Tag: oil
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Oil rises on concerns over Strait of Hormuz reopening plans
PERTH, Aug 7 : Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules. Brent crude futures rose 99 cents, or 1.2 per cent, t
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How Ukraine is taking the war ‘deeper’ into Russia
Ukrainian strikes have targeted key economic and military supply chains in recent weeks.
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Ukraine says two Russian oil refineries hit, as Moscow targets energy sites
Ukraine’s president says the overnight strikes aim to limit revenues Russia “uses to finance” its war.
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Oil prices steady as investors cautious over Iran-Oman talks
Aug 6 : Oil prices held steady on Thursday amid market caution over whether talks between Iran and Oman will restore flows through the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.Brent crude futures gained 9 cents, or 0.11 per cent, to…
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Oil gains as investors cautious over Iran-Oman talk progress
Aug 6 : Oil prices rose on Thursday as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions.Brent crude futures gained 48 cents, or 0.60 per
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Ukraine hits two Russian oil refineries in ‘long-range’ attacks, says Zelensky
In Yaroslavl, about 150 miles north-east of Moscow, huge clouds of black smoke could be seen over the Slavneft-Yanos refinery after a Ukrainian drone attack.
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Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal
TOKYO, Aug 6 : Oil prices slipped on Thursday as investors assessed whether progress in Iran-Oman talks could pave the way for a U.S.-Iran peace deal to end the five-month war and reopen the Strait of Hormuz. Brent crude futures fell 37 cents, or 0.5 per cent, to $79.08 a barrel by 0024 GMT. U.S.…
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Tech back in fashion as Asian markets extend rebound
Crude oil tumbled further on Wednesday (Aug 5) after the Trump administration touted an imminent deal to reopen the Strait of Hormuz.
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Asia shares climb as tech mood swings, oil retreats
SYDNEY: Asian stock markets jumped on Wednesday (Aug 5) as robust earnings and renewed appetite for tech propelled Wall Street to record highs, while hopes for progress on opening the Strait of Hormuz pushed down on oil prices and bond yields.Japan’s Nikkei climbed 3.0 per cent and South Korea added 4.1 per c
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Oil steadies after two-day slump as investors eye Hormuz traffic
PERTH, Aug 5 : Oil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic through the blockaded Strait of Hormuz were making progress.Brent crude futures rose 26 cents, or about 0.33 per cent, to $79.62 a
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