Oil Industry News
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Stocks mixed and oil rises as US, Iran call end to latest attacks
Asian stocks were mixed and oil prices edged up as reports said the United States and Iran had agreed to stop attacking each other following a weekend of strikes that threw their fragile truce into question. Investor confidence remains shaky after…
Stocks perk up and oil cools as US and Iran halt hostilities
By Ankur Banerjee and Harry Robertson SINGAPORE/LONDON, June 29 (Reuters) - European stocks and U.S. futures ticked higher on Monday after the U.S. and Iran agreed to halt recent hostilities and renew talks, helping oil prices fall after spiking…
Oil Rises Amid Renewed Supply-Disruption Concerns
2349 GMT — Oil rises amid renewed concerns over supply disruptions in the Middle East. Iran has exclusive right to manage traffic in the Strait of Hormuz under the preliminary peace deal signed with the U.S., Foreign Minister Abbas Araghchi…
JGBs Fall Amid Rising Crude Oil Prices
0032 GMT — JGBs fall in price terms in the early Tokyo session amid this morning's rise in crude oil prices that could lead to higher inflation in Japan, which is a major net oil importer. This, in turn, could prompt the BOJ to raise rates…
Sierra Leone grants oil block rights to Nigerian firm
Sierra Leone granted exploration rights for four offshore oil blocks to Nigeria's Marginal Energy, in a bid to reignite investor interest in the industry. The deal comes as Sierra Leone plans to issue more offshore licenses and follows separate…
US-Iran Agree to Stop Strikes, Stocks Lift and Oil Rises, More
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Oil Jumps After Crude Tanker Hit in Latest Middle East Flare-Up
Oil advanced after a tanker carrying Qatari crude was hit during a flare-up in attacks between the US and Iran, straining a ceasefire and hampering shipping through the Strait of Hormuz. Brent jumped as much as 1.9% to $73.39 a barrel, after…
UK Growth Outlook Brightens After US-Iran Truce Lowers Oil Costs
The fall in global oil prices is “unequivocally good news” for Britain's economy, Bloomberg Economics said as it lifted growth forecasts for this year. UK output will expand 1.2% in 2026, it said, up from a forecast of 0.8% before the…
Ukraine strike ignites Russia oil refinery; Putin recognises 'difficult period'
Ukraine kept up its heavy drone assault on Russia, setting fire to a major oil refinery in the south and killing at least two people, Russian authorities said on Sunday, as President Vladimir Putin acknowledged his country is going through a…
Oil climbs following renewed US, Iran strikes in Middle East
SINGAPORE, June 29 (Reuters) - Oil prices rose on Monday following days of tit-for-tat strikes by the United States and Iran in the Middle East that underscored the fragility of their interim peace deal and again slowed energy…
Oil transit is rebounding - but fresh hurdles arrive
Oil shipments through the Strait of Hormuz are resuming faster than many analysts predicted, but fresh hostilities in recent days are threatening the trend. Why it matters: The rebound in shipments is good news for the tight oil market and is…
Stock futures rise along with oil prices as traders weigh U.S. attacks on Iran over the weekend: Live updates
Stock futures were slightly higher on Sunday, as tensions between Iran and the U.S. escalated once again following renewed attacks in the Middle East — which threaten to prolong the war. Dow Jones Industrial Average futures rose 124 points…
Middle East Ceasefire Is On Again: Oil And Rates Are Firm, While Greenback Consolidates
The US dollar is mostly trading within the ranges seen before the weekend. Sterling briefly traded above $1.3230 ahead of the weekend, its best level in three sessions. It has been confined to a narrow range of about $1.3190 and almost $1.3230 so…
Oil rises as renewed U.S.-Iran strikes reignite Middle East supply fears
Oil prices rose as renewed U.S.-Iran strikes revived supply concerns. Talks aimed at ending the conflict between the U.S. and Iran have reportedly been paused. Military tensions around the Strait of Hormuz continued to unsettle energy markets. Elke…
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