Energy Agency Chief Warns Iran War Created Massive Oil Crisis

Nasrallah Abu Siyam, a 19-year-old Palestinian-American man, was executed by illegal Israeli settlers in the West Bank on Wednesday.  Abu Siyam was among about 30 residents of Mukhmas who were trying to stop armed illegal settlers from stealing their goats.  Israeli settlers shot at least three of the villagers, including Abu Siyam. The US State […] The post US Citizen Executed by Israeli Settlers as Israel Aims to Further Control the West Bank appeared first on LewRockwell.

Oil Spikes To Session High As Iraq Starts Shutting Output At Massive Oil Field Here are the most critical developments unfolding in the US-Iran conflict:  Iraq's crude oil output is being significantly curtailed. An update from Iraq specifies a shutdown of 460,000 bpd at West Qurna 2 and a cut of 700,000 bpd at Rumaila, while warning that more than 3 million bpd could be forced offline in the coming days if tanker access remains limited. Export crude bottlenecks are developing across Iraq. Storage at southern export terminals is nearing critical capacity...

India Explores Alternative Energy Sources After Oil Supply Shock By Tsvetana Paraskova of OilPrice.com India’s Prime Minister Narendra Modi has urged the government to urgently explore an increase in the use of alternative energy sources, including biogas as a substitute for liquefied petroleum gas (LPG), as the Middle East crisis is choking oil and gas supply to the world’s third-largest crude importer. Modi also urged ministers to move faster with implementing reforms to turn India into a developed nation by 2047, the goal for its 100th independence anniversary. India has been grappling with...