Gas & LNG
G-7 to Discuss Joint Release of Emergency Oil Reserves
The Group of Seven finance ministers are set to discuss a possible joint release of oil reserves on Monday, according to people familiar with the matter, as the Middle East war chokes flows from the region and sends prices soaring.
Option Frenzy From Oil to Corn Highlights Iran War Market Stress
Traders are piling into options as supply disruptions from the war in Iran send oil and other commodity prices soaring.
Kuwait Cuts Oil and Refining Output as Hormuz Stays Blocked
Kuwait, OPEC’s fifth-biggest producer, reduced oil and refinery production following the slowdown of shipping traffic through the Strait of Hormuz, the latest in a string of output reductions that hit some of the world’s biggest energy producers.
