Tag: oil
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Oil rises as US, Iran resume military attacks
LONDON, Aug 31 : Oil prices were trading nearly 2 per cent higher on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as their conflict extended into its sixth month.Brent crude futures climbed $1.77, or 2 per cent, to $89.87 a barrel by 0733 GMT…
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Trump says US will refill Strategic Petroleum Reserve using Venezuelan oil
The US reserve sits near a 44-year low at about 290 million barrels as a new Venezuela deal seeks to lift crude supply.
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US and Venezuela reach ‘historic’ oil deal, Trump says
The agreement would grant the US majority control of over 65 billion barrels of proven Venezuelan oil reserves, Trump said.
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Trump hails major oil deal with Venezuela
US President Donald Trump said the United States signed an agreement with Venezuela to take control of 65 billion barrels of oil.
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Trump administration in talks for US stake in Venezuela oil: Report
The deal would more than double US oil reserves at a time when the US strategic petroleum reserve is at a 40-year low, said news site Axios.
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Could new US sanctions tear China and Iran apart?
Washington’s strategy of putting maximum economic pressure on Iran is tempered by its desire to smooth political tensions with China.
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Oil gains as traders weigh prospects of easing Middle East supply disruptions
Aug 27 : Oil prices rose on Thursday after falling earlier in the session as traders weighed signs of diplomatic progress involving Iran against lingering risks to oil supplies from the Middle East.Brent crude futures were up 71 cents, or 0.81 per cent, at$88.55 a barrel at 1128 GMT. West Texas Intermediate
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Oil gains as traders weigh prospects of Hormuz reopening
Aug 27 : Oil prices rose on Thursday after falling earlier in the session as investors weighed prospects for progress in reopening the Strait of Hormuz and broader Middle East supply risks.Brent crude futures were up 51 cents, or 0.58 per cent, to $88.35 a barrel at 1005 GMT. West Texas Intermediate crude fu
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Oil extends losses on hopes Middle East talks could ease supply woes
Aug 27 : Oil prices fell more than $1 on Thursday, extending a streak of losses, on expectations that talks between Iran and Qatar might open the Strait of Hormuz and reduce supply disruptions from the Middle East war. Brent crude futures were down $1.36, or 1.55 per cent, to $86.48 a barrel at 0800…
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Oil prices extend losses on expectations talks to ease Middle East supply woes
Aug 27 : Oil prices fell on Thursday, extending a streak of multiple days of losses, on expectations talks between Iran and Qatar may open the key Strait of Hormuz and reduce supply disruptions from the Middle East war. Brent crude futures were down 60 cents, or 0.7 per cent, to $87.24 a barrel by…
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