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Daily on Energy: The latest on oil and gas prices
We also take a look at President Donald Trump 's comments on Cuba, in which he said he would have the “honor” of taking the island. But the island has drawn solidarity from Russia following the president's remarks.
Iran Continues Attacks on Energy Supplies, Oil Rises, More
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Oil slips as rising U.S. crude inventories offset attacks on UAE energy infrastructure
Oil fell as rising U.S. crude inventories offset fresh supply fears. UAE attacks deepened disruption risks near the Strait of Hormuz. Citi warned prolonged outages could push Brent sharply higher. Oil prices slipped on Wednesday despite escalating…
Oil flows again through controversial California pipeline after Trump order
Oil has begun to flow from a controversial California pipeline system for the first time in an more than decade following a Trump administration order, despite state officials decrying the move. Sable Offshore Corporation, the Houston-based owner…
UAE Gas Field Hit, Key Oil Hub Halts as Energy Attacks Intensify
A large gas field in the United Arab Emirates was set ablaze after a drone strike and a vital oil port was halted again, piling pressure on energy markets and supply with each day that the Iran war goes on. The latest incidents in the UAE add to a…
Iran 'Starts New Phase Of Oil War' After Energy Production Hit
Crude oil futures rose in overnight trading, with Brent nearly reaching $105 per barrel and WTI climbing as high as $98.42 per barrel, as Iran intensified drone strikes on energy infrastructure across the Gulf. ' Further ominous developments today.
Rising Oil Prices Hurt Stocks, Bolster Dollar
Oil prices pushed higher as Iran stepped up its attacks on energy infrastructure in the Middle East, dragging on stocks and bolstering the dollar. Strikes on the United Arab Emirates' Fujairah Oil Industry Zone and its Shah gas field helped keep…
World stocks, oil rise
NEW YORK: Global stocks rose on Tuesday for a second straight session, even as the war in Iran continued to drive up oil prices and ahead of a flurry of policy announcements from global central banks this week. US crude rose 2.28pc to $95.63 a…
Big Oil payday: What will Uganda's crude oil sell for?
Every Farmer knows this and you are excited at the thought of earning really big from it. Then you reach the market, and the prices are high or have dropped. Take maize for example, one season, you sell a kilogram at Shs 1,200; the next, the buyers…
Trump's Oil Reserve Release Is Reshaping the Futures Curve
As oil traders brace for a historic release from the US Strategic Petroleum Reserve in the form of a loan, they're dumping prompt barrels and snapping up cheaper supplies further out when borrowers will need to repay the government. Countries…
Oil, gas prices jump as Trump flirts with striking Iranian oil infrastructure
President Donald Trump's suggestion that Iranian oil infrastructure could be a U.S. target sent oil and gasoline prices higher on Monday, as traders weighed the risk of a deeper confrontation that could further exacerbate global energy supplies. On…
Soy Futures Drop on Delayed Trump-Xi Meeting, Oil Price Decline
US soy futures dropped after President Donald Trump confirmed he would be postponing his trip to China for trade talks, while a decline in crude oil also weighed. Speaking at the White House on Tuesday, Trump said his summit with Chinese President…
Libya Redirects Oil Flows After Sharara Pipeline Leak and Fire
Libya's National Oil Corp. reported a fire after a pipeline leak from the country's largest oil field, according to a statement. Production at Sharara was continuing, with some flows redirected to the El Feel pipeline toward Mellitah port, and the…
This isn't your grandfather's oil crisis
For Americans of a certain vintage, perhaps even the 79-year-old President Donald Trump himself, a Middle East war plus a jump in oil prices triggers a painful muscle memory. As they look with worry at Iran, their minds conjure past scenes of gas…
Asian Refiners Scour the World for Oil With Hormuz Flows Halted
Asia's oil refiners are ramping up crude purchases from outside the Middle East, the latest sign of a scramble to secure supplies as shipping through the vital Strait of Hormuz remains all-but halted. After initially balking at sky-high crude…
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