World
Russia keeps gas prices low for a European country amid supply shortages
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Russia agreed to extend the gas supply contract to Serbia at a low price, according to Serbian President Aleksandar Vucic.
The Hormuz Strait being closed for another month could push oil prices to the $150/barrel mark
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The world is facing the risk of crude oil prices soaring to the threshold of 150 USD/barrel if the maritime route in the Strait of Hormuz is not soon cleared.
Arab countries face the risk of having to fund billions of USD in war expenses for the US military
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The US government is planning to ask Arab countries to share the financial burden for the military campaign targeting Iran.
EU oil and gas has lifebuoys: African super refinery gets involved
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A "new player" from Africa - the super oil refinery Dangote - suddenly emerged as a "cooling down" option for the EU on oil and gas.
Diesel tankers simultaneously change direction, warning of shortages in Europe
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Oil tankers that once transported diesel to Europe have changed direction right at sea, in the context of the Iranian conflict pushing prices up and increasing supply competition.
