Tag: oil
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Oil falls on slightly improved flows through Gulf; set for monthly gain
July 31 : Oil prices fell more than 1 per cent on Friday as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran.Oil prices, however, remained on track for a monthly rise.Brent futures were down $1.28, or 1.44 per c
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Oil falls more than $1 on greater flows despite US-Iran war
July 31 : Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran.Brent futures fell $1.03, or 1.2 per cent, to $88 a barrel by 0215…
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South Korea refiners considering imports of Venezuelan crude, association says
SEOUL, July 30 : South Korea’s four refiners are considering importing Venezuelan crude oil to diversify their supply sources as conflict in the Middle East disrupts shipping through the Strait of Hormuz, an official at the Korea Petroleum Association said.GS Caltex, one of the nation’s major refiners, import
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Oil prices slip as tankers continue to ply Middle East conflict zones
BEIJING, July 30 : Oil prices gave up some of their gains on Thursday as oil tankers continued to make their way out of the Middle East even as tensions there escalated, with the U.S.-Iran war spreading beyond its main fronts.Brent futures fell $1.29, or 1.42 per cent, to $89.45 a barrel as of 0110…
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Saudi Arabia’s dilemma as it tries to stay out of US-Iran war
The kingdom faces a choice of whether to keep hitting back as a deterrent or to try to de-escalate the situation.
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Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing
July 28 : Oil prices dropped 5 per cent on Tuesday to a two-week low, on cautious hopes for a resolution to the Iran war as traders assessed developments in the Middle East.Brent futures fell $4.61, or 5.2 per cent, to $83.75 a barrel at 12:01 p.m. EDT (1601 GMT). U.S. West Texas Intermediate (WTI)…
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As US-Iran war rages, who’s risking the Strait of Hormuz?
Though Iran continues to attack vessels as leverage in its war with the United States, data show that several shippers continue to transit the waterway.
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Oil touches over one-week low as pause in attacks brings hope of US and Iran deal
July 28 : Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.-Iran conflict grew and traders continued to assess developments in the Middle East.Brent crude futures were down $2.53, or 2.86 per cent, at $85.83 by 0934 GMT. U.S. West Texa
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Oil touches over one-week low as pause in attacks brings hope of US/Iran deal
July 28 : Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.-Iran conflict grew and traders continued to assess developments in the Middle East.Brent crude futures were down $1.75, or 1.98 per cent, at $86.61 by 0739 GMT, after hitting
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Oil at one-week low as US and Iran pause attack; supply tension underpins
July 28 : Oil prices edged lower on Tuesday, hovering around one-week lows amid hopes for a resolution in the U.S.-Iran war, while subdued flow through the Strait of Hormuz and further supply disruption risks underpinned the market.Brent crude futures were down 50 cents, or 0.57 per cent, at $87.86 by 0610 GM
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