Tag: oil
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Oil prices rise as storms and air strikes threaten supply
PERTH, Oct 7 : Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 93 cents, or 0.92 per cent, to $101.51 a barrel
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Oil prices stable as market weighs supply risks, rising Middle East exports
NEW YORK, Oct 6 : Oil prices were steady on Tuesday after recovering earlier losses, as the market weighed increases in Middle Eastern crude exports and a planned Group of Seven release of emergency diesel and crude stockpiles against supply concerns related to attacks by the Iran-backed Houthis in Yemen.Bre
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Middle East war sharpens focus on ASEAN energy security plans
Southeast Asian energy ministers meeting in Manila are expected to review regional fuel-security measures as the US-Israeli war against Iran drags on.
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Oil prices slip as traders weigh strong Mideast exports against Gulf tensions
Oct 6 : Oil prices down on Tuesday as resilient Middle Eastern crude exports and a G7 emergency stockpile release eased supply concerns, though attacks by Yemen’s Houthis on Saudi targets kept traders wary of risks to Gulf supplies.Brent crude futures lost 4 cents to $100.28 a barrel by 0003 GMT, while US Wes
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US Supreme Court wrestles with oil companies’ bid to scuttle climate lawsuit
Boulder, Colorado, sued oil companies ExxonMobil and Suncor, accusing them of contributing to climate change through fossil fuel use.
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Oil settles lower after Europe agrees to tap diesel reserves
HOUSTON, Oct 2 : Crude futures finished down after European leaders agreed to US President Donald Trump’s request to release diesel reserves to lower prices and reduce fuel imports from the US. Brent settled down 6 cents, or 0.06 per cent, at $102.25 a barrel. WTI finished down $1.76, or 1.90 per cent, at
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G7 to release 100 million barrels of oil and diesel after Trump export ban threat
The coordinated release is aimed at heading off further price spikes and avoiding a ban on US diesel exports.
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Brent climbs, WTI down as Europe agrees to release diesel reserves
HOUSTON, Oct 2 : Brent crude futures climbed while US West Texas Intermediate held on to a portion of earlier losses on Friday after European leaders agreed to US President Donald Trump’s request to release diesel reserves to lower prices and reduce fuel imports from the United States. Brent was up 46 ce
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Oil prices drop as Europe agrees to release diesel reserves
HOUSTON, Oct 2 : Oil prices fell $2 after European leaders agreed on Friday to a request by US President Donald Trump to release diesel from their reserves to lower prices and reduce the need to import fuel from America.Brent was down $1.80, or 1.76 per cent, at $100.50 a barrel at 10:49 a.m. CDT…
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Oil price drops more than $3 on talks over diesel, crude stock releases
LONDON, Oct 2 : Oil prices fell more than $3 and European gasoil futures dropped over 4 per cent on Friday after reports of talks in Europe on additional diesel and crude stock releases, easing concerns over tight global energy supplies. Brent was down $3.06, or 3 per cent, at $99.25 a barrel at 1409…
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