Tag: oil
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Oil prices climb more than $4 after Israeli strikes on Iran and Lebanon
PERTH/ BEIJING, June 8 : Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose $4.42 or 4.47 per cent to $97.15 a barrel as of 0609 GMT, while U.S. crude futures were up…
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Oil prices climb more than $3 after Israeli strikes on Lebanon
PERTH/ BEIJING, June 8 : Brent oil prices jumped more than $3 a barrel on Monday, initially spooked by Israel’s launch of renewed strikes on Lebanon a day earlier, but also gaining further steam after sounds of explosions were heard in Iran.Sounds of blasts were heard – in Tehran, Tabriz and Isfahan, local me
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Oil prices edge higher after strikes on Israel test ceasefire
Iran said the attacks, its first since an April ceasefire, are the start of “a full week” of strikes
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Oil prices rise more than $2 on Israel strikes on Lebanon
BEIJING, June 8 : Oil prices were up more than $2 a barrel in early trading on Monday after Israel on Sunday launched strikes on the Beirut area for the first time since the U.S. announced a ceasefire plan for Lebanon.U.S. crude futures were up $2.57 at $93.11 per barrel as of 2215 GMT, while…
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Analysis:Global oil inventories depleted, next price spike could roil economies, markets
HOUSTON/NEW YORK, June 5 : Global oil inventories are running dangerously low as a deal to re-open tanker traffic through the Strait of Hormuz has proven elusive, and industry executives and analysts warn there could be another oil price shock in the coming weeks, severe enough to upset broader financial markets.
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Iran war: Even a peace deal won’t fix energy crunch
The growing energy and supply chain crisis is unlikely to ease even if the US and Iran step back from the brink. Experts warn that reopening the Strait of Hormuz and repairing infrastructure could take months or years.
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Oil falls after Lebanon and Israel agree on a ceasefire
LONDON, June 4 : Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Trade was cautious though and the decline was limited. Brent futures were down 77 ce
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‘Not happening’: EU loses hope in services ban for Russian tankers
The EU is stuck with a ban on maritime services for Russian oil tankers. The closure of the Strait of Hormuz, the silence of G7 allies and the opposition of Greece and Malta have made any policy shift virtually impossible. #EuropeNews
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Oil falls as Lebanon and Israel agree on a ceasefire
BEIJING/PERTH, June 4 : Oil prices fell on Thursday as a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz.Brent futures were down 87 cents, or 0.89 per cent, at $96.92 a barrel by…
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Oil terminal in St. Petersburg hit by Ukrainian drones
Ukraine has struck the Russian city of St. Petersburg with drones just as a flagship Russian economic forum was about to get underway. City authorities confirmed that several districts had been hit.
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