The Middle East war is creating the biggest oil supply shock in history, the International Energy Agency
warned Thursday, as Iran launched a new wave of attacks against Gulf energy targets that sent prices spiking
above $100 a barrel.
Crude oil prices were set to end the week lower than they started it as Israel and Iran stopped bombing each other, alleviating fears of a supply disruption in the Middle East.
State controlled MOL becomes first European company to follow Ukraine’s recommendation to start buying Russian crude on Ukraine’s eastern borders, relieving the country from direct transit deals with Russian suppliers