Tag: oil
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Asia shares surge on tech mood swing, oil retreats
SYDNEY, Aug 5 : Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.Japan’s Nikkei climbed 3.0 per cent and South Korea added 3.4 per ce
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South Sudan: How climate change can turn toxic
Years of flooding have resulted in disastrous water pollution in South Sudan’s main oil region. As communities, scientists and health workers scramble for solutions, the long-term impacts of the crisis is yet to emerge.
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Oil prices fall on hopes Strait of Hormuz could reopen
US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
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Oil pares gains after Qatar says US-Iran diplomatic efforts continue
Oil prices pared gains on Tuesday (Aug 4) after Qatar said efforts to secure a diplomatic resolution to the United States-Iran conflict were continuing, while disruptions to oil
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Japan’s strategic oil reserves rise by 3 days of consumption in July
TOKYO, Aug 4 : Japan’s strategic crude oil reserves rose by three days to the equivalent of 202 days of consumption in July despite the prolonged Iran war as it secured alternative supply, the Ministry of Economy, Trade and Industry (METI) said on Tuesday.• Stockpiles in June had fallen by the equivalent of
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Oil gains as talks to end US-Iran war remain uncertain
Oil prices rose on Tuesday (Aug 4) as a diplomatic resolution to the US-Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted. Front-month Brent futures rose U
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Oil ticks up after selloff as talks to end US-Iran war remain uncertain
Aug 4 : Oil prices rebounded slightly on Tuesday, after plunging in the previous session, on concerns Middle Eastern supply remains at risk as a diplomatic resolution to the U.S.-Iran war that has disrupted shipments still seems unlikely.Front-month Brent futures rose $0.62, or 0.7 per cent, to $84.39 a barre
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Oil drops, stocks gain amid Iran peace hopes; yen firms as investors watch for further intervention
NEW YORK/LONDON, Aug 3 : Oil prices dropped and major stock indexes gained on Monday on signs that U.S.-Iran tensions were easing again, while the yen strengthened after the U.S. and Japan confirmed joint intervention to support the currency and investors watched for signs of further intervention. U.S. Presi
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Oil prices drop 7% to three-week low after Trump cancels attack on Iran
NEW YORK, Aug 3 : Oil prices fell about 7 per cent to a three-week low on Monday after U.S. President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf.Front-month Brent futures fell $6.35, or 7.0 per cent,…
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Russia set to increase exports from western ports in August amid firm demand in Asia, sources say
MOSCOW, Aug 3 : Oil shipments from Russia’s western ports are set to increase 4 per cent in August from July as drone attacks on domestic refineries make more crude available for exports, while strong demand in Asia encourages sellers to load more, two traders said.Exports from the Baltic ports of Primorsk an
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