Tag: crude
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Oil slides on Friday, heads for weekly gain on US-Iran fight
HOUSTON, Sept 4 : Oil prices slid on Friday but were on course to gain more than 6 per cent for the week after the United States and Iran resumed military exchanges in the seventh month of their conflict, while U.S. diesel prices hit a record high.Brent crude futures were down 23 cents or 0.24…
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Oil prices fall after hitting over one-month high; traders weigh supply risks
Sept 2 : Oil prices fell on Wednesday after climbing to more than one-month highs earlier in the session, with traders weighing the risk of supply disruptions following overnight strikes by the U.S. and Iran against signs that crude supplies continue to reach the market.Brent crude futures fell 57 cents, or 0
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Oil prices steady as traders weigh supply risks
Sept 2 : Oil prices were little changed on Wednesday after climbing to more than one-month highs earlier in the session as traders weighed the risk of supply disruptions following overnight U.S. and Iranian strikes against signs that crude supplies continue to reach the market.Brent crude futures rose 9 cents
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Japan to diversify crude supplies, back pipelines that bypass Hormuz
TOKYO, Aug 26 : Japan unveiled a comprehensive plan on Wednesday to strengthen the resilience of its energy supply, including support for pipeline projects that bypass the Strait of Hormuz, the gateway to almost all of its imported crude before the Iran war.The plan was outlined at a meeting of the government
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Japan to diversify crude supplies, back Mideast pipelines in resilience effort, media say
TOKYO, Aug 26 : Japan is set to unveil on Wednesday a comprehensive plan to boost resilience of its energy supply, with steps such as diversifying crude oil procurement and supporting Middle East pipelines to bypass the Strait of Hormuz, media said.The plan will be outlined at a meeting of the government’s Gr
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Oil hits three-week high on uncertainty over Hormuz
Aug 19 : Oil prices hit a three-week high on Wednesday as uncertainty over shipping through the Strait of Hormuz and ongoing supply disruptions supported the market.Brent crude futures climbed 45 cents, or 0.49 per cent, to $91.47 by 0754 GMT, while U.S. West Texas Intermediate crude futures were up 45 cents,
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Oil edges up on uncertainty over exports through Hormuz
Aug 19 : Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures climbed 26 cents, or 0.29 per cent, to $91.28 by 0
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Idemitsu starts sourcing Saudi crude via Suez route, sees no risk to stable supplies -president
TOKYO, Aug 18 : Idemitsu Kosan, Japan’s second-largest oil refiner, has begun sourcing Saudi crude from Yanbu via the Suez route and the Cape of Good Hope and sees no near-term threat to stable supplies, helped by UAE crude routed via Fujairah and imports from North America, its president said on Tuesday.”If
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Oil settles up over $2 as Iran war stalemate stokes supply concerns
HOUSTON, Aug 17 : Oil prices settled up by more than $2 on Monday on global supply worries stoked by investor pessimism about diplomatic efforts to resolve the Iran war, with U.S. President Donald Trump demanding Iran’s surrender and threatening to bomb Oman.Brent crude futures settled up $2.35, or 2.65 per c
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Oil jumps $2 as investors weigh Iran war stalemate, stoking supply concerns
HOUSTON, Aug 17 : Oil prices rose by more than $2 on Monday on global supply worries stoked by investor pessimism about diplomatic efforts to resolve the Iran war, with U.S. President Donald Trump demanding Iran’s surrender and threatening to bomb Oman.Brent crude futures were up $2.50, or 2.82 per cent, at $
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