Tag: crude
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Oil rises to two-week high as US and Iran trade strikes
July 8 : Oil prices gained over 2 per cent on Wednesday, climbing to a two-week high after Iran and the U.S. traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could again be disrupted. Brent crude futures ga
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Oil prices climb as US strikes on Iran fuel fears truce is unravelling
TOKYO, July 8 : Oil prices climbed nearly 2 per cent on Wednesday after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. The U.S. airstrikes were in response to Iranian a
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Oil gains after vessels attacked near Strait of Hormuz
July 7 : Oil prices rose on Tuesday after reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit route.Brent crude futures gained 61 cents, or 0.85 per cent, to $72.60 a barrel, while U.S. West Texas Intermediate crude rose 49 cents
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Eneos secures enough crude through September, seeks source diversification
TOKYO, July 3 : Eneos Holdings, Japan’s biggest oil refiner, has stabilized its oil procurement and secured sufficient alternative crude supplies through September after the Iran war disrupted Middle Eastern supply, its chief financial officer said. “We have a good outlook for supplies through September. The
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Oil prices little changed but set for steepest monthly and quarterly loss since 2020
June 30 : Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent futures rose 3 cents to $73.
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Oil settles up on US-Iran strikes; cautious hopes for shipping cap gains
HOUSTON, June 29 : Oil prices settled up more than 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams working
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Oil rises on US-Iran strikes; cautious hopes for shipping cap gains
HOUSTON, June 29 : Oil prices gained more than 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams working on t
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Oil rises on US-Iran strikes; gains capped by shipping hopes
LONDON, June 29 : Oil rose almost 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal while expectations of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iran and the U.S. agreed to renew talks over the strait, rais
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Oil steadies as US and Iran agree to halt attacks
LONDON, June 29 : Oil prices steadied on Monday as Iran and the United States agreed to halt recent hostilities in the Gulf and Middle East producers pushed ahead with loading oil and liquefied natural gas despite fresh ship attacks. The two countries also agreed to renew talks over the Strait of Hormuz, rai
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Oil extends slide to more than 1% on expectations of smoother crude flows via Hormuz
BENGALURU, June 24 : Oil prices fell more than 1 per cent on Wednesday, extending this week’s losses to hit fresh four-month lows on signs that more oil tankers are set to move out of the Strait of Hormuz. Brent crude futures were down $1.37, or 1.8 per cent, at $75.71 a barrel by 0805…
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