Tag: oil
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Oil climbs as market monitors US-Iran talks
July 7 : Oil rose on Tuesday as traders’ nervousness about a lack of progress on peace talks between the United States and Iran offset any price impact of a slight recovery in shipping through the Strait of Hormuz.Brent crude futures gained $1.02, or 1.42 per cent, to $73.01 a barrel, while U.S. West Texas…
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Oil tanker hit by ‘unknown projectile’ in Strait of Hormuz region: Maritime agency
LONDON: An “unknown projectile” struck and caused a fire on an oil tanker off the coast of Oman near the Strait of Hormuz on Monday (Jul 6), British maritime security agency UKMTO said.The incident occurred near one of the world’s most important energy shipping routes, despite
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Oil tanker struck in Strait of Hormuz, UK says
The incident occurred east of Limah, Oman. A projectile struck a tanker and caused a fire while it was traveling southbound, with no casualties reported.
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Oil prices little changed as Saudi cuts prices, OPEC+ boosts target
NEW YORK, July 6 : Oil prices were little changed on Monday, trading around pre-Iran war levels as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target increase starting in August, and exports through the Strait of Hormuz recovered further. Brent crude�
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Oil prices steady at pre-Iran war levels
July 6 : Oil prices were stable around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices and after OPEC+ agreed to further increase its output targets from August, while exports from key producers via the Strait of Hormuz are recovering.Brent crude futures fell 4 cents, or 0.06
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Oil falls after OPEC+ agrees to raise output targets
July 6 : Oil prices fell on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell 41 cents, or 0.57 per cent, to $71.71 a barrel at 0942 GMT after set
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Oil falls by more than 1% after OPEC+ agrees to raise output targets
July 6 : Oil prices fell by more than 1 per cent on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.Brent crude futures fell $1.02, or 1.41 per cent, to $71.10 a barrel
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OPEC+ approves further oil output increase as Hormuz exports start to recover
LONDON: OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday (Jul 5), adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait o
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OPEC+ set to clear another oil output increase: Sources
LONDON: OPEC+ is set to agree on Sunday (Jul 5) on another increase in output targets from August, sources with knowledge of the matter said, adding to global supply amid falling oil prices due to a gradual reopening of the Strait
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Ukraine hits major oil terminal in Russia’s St Petersburg
Ukrainian President Volodymyr Zelensky says the target is key infrastructure “that generates revenue for Russia’s war”.
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