Oil
Image caption, Iran is the seventh largest oil producer in the worldArticle information Author, Mariko Oi Role, Business reporter 19 April 2024, 04:41 BST Updated 45 minutes ago Oil and gold prices have jumped after US officials said an Israeli missile had struck Iran. Brent crude, the international benchmark, rose by 1.8% to . . […]
MIAMI (AP) — The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democratic opening in the OPEC nation. A senior U.S. official, discussing the decision with […]
Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Olga Rolenko | Moment | Getty Images U.S. crude oil fell for the third consecutive trading session on Wednesday, dipping […]
A man walks past a mural featuring oil pumps and wells in Caracas, Venezuela, as the country faces the prospect of the U.S. reimposing oil sanctions. Matias Delacroix/AP hide caption toggle caption Matias Delacroix/AP A man walks past a mural featuring oil pumps and wells in Caracas, Venezuela, as the country faces the prospect of […]
Four U.S. officials told NBC News they expect an Israeli response to Iran’s attack to be limited in scope and most likely to involve strikes on Iranian forces and their proxies outside Iran. “Tensions are high, and either party’s next moves are hard to predict, but all the significant signs point toward an easing of […]
(Bloomberg) — A group of US regional banks is ratcheting up lending to oil, gas and coal clients, grabbing market share as bigger European rivals back away. Most Read from Bloomberg The list of banks includes Citizens Financial Group Inc., BOK Financial Corp. and Truist Securities Inc., according to data compiled by Bloomberg. The companies […]
(Reuters) -Oil prices were little changed on Wednesday after two straight days of losses, as the deadlock in Gaza ceasefire talks renewed uncertainty about the security of supplies from the Middle East, offsetting a bigger-than-expected build in U.S. crude inventories. Brent crude futures were up marginally at $89.49 per barrel at 0330 GMT, while U.S. […]
(Bloomberg) — Asian stocks followed gains on Wall Street after better-than-expected US payrolls data on Friday. Oil fell as Israel said it would pull some troops out from Gaza. Most Read from Bloomberg Benchmark equity indexes rose in Japan, Australia and South Korea. They dropped in Hong Kong and mainland China with sentiment damped by […]
Facing a mid-April deadline to decide whether to extend a temporary suspension of sanctions it granted Venezuela last fall, the Biden administration is considering ways to impose new limits on oil sales by the government of President Nicolás Maduro without increasing the number of Venezuelan migrants, raising U.S. gas prices or . . .
Oil and gas companies will need to stem the release of methane, a potent greenhouse gas, from their drilling operations on federal and tribal lands under a highly anticipated rule the Biden administration finalized Wednesday. The rule from the Bureau of Land Management, an arm of the Interior Department, builds on the Biden . . […]