US -Iran war | Egypt Oil & Gas

EIA Raises Oil Price Forecasts as Iran War Tightens Global Markets

The US Energy Information Administration (EIA) raised its 2026 and 2027 oil price forecasts, citing rapidly declining global inventories, tight diesel markets, and continued disruptions to Middle East oil flows amid t...

Gulf Naphtha Flows to Asia Rise as UAE, Kuwait Use STS transfers

The UAE and Kuwait have sharply increased naphtha exports to Asia through ship-to-ship (STS) transfers outside the Strait of Hormuz, helping regional petrochemical producers restore operations, traders and analysts to...

Asian LNG Demand to Fall for Second Year Amid Gulf Supply Disruptions

Asian liquified natural gas (LNG) demand is estimated to fall by 3% to 10% from 2025 levels, with Northeast Asia accounting for most of the decline, before recovering in 2027, according to analysts reported by Reuters...

US Sanctions Wellbred Capital Over Links to Iranian Oil Network

The US has imposed sanctions on Singapore-based Wellbred Capital and affiliated trading companies in the UAE and Switzerland, citing their links to Iran as Washington intensifies efforts to disrupt Tehran’s global fin...

Oil Market Risks Breaking $100, Eni CEO Warns

Claudio Descalzi, CEO of Italy’s state‑controlled energy group Eni, warned that if the Middle East conflict drags on, the global oil market will break out of its current $80–$100 band by early 2027, fueling inflation ...

QatarEnergy Cuts LNG Deliveries to Bangladesh

QatarEnergy has reduced its scheduled liquefied natural gas (LNG) deliveries to Bangladesh by half this year as disruptions linked to the ongoing US -Israeli war on Iran continue to affect shipments through the Strait...

Saudi Crude Exports to China Expected to Hit Record Low in June

Saudi Arabia’s crude oil exports to China are set to decline further in June, as Chinese refiners reduce demand in response to higher prices linked to US –Iran tensions, industry sources said to Reuters. Saudi Aramco ...

Qatari LNG Cargoes Move Toward Strait of Hormuz After Reopening

Five liquefied natural gas (LNG) tankers loaded at Qatar’s Ras Laffan terminal are heading toward the Strait of Hormuz, marking a potential resumption of shipments through the key waterway following its reopening on A...

Gulf Oil Exports Plunge Over 60% as Hormuz Disruptions Force Output Cuts

Daily oil exports from the Middle Eastern Gulf have fallen sharply amid ongoing disruptions linked to the US -Iran war, with flows dropping by more than 60% in the week ending March 15 compared to February levels, acc...

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