are negative for oil marketing companies.
Asian stocks stumble as energy shocks intensifty amid escalation in Iran war
Asian stocks fell on Thursday as oil prices surged due to Middle East conflict. Japan's Nikkei 225 dropped 2.4%, and broader Asian markets fell over 1.3%. Brent crude rose above $111 per barrel.
Asian Stocks Decline As Oil's Surge Saps Sentiment: Markets Wrap
Asian equities dropped in early trading Thursday afterattacks onkey energy infrastructure amid an escalating Middle East war drove oil prices higher.