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Oil surges as fresh U.S. strikes on Iran threaten fragile truce
Oil jumped after a second day of U.S. military strikes on Iran, with the Islamic Republic announcing a halt to all vessels through the Strait of Hormuz in response, putting further strain on a fragile ceasefire. Brent crude surged more than 2% to…
Meet the Spanish company at the heart of Alaska's oil industry revival
Josu Jon Imaz, a former member of European Parliament, runs Spain's largest oil company. Recently, though, his focus has drifted thousands of miles from Madrid, to the far north. Imaz's company, Repsol, is one of several oil and gas businesses…
Oil Rises Amid Escalating Supply-Disruption Fears
2332 GMT — Oil rises in early Asian trade amid escalating supply-disruption fears caused by rising U.S.- Iran tensions. The U.S. launched a fresh wave of attacks on Iran Wednesday, conducting strikes against multiple targets on President…
Oil Crunch Is Stoking Asia's Demand for Coal, Shipping CEO Says
Coal is emerging as an increasingly attractive alternative to oil for energy-starved countries across Asia, according to Stamatis Tsantanis, chief executive officer of Seanergy Maritime Holdings Corp. “China has been restocking massive…
China Is Propping Up the World Economy by Importing a Lot Less Oil
A sharp fall in China's crude oil imports during the Iran war has been instrumental in holding down oil prices and keeping the global economy humming. Clues are emerging in the mystery of the missing three million barrels—the oil that China…
Asian Stocks to Fall, Oil Rises as US Strikes Iran: Markets Wrap
Asian stocks were poised for losses on Thursday as a tech-led selloff on Wall Street and rising oil prices fueled by renewed Middle East tensions weighed on sentiment. Equity-index futures for Japan, Australia and South Korea pointed to declines…
BYD powers past Geely as oil shock charges up global EV demand
The global energy crisis has helped propel BYD back into pole position in China's automotive sector, allowing it to regain ground on Geely Auto as demand for battery-powered vehicles accelerates worldwide. The Shenzhen-based electric vehicle (EV)…
Oil Prices Rise, Asian Equities Fall Amid Escalating U.S.-Iran tensions
The U.S. launched a fresh wave of attacks on Iran Wednesday, conducting strikes against multiple targets on President Trump's orders, the American military said. U.S. military forces were striking air defenses and radar sites near the Strait of…
Alberta Says It's Talking With Fortune 500 Firm to Finance Oil Pipeline
Alberta has held talks with a Fortune 500 company to finance a proposed oil pipeline capable of carrying 1 million barrels of oil a day to Canada's west coast, the province's energy minister said. “We've had one particular discussion with a…
Oil jumps as U.S. fresh strikes on Iran raise worries of extended disruption to energy flows
Oil prices jumped on Thursday after the United States launched a fresh round of military strikes against targets in Iran. Hussein Faleh | Afp | Getty Images Oil prices jumped Thursday after the U.S. launched a fresh round of military strikes…
US Strikes Iran Again, Oil Jumps on Strikes, More
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Trump to Iran: I just took your oil
President Donald Trump on Wednesday claimed the United States has been secretly removing massive amounts of crude oil from Iranian control on a nightly basis under cover of darkness as he downplayed inflation data showing prices have spiked at over…
US military secretly helped 100 mn barrels of oil through Hormuz: Trump
President Donald Trump said Wednesday that the US military secretly helped 100 million barrels of oil pass through the Strait of Hormuz, which Iran largely closed in response to US and Israeli attacks. SCROLL TO CONTINUE WITH CONTENT 'Last month, I…
Iraq Boosts Oil Exports as More Tankers Transit Strait of Hormuz
Iraq is accelerating oil loadings at its main port and boosting shipments out of the Persian Gulf in the latest sign that the region's top OPEC producers are getting more barrels through the vital Strait of Hormuz. Observed shipments of Iraqi oil…
Physical Oil Markets Are Floundering Despite 100 Days of War
The world's physical oil markets are confounding concerns about the growing supply shortfall that's being caused by the Iran war. Physical crude grades ripped to record premiums soon after the war began before fizzling out as refineries…
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