Tag: oil
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Oil steadies as US and Iran agree to halt attacks
LONDON, June 29 : Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with loading oil and liquefied natural gas despite fresh ship attacks. The two countries also agreed to renew talks over the Strait of Hormuz, rai
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Saudi Arabia helicopter crash kills all 14 on board
The aircraft belonged to state oil giant Aramco and the cause of the crash is being investigated.
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Russia’s Putin promises security as Ukraine ramps up attacks
The Russian leader condemned “terrorist attacks on our territory and infrastructure facilities.” Ukrainian attacks on Russia’s oil refineries and weapons factories have caused massive disruption in recent weeks.
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Saudi Aramco helicopter crashes, all 14 passengers killed
Saudi Arabian media report that the helicopter crashed in Ras Tanura on the country’s eastern coast early on Sunday. It said that all 14 Saudi nationals on board were killed, and the cause of the crash was unclear.
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Venezuela
Venezuela is an oil-rich country in South America. Despite having the world’s largest known oil reserves, its bankrupt economy has lead to a refugee crisis and dire human rights situation.
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Falling energy prices won’t defuse rising risk of civil unrest in emerging markets
(Refiles story to fix format, no change to text)By Colleen GokoJOHANNESBURG, June 26 : A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure in many emerging markets, but cheaper oil alone will not defuse the threat of civil unrest as the damage to househ
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Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
BEIJING, June 26 : Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell 19 cents, or 0.25 per cent, to $75.07 a barrel…
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Oil prices fall to prewar levels on rising Middle East supply
Flows through the Strait of Hormuz were close to those before the start of the Iran war, says US Energy Secretary Chris Wright.
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Oil price falls to levels not seen since before Iran war
Energy prices have been on a wild ride since Iran responded to US and Israeli attacks by effectively closing the Strait of Hormuz.
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Oil prices fall as tankers exit Strait of Hormuz
BEIJING, June 25 : Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns.Prompt-month Brent crude futures for August delivery fell 40 cents, or 0.5
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