Tag: oil
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Oil prices rise as latest fighting resurrects Middle East supply disruption risks
Sept 1 : Oil prices gained on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world’s key crude-producing region. Brent crude futures were up 56 cents, or 0.6 per cent, to $91.05 a barrel at 0044 GMT, while U.S. West Texas…
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Oil rises over 2% as US and Iran resume military attacks
LONDON, Aug 31 : Oil prices rose more than 2 per cent on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and Tehran said it had retaliated, as their conflict extended into its sixth month.Brent crude futures were up $2.35, or 2.67 per cent, to $90.45 a barrel at 1306…
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Oil rises over 3% as US and Iran resume military attacks
LONDON, Aug 31 : Oil prices rose more than 3 per cent on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and Tehran said it had retaliated, as their conflict extended into its sixth month.Brent crude futures were up $2.87, or 3.26 per cent, to $90.97 a barrel at 1120…
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Oil rises over 3% as US, Iran resumes military attacks
LONDON, Aug 31 : Oil prices rose more than 3.5 per cent on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and Tehran said it had retaliated, as their conflict extended into its sixth month.Brent crude futures were up $3.15, or 3.58 per cent, to $91.25 a barrel at 0903…
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Oil rises as US, Iran resume military attacks
LONDON, Aug 31 : Oil prices were trading nearly 2 per cent higher on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as their conflict extended into its sixth month.Brent crude futures climbed $1.77, or 2 per cent, to $89.87 a barrel by 0733 GMT…
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Trump says US will refill Strategic Petroleum Reserve using Venezuelan oil
The US reserve sits near a 44-year low at about 290 million barrels as a new Venezuela deal seeks to lift crude supply.
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US and Venezuela reach ‘historic’ oil deal, Trump says
The agreement would grant the US majority control of over 65 billion barrels of proven Venezuelan oil reserves, Trump said.
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Trump hails major oil deal with Venezuela
US President Donald Trump said the United States signed an agreement with Venezuela to take control of 65 billion barrels of oil.
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Trump administration in talks for US stake in Venezuela oil: Report
The deal would more than double US oil reserves at a time when the US strategic petroleum reserve is at a 40-year low, said news site Axios.
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Could new US sanctions tear China and Iran apart?
Washington’s strategy of putting maximum economic pressure on Iran is tempered by its desire to smooth political tensions with China.
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