Tag: oil
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Oil steadies after US threatens indefinite blockade of Iran
NEW DELHI, Aug 14 : Oil prices inched up on Friday after the United States threatened an indefinite naval blockade of Iran, reviving concerns about supply of crude after the previous session’s fall on a weaker outlook for demand and a large build in U.S. stocks.Brent futures rose 1 cent, or 0.1 per cent, to…
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Oil steadies after US threatens to blockade Iran indefinitely
PERTH, Aug 14 : Oil prices inched higher on Friday after the U.S. threatened to maintain a naval blockade of Iran indefinitely, reviving crude supply concerns, after prices fell in the previous session on a weaker global demand outlook.Brent futures rose 9 cents, or 0.1 per cent, to $87.16 a barrel by 0130 GM
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UK defends seizing shadow fleet tanker after Putin threat
The UK government says it is “disrupting and deterring shadow fleet vessels” in accordance with the law.
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Gulf states scramble for Strait of Hormuz alternatives
Saudi Arabia has redirected oil exports away from the Strait of Hormuz, but most Gulf producers still lack a reliable backup option to the world’s most important energy choke point.
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Stocks edge up with oil price below $90, dollar at 2-week high, Iran in focus
Aug 13 : Stocks edged higher on Thursday and oil stayed below $90 with investors turning their attention back to the conflict in Iran, after softer-than-expected U.S. data reinforced expectations that the Federal Reserve will keep rates unchanged next month.Traders scaled back their bets on a September rate h
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Oil slips on weaker demand outlook and higher US stocks amid supply disruptions
LONDON, Aug 13 : Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply.Brent futures were down 91 cents, or 1 per
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Oil drops on lower demand forecasts despite deadlock in US-Iran talks
BEIJING, Aug 13 : Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the U.S.-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures dropped $1.29, or 1.5 per cent,
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Oil prices climb again, as global stocks gain
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday after mild inflation data reinforced bets the Federal Reserve will hold interest rates steady, while oil prices edged higher as investors balanced lower demand against a deadlock in U.S.-Iran talks.The United States and Yemen’s Iran-aligned Ho
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Oil dips on demand forecasts, global equities gain
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday after mild inflation data reinforced bets the Federal Reserve will hold interest rates steady, while oil prices dipped as investors balanced lower demand against a deadlock in U.S.-Iran talks.The United States and Yemen’s Iran-aligned Houthis
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Due to the Iran war, Iraq is running out of money
Because of the blockage of the Strait of Hormuz, Iraq cannot export enough oil to fund the country’s huge public sector. Protests have already started. Will the Iran war destabilize Iraq again?
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