Israel temporarily shut natural gas production at key offshore fields, including Karish, amid escalating conflict with Iran, raising concerns over regional gas exports. SourceContinue Reading

Oil prices surged nearly 9% as traffic through the Strait of Hormuz slowed dramatically amid escalating Middle East conflict, raising supply disruption fears. SourceContinue Reading

BlackRock, EQT To Acquire AES Corp. in $33.4B Deal | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Mar 02, 2026, 9:30 AM CST A consortium led by BlackRock’s Global Infrastructure Partners (GIP) and U.S. gas giant EQT Corp....Continue Reading

JPMorgan Chase has warned that Brent crude oil prices could spike to $120 per barrel if a full-scale conflict in the Middle East leads to a sustained disruption of oil flows through the Strait of Hormuz, estimating that Gulf producers can only sustain normal production for roughly 25 days if the Strait is completely blocked,...Continue Reading

Shipping Costs Surge as Insurers Drop War Risk Protection in Gulf | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 02, 2026, 8:30 AM CST The world’s biggest maritime insurers and insurers’ clubs are ending war risk coverage for vessels transiting the Persian Gulf and...Continue Reading

Global Gas Markets Shocked as Qatar Ceases LNG Production | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Mar 02, 2026, 7:54 AM CST Qatar’s state-owned energy giant QatarEnergy has stopped all...Continue Reading

Drone Strike Halts Saudi Arabia’s Largest Oil Refinery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 02, 2026, 7:30 AM CST Saudi Arabia shut its largest domestic oil refinery on Monday after a drone strike, as a widening cycle of attacks across the Middle...Continue Reading

Pakistan Reroutes Oil Supply as Strait of Hormuz Crisis Escalates | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 02, 2026, 6:30 AM CST Pakistan could seek to be included in Saudi Arabia’s preferred buyers of crude exported from the Red Sea amid the major...Continue Reading

How the Iran Conflict Could Trigger a Wider Economic Shock | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Mar 02, 2026, 5:54 AM CST The Strait...Continue Reading

Fire Disrupts Operations at Ecuador’s Biggest Refinery | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 02, 2026, 5:35 AM CST The largest refinery in Ecuador was forced to suspend operations after a fire erupted in the pumps at one of the units of the...Continue Reading