Tag: oil
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Oil rises as uncertainty mounts over US-Iran truce
NEW DELHI, June 19 : Oil prices rose on Friday as the prospect of a lasting truce between the U.S. and Iran was clouded after peace talks in Switzerland were called off and as Israel stepped up attacks on Lebanon. By 0645 GMT, Brent crude futures gained 51 cents, or 0.64 per cent, to $80.36…
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Oil falls as supply moves through Strait of Hormuz after Iran war pact
NEW DELHI, June 19 : Oil prices fell on Friday as prospects brightened for more supply after oil tankers began moving through the reopening Strait of Hormuz following a peace deal between the United States and Iran.By 0328 GMT, Brent crude futures fell 43 cents, or 0.54 per cent, to $79.42 a barrel and U.S.…
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Japan, South Korea stocks hit records as oil prices fall
Oil tankers have started sailing through the Strait of Hormuz after the United States lifted its blockade on Iran on Thursday as an interim deal to end the three-month war took effect.
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Oil nations on edge in the face of new climate coalition
Even amid an ongoing energy crunch, major economies are dodging firm timelines to phase out coal, oil and gas. Fossil fuel-producing nations now fear new clean energy alliances could ramp up the pressure to go green.
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Oil falls to lowest since start of Iran war after ceasefire deal signed
LONDON, June 18 : Oil prices fell 2 per cent on Thursday to their lowest since the first trading day of the Iran war, as a U.S.-Iran interim deal to end the war, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.59, or…
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Oil slips again as US, Iran sign peace deal
BEIJING, June 18 : Oil prices fell in early trading on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran’s oil, resolving the largest energy supply disruption in history.Brent crude futures were down 89 cent
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Half of Japan firms see post-Iran war recovery taking over 6 months: Reuters Poll
TOKYO, June 18 : Nearly half of Japanese firms believe it will take more than six months for their business operations to return to normal after a ceasefire is achieved between the United States and Iran, a Reuters survey showed on Thursday. The survey took place before Washington and Tehran’s interim a
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Ex-Nigeria oil minister cleared in UK bribery trial
Diezani Alison-Madueke had been accused of receiving bribes from oil tycoons but was found not guilty by a jury at Southwark Crown Court.
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Iran sends loaded oil tankers past US blockade line
Three Iranian tankers loaded with crude oil have passed the US blockade line in the Gulf of Oman, ship-tracking data shows.
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IEA sees gradual Hormuz recovery tipping into significant 2027 oil surplus
LONDON: The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International Energy Agency said in its monthly oil market report on Wednesday (Jun 17).The US and Iran reached an agreement to end the three-month-old war, which
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