Tag: crude
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Oil prices ease as investors weigh supply outlook, Middle East tensions
Oct 15 : Oil prices fell more than 1 per cent on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels.Brent crude futures fell $1.76, or 1.7 per cent, to $104.3 a barrel by 0625…
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Oil prices retreat as investors weigh supply outlook, Middle East tensions
Oct 15 : Oil prices fell more than 1 per cent on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels.Brent crude futures fell $1.64, or 1.6 per cent, to $104.42 a barrel by 0337…
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Oil prices fall as investors weigh supply outlook, Middle East tensions
BEIJING, Oct 15 : Oil prices fell more than $1 in early trade on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels.Brent crude futures fell $1.39, or 1.31 per cent, to $104.67 a
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Japan cabinet backs plan to help oil importers pay for higher transport costs
TOKYO, Oct 13 : Japan’s cabinet approved three bills on Tuesday to strengthen energy supply security, including measures to offset higher costs of importing crude oil through routes that bypass the Strait of Hormuz, Industry Minister Ryosei Akazawa said.The government plans to submit the bills to parliament d
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Americas have glut of heavy oil due to freight squeeze; Asia, Europe scramble for barrels
HOUSTON, Oct 12 : Dense heavy crude, which oil refiners around the world favor for its typically low cost, is piling up in the Americas as soaring freight rates have stifled exports and US refiners have been running close to their limits. The glut in North and South America has opened an unusual split in…
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Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies
NEW DELHI, Oct 12 : Oil prices slipped on Monday on expectations of more Russian supplies after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other’s energy facilities following a US diesel-supply deal with Moscow.Brent crude futures fell 11 cents, or 0.11 per cent, to $
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Oil rises as investors weigh supply threats
LONDON, Oct 7 : Oil prices rose on Wednesday, with Brent futures holding above $100 a barrel, on continued Middle East supply risks and a storm heading for oil-producing regions in the United States. Brent crude futures were up 75 cents, or 0.75 per cent, to $101.33 a barrel at 1200 GMT. US West Texas…
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Oil prices rise as storms and air strikes threaten supply
PERTH, Oct 7 : Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 93 cents, or 0.92 per cent, to $101.51 a barrel
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Oil prices stable as market weighs supply risks, rising Middle East exports
NEW YORK, Oct 6 : Oil prices were steady on Tuesday after recovering earlier losses, as the market weighed increases in Middle Eastern crude exports and a planned Group of Seven release of emergency diesel and crude stockpiles against supply concerns related to attacks by the Iran-backed Houthis in Yemen.Bre
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Middle East oil exports recover to pre-Iran war levels despite Hormuz attacks
Gulf crude exports returned to pre-war levels in September, with producers increasingly relying on alternative routes and ship-to-ship transfers to bypass Hormuz. Iranian exports remain below the pre-war average.
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