Israel has ordered the shutdown of its massive Leviathan gas field, cutting off a critical supply line to Egypt just as regional tensions with Iran erupt into open conflict. Chevron, the operator of Leviathan, confirmed the halt on Friday after Israel’s Energy Ministry issued the order, citing escalating security threats. Energean Plc also suspended output...Continue Reading

Eastern Libya Approves Parallel Budget to Boost Haftar’s Leverage | OilPrice.com Premium Content By Editorial Dept – Jun 13, 2025, 9:30 AM CDT Politics, Geopolitics & Conflict Eastern Libya’s parliament has passed a parallel 2025 budget, a calculated move by Haftar’s bloc to assert financial sovereignty and gain leverage over Tripoli as the political stalemate...Continue Reading

U.S.-China Trade Talks Reignite Oil Demand Optimism | OilPrice.com Premium Content By Editorial Dept – Jun 13, 2025, 9:30 AM CDT Even before Israel attacked Iran, oil prices had been advancing this week, lifted by renewed optimism surrounding U.S.-China trade negotiations. Markets welcomed a more constructive tone between the two economic superpowers, with discussions in...Continue Reading

Shippers on Edge Around Strait of Hormuz After Israel-Iran Escalation | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 13, 2025, 9:15 AM CDT Following the Israel-Iran flare-up in the Middle East, the UK and Greece have cautioned their commercial shipping companies to be extra...Continue Reading

Why The Market Reaction to Israel’s Bombing of Iran is an Overreaction | OilPrice.com Premium Content By Editorial Dept – Jun 13, 2025, 9:00 AM CDT It may seem strange to say that Friday’s reaction in crude oil to the escalation in the conflict between Israel and Iran is an overreaction, but if you can...Continue Reading

What Next After Israel’s Surprise Assault on Iran? | OilPrice.com Cyril Widdershoven Dr. Cyril Widdershoven is a long-time observer of the global energy market. Presently he works as Director of Energy Security and Supply Chains, at Strategy… More Info Premium Content By Cyril Widdershoven – Jun 13, 2025, 8:46 AM CDT Israel executed a sweeping...Continue Reading

EU to Require EU Firms to Disclose Details of Russian Gas Contracts | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jun 13, 2025, 8:30 AM CDT As part of the European Union’s efforts to halt imports of Russian natural gas by 2027, the bloc will...Continue Reading

Oil jumped and stocks slid after Israel attacked Iran’s nuclear program facilities and killed senior military commanders in a significant escalation of tensions in the Middle East. Brent crude gained 7.6%, having earlier surged as much as 13% in the biggest intraday jump since March 2022. SourceContinue Reading

Last night, Israel launched large-scale military strikes targeting Iran’s nuclear facilities and military sites, escalating tensions in the Middle East and sending global oil prices soaring. Brent crude has surged by 7%, reaching close to $75 per barrel, while some reports noted intraday spikes as high as 13%, marking the largest single-day jump since March...Continue Reading

China’s LNG Imports Set for Rare Decline in 2025 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Jun 13, 2025, 7:26 AM CDT Updated: Jun 13, 2025, 8:30 AM CDT...Continue Reading