Tag: crude
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Oil climbs over $1 on tanker attacks, no progrees on peace
HOUSTON, Aug 14 : Crude oil futures climbed over $1 a berrel on Friday on tanker attacks and a lack of progress on a peace agreement between the Trump administration and Iran’s leadership.Brent futures settled at $88.52 a barrel, up $1.45, or 1.67 per cent. U.S. West Texas Intermediate crude futures finished
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Oil slips on weaker demand outlook and higher US stocks amid supply disruptions
LONDON, Aug 13 : Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, while prices found support from a lack of progress in talks over the blockaded Strait of Hormuz and disruptions to supply.Brent futures were down 91 cents, or 1 per
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Oil prices rise after ship attacks, US-Iran talks deadlock
LONDON, Aug 12 : Oil prices rose in volatile trade on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies and as talks to end the Iran war hit an impasse.Brent futures were up 17 cents, or 0.2 per cent, at $89.08 a barrel by 1055 GMT, heading for a…
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Oil rises after attacks on ships in Hormuz, Bab el-Mandeb
LONDON, Aug 12 : Oil prices rose on Wednesday after attacks on two ships reinforced worries about disruptions to Middle East supplies, while industry data showing swelling inventories of U.S. crude might keep bulls in check.Brent futures were up 90 cents, or 1 per cent, at $89.81 a barrel by 0757 GMT, set for
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Oil rises as doubts over US-Iran deal heighten supply concerns
BEIJING, Aug 12 : Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed U.S. crude inventories expanded.Brent futures gained 72 cents, or 0.81 per cent, to $89.63 a barrel by 0053
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South Korea refiners considering imports of Venezuelan crude, association says
SEOUL, July 30 : South Korea’s four refiners are considering importing Venezuelan crude oil to diversify their supply sources as conflict in the Middle East disrupts shipping through the Strait of Hormuz, an official at the Korea Petroleum Association said.GS Caltex, one of the nation’s major refiners, import
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Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing
July 28 : Oil prices dropped 5 per cent on Tuesday to a two-week low, on cautious hopes for a resolution to the Iran war as traders assessed developments in the Middle East.Brent futures fell $4.61, or 5.2 per cent, to $83.75 a barrel at 12:01 p.m. EDT (1601 GMT). U.S. West Texas Intermediate (WTI)…
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Japan to receive first Mexican crude cargo since start of Iran war
TOKYO, July 15 : A tanker carrying Mexican crude oil for Japan’s Cosmo Oil, a unit of Cosmo Energy, is expected to arrive in the country as early as Friday, Japan’s industry ministry said on Wednesday, providing an alternative to Middle Eastern supplies.This would mark the first arrival of Mexican crude in Ja
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Japan refiners to diversify crude sources, explore support for Hormuz bypass routes
TOKYO, July 15 : Japanese oil refiners will diversify supply sources while exploring ways to support Middle Eastern producers, including pipeline expansion projects that bypass the Strait of Hormuz, the head of an industry group said on Wednesday.Here are details:• “It is of the utmost importance to
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Oil hits four-week high as US-Iran conflict escalates
July 14 : Oil prices rose on Tuesday to their highest in four weeks, after the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude rose to its highest since June 12 and WTI to its highest since
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