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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.

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Energy Industry News

Jerun gas field commences production to boost Malaysia’s energy capabilities

SapuraOMV Upstream Sdn Bhd, the operator of the Jerun gas field in Malaysia, has successfully commenced gas production,…

byPallavi Madhiraju

July 15, 2024

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