LAST INFORMATION 14.32 Intensely droppings move, for the second day, oil prices, with traders hoping that flows from the Middle East can return to pre-war levels, after U.S. President Donald Trump suggested that a peace agreement could be reached to end the war with Iran, while [...]
The oil crisis caused by the war in Iran has permanently changed the fossil fuel industry, prompting countries to move away from them in order to secure their energy supply, said the leading economist and energy expert, Fatih Birol. The Executive Director of the International Energy Agency (IEA) also said that, despite [...]
Even if the Straits of Hormuz reopen, energy market officials and analysts estimate that the industry will no longer be able to rely on them as in the past. For the Straits, there is no return to normality. Countries throughout the region are considering the construction, expansion or restoration of infrastructure that will bypass [...]
The aircraft fuel crisis, caused by the closure of the Strait of Ormuz, forces major European airlines to cut flights and freeze aircraft, amid tightness in the offer, notes Politico. International Energy Agency chief Fatih Birol told the AP Thursday that the continent has «aircraft fuel stocks perhaps for [...]
