Tag: oil
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Oil prices climb as Iran deploys new tactics to target ships transiting Hormuz
TOKYO, Oct 14 : Oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to keep oil prices high and influence the US midterm elections.Brent crude futures rose 63 cents, or 0.6 per
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Oil prices climb as traders weigh Saudi supply risk, Russian diesel flow
TOKYO, Oct 14 : Oil prices climbed on Wednesday as traders weighed supply risk from fighting between Yemen’s Iran-allied Houthis and Saudi Arabia against the prospect of increased diesel from Russia.Brent crude futures rose 89 cents, or 0.8 per cent, to $106.58 a barrel by 0030 GMT, while US West Texas Interm
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Houthis launch fresh wave of missiles across Saudi Arabia
Both the Houthis and the Saudi-led coalition carried out strikes targeting energy infrastructure. Four people were injured as a result of debris of intercepted missiles in Riyadh. DW has the latest.
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Houthis and Saudis strike each other in latest escalation
Fighting has continued between Iran-backed rebels and Saudi Arabia, adversely impacting the kingdom’s economy and security. Still, Saudi officials have stopped warning of Houthi attacks in an effort to calm fears.
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Oil falls as Russian diesel supply prospects counter Gulf supply risks
Oct 12 : Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.Brent crude futures dropped $1.18, or 1.1 per cent, to $105.47 a barrel by 0625 GM
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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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Oil falls as Russia diesel supply prospects counter Gulf supply risks
Oct 12 : Oil prices fell on Tuesday and were on track for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.Brent crude futures fell $1.30, or 1.2 per cent, to $105.35 a barrel by 0329 GMT,
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Oil ticks lower as Russia diesel supply prospects counter Gulf supply risks
Oct 12 : Oil prices edged lower on Tuesday after climbing by nearly $2 a barrel in the previous session, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.Brent crude futures fell 61 cents, or 0.57 per cent, to $106.04 a barrel
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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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Watch: Who are the Houthis, and why are they so hard to fight?
Security correspondent Frank Gardner explains how the Iran-backed Houthis’ precision strikes and guerrilla tactics have made it difficult for Saudi forces to gain the upper hand.
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