Tag: oil
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Stocks inch up, oil dips as traders eye US-Iran talks
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday and oil prices dipped as traders eyed talks to end the Iran war and U.S. data showing only a slight rise in inflation damped some expectations for a Federal Reserve rate hike.Talks between the U.S. and Iran were deadlocked. The United States a
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Global stocks inch up, oil steady before US CPI
NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday and oil prices dipped as traders eyed talks to end the Iran war and U.S. data showing only a slight rise in inflation damped some expectations for a Federal Reserve rate hike.Talks between the U.S. and Iran were deadlocked. The United States a
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Gulf states scramble for Strait of Hormuz alternative
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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Oil prices rise after ship attacks, US-Iran talks deadlock
LONDON, Aug 12 : Oil prices rose in volatile trade on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies and as talks to end the Iran war hit an impasse.Brent futures were up 17 cents, or 0.2 per cent, at $89.08 a barrel by 1055 GMT, heading for a…
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Oil rises after attacks on ships in Hormuz, Bab el-Mandeb
LONDON, Aug 12 : Oil prices rose on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies, while industry data showing swelling inventories of U.S. crude might keep bulls in check.Brent futures were up 90 cents, or 1 per cent, at $89.81 a barrel by 0757 GMT, set for
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IEA cuts 2026 oil demand forecast again as Hormuz remains shut
PARIS: The International Energy Agency on Wednesday (Aug 12) sharply reduced its forecast for global oil demand this year, as supplies remain crimped by the closure of the Strait of Hormuz and high prices deter buyers.
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Oil rises as doubts over US-Iran deal heighten supply concerns
BEIJING, Aug 12 : Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed U.S. crude inventories expanded.Brent futures gained 72 cents, or 0.81 per cent, to $89.63 a barrel by 0053
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Drone attack hits Libya’s largest oil refinery
Fires broke out at the Zawiya oil complex after explosives-laden drones struck the site. Hours later, fresh violence in Benghazi highlighted Libya’s persistent security challenges.
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Oil prices higher, stocks mixed ahead of inflation report
NEW YORK: Oil prices bounced around before finishing higher Tuesday (Aug 11) while global stocks were mixed as markets awaited a key inflation report expected to influence upcoming monetary policy decisions.Crude prices initially rose more than two per cent on hardening rhetoric between th
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Oil prices lower, stocks higher as Hormuz doubts drag on
LONDON: Oil prices fell back in choppy trading and stock markets were marginally higher Tuesday (Aug 11) as investors weighed fading expectations of higher interest rates against concern over oil flows from the Middle East.Oil prices initially rose more than 2 per cent with the United States and Iran appearin
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