Energy

The Wall Street Journal reported on Thursday that Aramco was in talks with at least two Ukrainian companies to buy interceptor drones

The International Energy Agency agreed to release a record 400 million barrels of oil to help rein in prices that have spiked due to supply shocks

The International Energy Agency is considering the largest release of emergency oil reserves in its history as markets reel from supply disruptions linked to the war with Iran.

Oil markets are reassessing the geopolitical risk premium after Brent surged to nearly $120 before falling, writes Sasha Foss, Energy Analyst at CSC Commodities, a division of Marex

G7 finance ministers are due to meet to discuss the possible release of oil reserves to calm markets

The Iran crisis has already cut global oil supply by a combined 200 million barrels over the past 10 days, according to analysts’ estimates

When force majeure is declared, companies may temporarily halt deliveries or operations without being considered in breach of contract

Bapco Energies emphasised that domestic fuel supply remains secure, noting that contingency measures have been activated to ensure uninterrupted deliveries to the local market

ADNOC has activated well-established protocols and is working closely with authorities to protect its people, assets and operations

Indian companies have also raised the prices of 19-kg commercial LPG cylinders, mainly used by hotels and restaurants