Oil jumps to highest settlement since July 2022 as more Mideast supply disrupted
HOUSTON: Oil prices jumped on Friday and settled at their highest in nearly four years, as Iraq declared force majeure ...
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Oil up despite efforts by US, allies to boost supply and open Strait of Hormuz
LONDON: Oil prices gained on Friday despite leading European nations, Japan and Canada offering to join efforts to secure safe ...
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UAE crude output falls by more than half as Hormuz closure forces shut-ins
The United Arab Emirates’ daily oil output is down by more than half as the Iran conflict and the effective ...
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Oil poised for further gains as Middle East conflict threatens export facilities
SINGAPORE/NEW YORK: Oil prices could extend gains at Monday’s open as the U.S.-Israeli war against Iran entered a third week, ...
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Crude futures turn positive on continued Hormuz closure
HOUSTON: Crude futures climbed higher on Friday as the Strait of Hormuz remained closed, but analysts were wary the weekend ...
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Oil prices decline as Indian tanker sails out of Strait of Hormuz
LONDON: Oil prices dipped on Friday as an Indian tanker sailed out of the Strait of Hormuz and the U.S. ...
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Oil unlikely to hit $200 a barrel, US energy chief says
WASHINGTON: U.S. Energy Secretary Chris Wright said on Thursday that oil prices are unlikely to reach $200 a barrel, with ...
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How persistently high oil prices could impact India’s vulnerable economy
MUMBAI: India’s external balance and government finances could be hit if oil prices stay high for an extended period, economists ...
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IEA proposes record release of strategic stocks in response to Iran war oil price surge
PARIS/LONDON: The International Energy Agency (IEA) on Wednesday recommended the release of 400 million barrels of oil, the largest such ...
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Oil prices up 4% as supply fears mount despite record stocks release plan – Markets
NEW YORK: Oil prices gained nearly 4% on Wednesday as fresh attacks on ships in the Strait of Hormuz worsened ...
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