Tag: oil
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Who are the Houthis in Yemen and what do they want?
A rapid military advance down Yemen’s Red Sea coast has put the spotlight on the Iran-backed group, amid growing concerns about the global energy market.
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Oil extends gains on little sign of progress in US-Iran talks
LONDON, Sept 24 : Oil prices rose more than 2 per cent on Thursday as diplomatic talks between the US and Iran showed little sign of progress, while investors focused on uncertainty about a potential US ban on diesel exports.Brent crude futures were up $2.32, or 2.25 per cent, to $105.40 a barrel at 0803…
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Oil prices edge lower as Iran says it is open to diplomacy to end the war
Sept 24 : Oil prices edged lower on Thursday, after climbing 4 per cent in the previous session, as Iran said it remained open to diplomacy to end the US-Iran war, though the two countries remain far apart on ways to do so. Brent crude futures fell 94 cents, or 0.9 per cent, to $102.13…
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Stocks fall on soaring bond yields, higher oil prices
NEW YORK: Stock markets fell Wednesday (Sep 23) as oil prices rose sharply and US bond yields jumped on inflation fears, with world leaders at the UN General Assembly offering little to suggest progress in ending turmoil in the Middle East.After several sessions of falls, the price of Nort
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Oil holds near two-week lows while diesel cracks hit record
LONDON, Sept 23 : Oil prices held near their lowest in more than two weeks on Wednesday as improving Gulf crude supplies weighed on the market, though diesel refining margins hit a record high on potential restrictions to US diesel exports.Brent crude futures rose $1.33, or 1.34 per cent, to $100.58 a barrel
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Oil holds near two-week lows while diesel cracks hit record peak
LONDON, Sept 23 : Oil prices held near their lowest in more than two weeks on Wednesday as improving Gulf crude supplies weighed on the market, though diesel refining margins hit a record high on potential restrictions to US diesel exports.Brent crude futures rose 37 cents, or 0.37 per cent, to $99.62 a barre
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Oil holds near two-week lows on easing supply concerns
LONDON, Sept 23 : Oil prices held near their lowest in more than two weeks on Wednesday, kept in check by improving Gulf crude supplies and growing hopes for a diplomatic resolution to the US-Israeli war on Iran.Brent crude futures rose 16 cents, or 0.16 per cent, to $99.41 a barrel by 0809 GMT while…
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Oil & gas
The wars in Iran and Ukraine have triggered a global energy supply and refining crisis, sending prices of diesel, petrol and gas soaring.
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Oil falls on increased Gulf supply and hopes for US-Iran talks
PERTH, Sept 23 : Oil prices drifted lower on Wednesday as Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea and on hopes for a diplomatic solution to the US-Iran war through talks at the UN in New York.Brent crude futures fell 7 cents, or 0.07 per cent, to $99.18…
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South Korea plans to cut its reliance on Middle crude oil imports to 50% by 2035
SEOUL, Sept 23 : South Korea aims to reduce its reliance on crude oil from the Middle East to 50 per cent by 2035, as Asia’s fourth-biggest economy seeks to diversify energy supplies following the disruption caused by the Iran war, the Industry Ministry said on Wednesday. In its 10-year natural resources secu
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