Tag: oil
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Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
BEIJING, June 26 : Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell 19 cents, or 0.25 per cent, to $75.07 a barrel…
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Oil prices fall to prewar levels on rising Middle East supply
Flows through the Strait of Hormuz were close to those before the start of the Iran war, says US Energy Secretary Chris Wright.
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Oil price falls to levels not seen since before Iran war
Energy prices have been on a wild ride since Iran responded to US and Israeli attacks by effectively closing the Strait of Hormuz.
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Oil prices fall as tankers exit Strait of Hormuz
BEIJING, June 25 : Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to end the U.S.-Israeli war with Iran, easing supply concerns.Prompt-month Brent crude futures for August delivery fell 40 cents, or 0.5
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Trump offers Iran an economic lifeline — with strings
Iran has seen a speedy rebound in oil exports after the US-Iran deal granted immediate waivers on US sanctions. Relief on frozen assets and a $300 billion reconstruction fund now hinge on Tehran meeting key conditions.
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Oil prices extend decline on expectations of smoother crude flows via Hormuz
TOKYO, June 24 : Oil prices fell on Wednesday, extending this week’s losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz. Brent crude futures were down…
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Oil extends losses as investors focus on Hormuz flows after peace talks
BENGALURU/LONDON June 23 : Oil prices fell on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures were down 44 cents, or 0.6 per cent, to $77.46 a barrel and U.S. West Texas Int
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India news: US waiver clears way for Iran oil purchase
Iran has contacted Indian refiners to sell its oil after the US temporarily lifted sanctions on Tehran. Meanwhile, an Indian startup founder is going to head Meta’s WhatsApp. Follow DW for more.
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Oil falls 1% as investors focus on Hormuz flows after peace talks
June 23 : Oil prices fell more than 1 per cent on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures fell $1.09, or 1.4 per cent, to $76.81 a barrel and U.S. West Texas Interme
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