Oil Industry News
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Shares edge down as Iran tensions push oil higher
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Stock prices in London closed slightly lower on Monday…
Mamdani's New York snake oil
That is exactly what I see happening in Zohran Mamdani's New York today. We have a very slick snake oil salesman making a case for painlessly fixing all of today's problems. And you won't have to pay a dime. Really? If you believe there is a…
New: Talarico Mourns Failure to Wipe Out Texas Oil and Gas Jobs
If one were deliberately trying to lose an election for a United States Senate seat from Texas, it's hard to see how one could go about that any more effectively than Democrat James Talarico is doing. From his 'vegan' campaign stumble, which he…
American and African Crudes Soar as China's Oil Imports Rebound
The prices of crudes from Canada, South America, and Africa have jumped in recent weeks as Chinese oil import demand is rising from a decade-low, benchmark prices rally, and Middle East supply remains disrupted. The Djeno crude from Congo, one of…
Shares edge down as Iran tensions push oil higher
Stock prices in London closed slightly lower on Monday, as rising oil prices fuelled inflation concerns, while investors also digested UK Chancellor John Healey's pledge to control public spending ahead of next month's Budget. The FTSE 100 index…
Stocks dented by inflation risk from rising oil, dicey geopolitics
LONDON, Sept 7 (Reuters) - Rising oil prices, conflict in the Middle East and political uncertainty in Europe kept investors on edge on Monday, leaving stocks to drift lower ahead of critical U.S. inflation data later this week. Tehran said it…
Goldman Flags Risk of $120 Oil If Mideast Ship Attacks Intensify
Oil may rally to as much as $120 a barrel if attacks on shipping in the Middle East increase, according to Goldman Sachs Group Inc., which recommended bets on natural gas and diesel as a way to capture gains. “Events over the last few days…
Can Iraq Really Replace Saudi Arabia As The Middle East's Top Oil Producer?
The global power of most Middle Eastern countries remains dependent on their oil and/or gas output, so it is little wonder they try to maximise this, either by pushing production higher or by pretending it is higher, or by forecasting that it will…
Oil Higher on Hormuz Escalation Amid Quiet Markets Due to Labor Day
Oil prices continued to rise in early European morning trade after Iranian forces fired ballistic missiles on two U.S. Navy warships, representing a fresh escalation in the six-month conflict. Brent crude oil traded close to $97 a barrel as both…
India's Crude Oil Benchmark Tops $100 as Middle East War Escalates
India's average crude import price soared to above $100 per barrel at the end of last week and is set to further rise this week as international crude prices rallied amid intensified hostilities in the Middle East. The so-called Crude Oil FOB…
Oil Edges Higher on Renewed Middle East Tensions: Markets Wrap
Asian stocks rose after US technology shares advanced on Friday. Oil climbed after the US and Iran traded tanker attacks in the Strait of Hormuz. Benchmark indexes in Japan and South Korea both gained, while those for Australia were little changed.
ASX LIVE: Australian shares set for a cautious start as oil pushes above $US96; energy stocksk in focus, $A at US72¢.
Go to latest Fresh military strikes between the US and Iran over the weekend threaten to push up energy prices and drag down the Australian sharemarket as investors brace for higher interest rates. At the close of Friday's trading, ASX 200 futures…
Iraq Struggles to Sell Oil From Basra After Hiking Its Prices
Iraq is struggling to find buyers to collect its crude from inside the Persian Gulf this month after sharply raising the price of its barrels, a development that could jeopardize a pickkup in the nation's oil flows. The nation's state oil-marketing…
Oil prices extend gains as U.S.-Iran strikes heighten supply disruption concerns
Oil prices extended gains on Monday as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz and other areas heightened concerns of a prolonged supply disruption from the Middle East. SCROLL TO CONTINUE WITH…
Oil extends gains after US and Iran strike ships
SINGAPORE, Sept 7 (Reuters) - Oil prices extended gains on Monday as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz and other areas heightened concerns of a prolonged supply disruption from the…
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