Oil
Page: 4
By Nicole Jao NEW YORK (Reuters) -Oil prices were moderately lower on Wednesday as worries over conflict in the Middle East eased and business activity in the world’s largest oil consumer slowed, however, a fall in U.S. crude oil inventories put a floor on those losses. Brent crude futures were down 27 cents, or 0.31%, […]
(Bloomberg) — China’s private oil refiners could seek to buy more cargoes whose origin has been obscured as they prepare for fresh US sanctions on Iranian exports, ensuring crude continues to flow to the world’s top importer. Most Read from Bloomberg The US House of Representatives passed tougher measures against Iran over the weekend in […]
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 […]