Tag: oil
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OPEC+ approves further oil output increase as Hormuz exports start to recover
LONDON: OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday (Jul 5), adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait o
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OPEC+ set to clear another oil output increase: Sources
LONDON: OPEC+ is set to agree on Sunday (Jul 5) on another increase in output targets from August, sources with knowledge of the matter said, adding to global supply amid falling oil prices due to a gradual reopening of the Strait
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Ukraine hits major oil terminal in Russia’s St Petersburg
Ukrainian President Volodymyr Zelensky says the target is key infrastructure “that generates revenue for Russia’s war”.
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Oil prices stable as US-Iran peace efforts hold
LONDON, July 3 : Oil prices were steady on Friday and little changed for the week as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures were up 17 cents, or 0.24 per cent, to $71.97 a barrel at 0932 GMT.…
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Oil prices little changed ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices were little changed on Friday before a long holiday weekend in the U.S., as traders held on to hopes that attempts to secure peace in the Middle East between the United States and Iran would succeed.Brent futures climbed 7 cents, or 0.1 per cent, to $71.87 a barrel as…
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Oil up slightly ahead of long US weekend as peace efforts hold
PERTH, July 3 : Oil prices rose slightly on Friday before a long holiday weekend in the U.S. as wary optimism held over efforts to make peace in the Middle East between the United States and Iran. Brent futures were up 17 cents, or 0.24 per cent, to $72.10 a barrel as of 0155 GMT.…
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Ukraine war puts increasing strain on Russian fuel supplies
Every day, Ukrainian drones strike targets deep inside Russia, damaging critical energy infrastructure. The attacks have created a fuel shortage, leading to long queues at filling stations and record price increases.
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Oil falls for a third straight day after US, Iran conclude talks in Doha
July 2 : Oil prices fell for a third consecutive day on Thursday as concerns over supply disruptions eased after Qatar said Iran and the U.S. had made progress in talks over the Strait of Hormuz.Brent futures were 66 cents or 0.92 per cent lower at $70.91 a barrel at 0758 GMT, while U.S. West…
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Oil falls after US, Iran talks conclude in Doha
BEIJING, July 2 : Oil prices dropped in early trade on Thursday after Qatar said Iran and the U.S. had made “positive progress” in indirect talks that concluded on Wednesday, focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war.Brent futures were down 73 cents, or 1.02
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War puts increasing strain on fuel supplies in Russia
Every day, Ukrainian drones strike targets deep inside Russia, damaging critical energy infrastructure. The attacks have created a fuel shortage, leading to long queues at filling stations and record price increases.
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