Tag: oil
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Tech back in fashion as Asian markets extend rebound
Crude oil tumbled further on Wednesday (Aug 5) after the Trump administration touted an imminent deal to reopen the Strait of Hormuz.
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Asia shares climb as tech mood swings, oil retreats
SYDNEY: Asian stock markets jumped on Wednesday (Aug 5) as robust earnings and renewed appetite for tech propelled Wall Street to record highs, while hopes for progress on opening the Strait of Hormuz pushed down on oil prices and bond yields.Japan’s Nikkei climbed 3.0 per cent and South Korea added 4.1 per c
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Oil steadies after two-day slump as investors eye Hormuz traffic
PERTH, Aug 5 : Oil steadied on Wednesday after steep falls in the previous two trading sessions, as investors waited to see if efforts to end the U.S.-Iran war and restore traffic through the blockaded Strait of Hormuz were making progress.Brent crude futures rose 26 cents, or about 0.33 per cent, to $79.62 a
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Asia shares surge on tech mood swing, oil retreats
SYDNEY, Aug 5 : Asian stock markets jumped on Wednesday as strong earnings and a resurgence of demand for tech lifted Wall Street to record peaks, while hopes for progress on opening the Strait of Hormuz dragged on oil prices and bond yields.Japan’s Nikkei climbed 3.0 per cent and South Korea added 3.4 per ce
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South Sudan: How climate change can turn toxic
Years of flooding have resulted in disastrous water pollution in South Sudan’s main oil region. As communities, scientists and health workers scramble for solutions, the long-term impacts of the crisis is yet to emerge.
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Oil prices fall on hopes Strait of Hormuz could reopen
US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
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Oil pares gains after Qatar says US-Iran diplomatic efforts continue
Oil prices pared gains on Tuesday (Aug 4) after Qatar said efforts to secure a diplomatic resolution to the United States-Iran conflict were continuing, while disruptions to oil
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Japan’s strategic oil reserves rise by 3 days of consumption in July
TOKYO, Aug 4 : Japan’s strategic crude oil reserves rose by three days to the equivalent of 202 days of consumption in July despite the prolonged Iran war as it secured alternative supply, the Ministry of Economy, Trade and Industry (METI) said on Tuesday.• Stockpiles in June had fallen by the equivalent of
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Oil gains as talks to end US-Iran war remain uncertain
Oil prices rose on Tuesday (Aug 4) as a diplomatic resolution to the US-Iran conflict remained uncertain, while disruptions to oil flows through key shipping routes persisted. Front-month Brent futures rose U
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Oil ticks up after selloff as talks to end US-Iran war remain uncertain
Aug 4 : Oil prices rebounded slightly on Tuesday, after plunging in the previous session, on concerns Middle Eastern supply remains at risk as a diplomatic resolution to the U.S.-Iran war that has disrupted shipments still seems unlikely.Front-month Brent futures rose $0.62, or 0.7 per cent, to $84.39 a barre
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