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Representative image of the United States Strategic Petroleum Reserve and oil infrastructure as the Trump administration authorises a 172 million barrel SPR drawdown while 32 International Energy Agency nations coordinate the largest emergency oil release in history to stabilise global crude markets.

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Representative image showing an oil tanker under attack in the Strait of Hormuz as tensions involving Iran’s Islamic Revolutionary Guard Corps raise fears of a major supply disruption that analysts warn could push global oil prices toward $200 per barrel.

Iran: Get ready for $200 oil. IRGC fires on more ships in the Gulf

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Energy Industry News

DOF bags $70m services contract from Petrobras

DOF, a Norwegian offshore vessels operator, has won contracts worth around $70m from Petrobras for the Skandi Iguazu…

byPallavi Madhiraju

May 31, 2022

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