Tag: oil
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Oil hits over 3-week high on Middle East supply concerns amid war impasse
LONDON, Aug 20 : Oil prices climbed to more than three-week highs on Thursday, driven by concerns that the impasse in the Iran war will continue to disrupt supply from the key Middle Eastern producing region.Brent crude futures for October delivery were up $2.19, or 2.39 per cent, to $93.81 a barrel at 1257 G
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Oil hits 3-week high on Middle East supply concerns amid war impasse
LONDON, Aug 20 : Oil prices climbed to three-week highs on Thursday, driven by concerns that the impasse in the Iran war will continue to disrupt supply from the key Middle Eastern producing region.Brent crude futures for October delivery rose $1.20, or 1.3 per cent, to $92.82 a barrel by 0813 GMT, while U.S.
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Oil prices steady as investors assess US-Iran war outlook
TOKYO, Aug 20 : Oil prices steadied in early trade on Thursday as investors assessed the outlook for the U.S.-Iran war and the security of shipping through the Strait of Hormuz. Brent crude futures for October delivery rose 25 cents, or 0.3 per cent, to $91.87 a barrel by 0037 GMT, while U.S. West Texas…
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Oil hits three-week high on uncertainty over Hormuz
Aug 19 : Oil prices hit a three-week high on Wednesday as uncertainty over shipping through the Strait of Hormuz and ongoing supply disruptions supported the market.Brent crude futures climbed 45 cents, or 0.49 per cent, to $91.47 by 0754 GMT, while U.S. West Texas Intermediate crude futures were up 45 cents,
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Oil edges up on uncertainty over exports through Hormuz
Aug 19 : Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures climbed 26 cents, or 0.29 per cent, to $91.28 by 0
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Oil inches up as US-Iran peace deal fades
NEW YORK, Aug 18 : Oil prices inched up on Tuesday, marking a third day of gains, as Iran said it would adopt a more offensive stance and the Strait of Hormuz would remain closed, and Washington ruled out extending a ceasefire.Brent crude futures were up 59 cents, or 0.7 per cent, at $91.46 a…
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Oil rises as US-Iran peace hopes fade
NEW YORK, Aug 18 : Oil prices were slightly higher on Tuesday, gaining for a third straight session, as prospects for a U.S.-Iranian peace deal dimmed after Tehran said it would adopt a more offensive stance and Washington ruled out extending a ceasefire deal. Brent crude futures were up 36 cents, or 0.4 p
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Brazil’s President Lula hails oil discovery near Amazon river
Environmentalists have heavily criticised the exploratory drilling in the sea off the mouth of the Amazon.
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Oil prices at near three-week high as US-Iran peace hopes fade
LONDON, Aug 18 : Oil prices rose for a third session on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the U.S. ruling out extending a ceasefire deal, heightening worries about prolonged energy supply disruptions.Brent crude futu
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Oil climbs as fading US-Iran peace hopes raise supply risks
Aug 18 : Oil prices rose on Tuesday as a deal to end the Middle East war seemed further out of sight with Iran saying it will adopt a more offensive stance and the U.S. ruling out extending a ceasefire agreement, heightening worries about energy supply.Iran will shift to a “fully offensive” military posture
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