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Energy, Oil Stocks Tick Higher After Trump Says Ceasefire With Iran Is Over
Shares of Exxon Mobil were up 1.6%, to $143.93, in premarket trading Wednesday. Meanwhile, Chevron's and Conoco Phillips' stock each climbed 1.7%, to $177 and $110.30, respectively. Shares of BP gained 1%, to $38.99. Occidental Petroleum's stock…
US reinstates sanctions on Iranian oil sales after LNG, oil tanker attacks
The United States on Tuesday re-imposed sanctions on Iranian oil, as a U.S. official warned that Iran's attacks on vessels in the Strait of Hormuz were 'wholly unacceptable' and would be met with consequences. SCROLL TO CONTINUE WITH CONTENT Oil…
U.S. Crude Oil Stockpiles Post Unexpected Build
U.S. crude oil inventories rose for the first time in 11 weeks as production and imports increased and exports fell, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding the…
Oil Prices Rise on Renewed Supply Disruption Fears as U.S. Launches Strikes on Iran
The U.S. struck sites along Iran's coast and blocked its ability to sell oil legally on Tuesday following Tehran's recent attacks on ships near the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported. The…
We adhere to workers' safety SOPs in oil and natural gas industry: DGMS Deputy Director
The Directorate General of Mines Safety (DGMS) has been committed to ensuring strict adherence to standard operating procedures for the welfare of employees in the oil and natural gas industry, DGMS Deputy Director T.R. Kannan said on Wednesday.
Oil Prices Are Racing Higher After Persian Gulf Attacks
Tanker traffic through the Strait of Hormuz had been on the upswing, prompting energy traders to start talking about an oil glut and fuel prices to tumble. Fuel markets reversed course Tuesday, when Iran started attacking ships in the vital…
Oil Rises Amid Renewed Supply-Disruption Fears
2332 GMT — Oil rises in early Asian trade amid renewed supply-disruption fears. The U.S. struck sites along Iran 's coast and blocked its ability to sell oil legally on Tuesday in response to Tehran's recent attacks on ships near the Strait…
Oil Prices Up As U.S. Cancels Iran's Sales License, Launches Strikes
Tugboats push the Djibouti-flagged crude oil tanker Glory Forever, carrying oil imported from the UAE, to the pier in Qingdao, Shandong province, China. (Photo: Yu Fangping) Future Publishing via Getty Images Oil prices rose on Tuesday following…
Why the drop in stocks and oil market reaction is not worse after Trump's comments
All things considered, markets are taking the latest escalation in Middle East in stride. President Donald Trump said at the NATO summit in Turkey that the U.S.-Iran ceasefire is 'over.' He added: 'I don't want to deal with them anymore. They're…
Trump Vents Anger With Iran, Oil Surges, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
U.S. Revokes Waiver Allowing Sale of Iranian Oil
WASHINGTON—The Trump administration on Tuesday revoked a license allowing Iran to sell oil on the open market, the main economic benefit for Tehran of an interim peace deal that put an end to the war between Washington and Tehran and which…
Nymex Overview: Oil Up $5, ULSD Jumps 13% on Cease-Fire Pessimism, Strait of Hormuz Closure -- OPIS
August NYMEX West Texas Intermediate crude contracts were up $5.25 at $75.70/bbl and September WTI was $5 higher at $75.30/bbl. With Wednesday's sharp rallies, both oil benchmarks are on track to finish at levels well above their settlements on…
Wall Street Breakfast Podcast: Oil Futures Surge On Strikes
Listen below or on the go via Apple Podcasts and Spotify U.S. strikes Iran, oil (CL1:COM) responds. (00:14) Oklahoma targets Allstate's (ALL) claims practices. (01:27) Streaming's biggest players are chasing the World Cup. (02:14) This is an…
Oil Jumps After U.S. Bars Iranian Oil Sales
Oil prices jumped in late trading Tuesday after the Treasury Department revoked a waiver that allowed Iran to sell oil, signaling a new test for stop-and-start peace talks between the countries. The department said the move, which comes after a new…
Stocks slump, oil surges after Trump says Iran ceasefire is over
Stocks tumbled in early trading on Wednesday after President Trump said the ceasefire with Iran is 'over' and that it is 'a waste of time dealing with them.' Oil prices jumped 6% on concerns that a re-escalation of hostilities would jeopardize the…
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