Tag: oil
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Oil prices rise slightly after US announces new round of strikes on Iran
July 22 : Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones. Brent crude futures rose 0.55 per cent, or 50 cents
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Asian refiners look to Suez Canal to move Saudi oil amid Houthi shipping threats
HOUSTON, July 21 : Asian refiners are seeking to ship crude oil from Saudi Arabia’s Red Sea port through the Suez Canal and around Africa after Yemen’s Iran-aligned Houthis said they would impose a naval blockade on Saudi Arabia.The move marks the latest redirection of oil flows due to the U.S.-Israeli war wi
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IEA says Mideast fighting increases energy concerns
PARIS: The head of the International Energy Agency said on Tuesday (Jul 21) that renewed fighting in the Mideast increases concerns over energy supplies but that the market still has cushions to absorb the impact.”The escal
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Oil settles 1% higher as hopes of renewed US-Iran negotiations offset Houthi threat
HOUSTON, July 20 : Oil prices settled over 1 per cent higher on Monday after volatile trading through the session, as traders weighed hopes of renewed U.S.-Iran negotiations against Yemen’s Houthis imposition of a naval blockade against Saudi Arabia.The Middle East conflict escalated over the weekend, with th
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Oil steadies as hopes of renewed US-Iran negotiations offset Houthi threat
July 20 : Oil prices were steady on Monday, pulling back from earlier highs as price pressure from hopes of renewed U.S.-Iran negotiations was countered by Yemen’s Houthis declaring a naval blockade against Saudi Arabia.Benchmark prices had earlier touched more than one-month highs on concern over disruption
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Oil reverses as Iranian comments interpreted as chance for fresh negotiations
July 20 : Oil prices reversed early gains on Monday after Iran’s foreign ministry said negotiations with the U.S. could be pursued based on national interests.Benchmark prices had earlier touched more than one-month highs on concern over disruption to shipments through the Strait of Hormuz.Brent crude
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Oil prices extend gains on escalating Middle East hostilities
July 20 : Oil prices rose on Monday to their highest in more than a month, with Brent crude climbing above $90 a barrel as escalating hostilities between the U.S. and Iran restricted oil shipments through the Strait of Hormuz.Brent crude futures were up $1.03, or 1.17 per cent, at $89.13 a barrel by 0751…
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Oil jumps on Iran strikes, Hormuz shipping incident
HONG KONG: Oil prices surged in early Asian trade on Monday (Jul 20) after the United States struck Iran for a ninth consecutive night and a vessel caught fire in the Strait of Hormuz.The gains reflected gr
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Iran’s oil supply threat extends beyond Strait of Hormuz
Oil and gas producers in the Gulf are seeking alternatives to the Strait of Hormuz as traffic again comes under fire. But is Iran also turning its attention to the pipelines meant to bypass the waterway?
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Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
NEW DELHI, July 17 : Oil prices rose on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi political and military organisation to stand ready to shut the Red Sea export route. Brent…
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