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Oil and global trade are confronting a modern-day Scylla and Charybdis.
Turkeyʼs multifaceted approach to diversifying its gas supplies away from Russia, including by buying from the US and Azerbaijan, may finally be paying off. The post Turning to Azerbaijani gas and US LNG, Turkey seeks to break its reliance on Russian energy appeared first on Atlantic Council.
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War, weather and outages may still send gas prices soaring
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Millions of barrels of Saudi Arabian crude are still being shipped from the nation’s Red Sea coast to the global market, despite threats and attacks by Yemen’s Houthi militants against the kingdom’s shipping that have the potential to further destabilize the global oil trade.
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Oil retreats from above $100, but set for weekly rise on Middle East escalation Reuters
Even as US stock futures point to tentative gains on Wall Street, AI spending plans and Middle East tensions give plenty to worry about
Attacks on ships by the Yemeni rebels have slowed but not stopped Red Sea oil shipments