Energy Markets
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Economy
Oil Prices Rise as Trump Rejects Iran’s Hormuz Proposal
DID Press: Oil prices rose in Asian trading on Monday, Sept. 28, after U.S. President Donald Trump rejected an Iranian proposal to end the conflict and reopen the Strait of Hormuz. Reuters reported that Brent crude futures rose more than…
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Economy
Brent Crude Climbs Above $95 as US-Iran Tensions Escalate
DID Press: Brent crude oil prices surged on Wednesday as renewed military tensions between the United States and Iran heightened concerns over potential supply disruptions in the Middle East and shipping through the Strait of Hormuz. Reuters reported that Brent…
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Government
US Strategic Oil Reserve Falls to Lowest Level in More Than 40 Years
DID Press: United States’ Strategic Petroleum Reserve (SPR) fell by about 6.1 million barrels this week to approximately 298.7 million barrels, dropping below the 300-million-barrel mark for the first time since 1983. The decline comes as Washington continues drawing on…
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Economy
Yemen: Eight Saudi Oil Tankers Targeted, 29 Forced to Turn Back
DID Press: Yemen’s armed forces have announced that they targeted the Saudi oil tanker “Wafa” with ballistic missiles in the northern Red Sea near Yanbu, as part of what they describe as a “blockade for blockade” strategy. The group said…
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Economy
Brent Oil Jumps 6.7% as Middle East Tensions Escalate
DID Press: Brent crude climbed 6.7% to $87.55 per barrel after renewed military tensions involving the United States, Israel, and Iran heightened concerns over potential disruptions to global oil supplies. Market sentiment was driven by fears that the escalating regional…
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Economy
Red Sea Tensions Threaten Saudi Oil Exports via Bab el-Mandeb
DID Press: Yemen’s Ansar Allah (Houthis) says it will continue enforcing a naval blockade against vessels linked to Saudi Arabia, as escalating tensions in the Red Sea raise fresh concerns over disruptions to one of the kingdom’s key oil export…
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Economy
Brent Oil Nears $100 as Middle East Tensions Rattle Energy Markets
DID Press: Brent crude prices have moved closer to $100 per barrel as escalating geopolitical tensions in West Asia and growing disruptions to key maritime shipping routes fuel concerns over global energy supplies and inflationary pressures. Rising security risks in…
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Economy
OPEC Sees Global Oil Demand Rising Through 2050
DID Press: Global oil demand is expected to continue increasing through 2050, despite the expansion of renewable energy, according to OPEC’s 2025 World Oil Outlook, which projects a markedly different trajectory from forecasts by the International Energy Agency (IEA). OPEC…
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Economy
Sanaa Seeks to Halt Saudi Oil Exports Through Naval Blockade
DID Press: Yemen’s Sanaa-based authorities have announced a naval blockade targeting Saudi Arabia, saying the move is intended to halt Saudi oil exports after regional and international mediation efforts failed to revive the stalled peace process. According to a statement…
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Analysis
Red Sea Tensions Threaten Saudi Arabia’s Key Oil Export Route
DID Press: Yemen’s declaration of a naval blockade against Saudi Arabia has placed the Red Sea and the Bab el-Mandeb Strait at the center of a new regional energy crisis, threatening what has become Saudi Arabia’s primary alternative oil export…
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