Summary Reports of resolution, continued fighting move prices US measures aimed at easing supply tightness Disruption of trade through the strait continues (Reuters) – Crude futures climbed higher on Friday as the Strait of Hormuz remained closed, but analysts were wary the weekend might bring surprise changes in the status of the war two weeks after it …
Crude Futures Turn Positive on Continued Hormuz Closure Read More »
(Reuters) – Iran has allowed two Indian-flagged liquefied petroleum gas carriers to sail through the Strait of Hormuz, four sources with direct knowledge of the matter said, a rare exception to the Iranian blockade that has disrupted global energy supplies. The Indian-flagged LPG tanker Shivalik crossed the Strait under escort from the Indian Navy, said …
Iran Lets Two Gas Tankers Sail to India Through Hormuz, Sources Say Read More »
(Reuters) – There is no clear evidence that Iran has placed mines in the Strait of Hormuz, U.S. Defense Secretary Pete Hegseth told a news briefing on Friday. The assessment by Hegseth contrasts with news reports earlier this week suggesting Iran had deployed about a dozen mines in the Strait of Hormuz, the conduit for …
No Evidence Iran Has Mined Strait of Hormuz, Pentagon’s Hegseth Says Read More »
(Reuters) – Russia sees a U.S. sanctions waiver on its oil as an attempt by Washington to stabilise global energy markets, and the two countries have a shared interest in this, Kremlin spokesman Dmitry Peskov said on Friday. The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products …
Kremlin Says Russia and US Share Interest in Stabilising Energy Markets Read More »
(Reuters) – The surge in energy prices triggered by the U.S.-Israeli war on Iran is putting European governments under pressure to help households and businesses, but strained finances in some major economies mean their firepower is limited. That makes it unlikely they will match the broad support provided after Russia’s full-scale invasion of Ukraine three …
Debt-Burdened Europe Has Fewer Options to Buffer Energy Shock Read More »
BP said late on Thursday that its represented workforce at its Whiting refinery in Indiana has voted not to ratify the company’s last, best, and final offer. “BP will continue to bargain in the best interests of our employees, our company, and the community,” the company said in a statement. BP last week had presented …
BP Says Whiting Refinery Union Workers Reject its Latest Employment Contract Read More »
Summary US puts forward measures aiming to ease supply tightness Disruption of trade through Strait of Hormuz continues Goldman expects Brent will average over $100 a barrel in March (Reuters) – Oil prices dipped on Friday, but were on track for weekly gains as Gulf disruptions from the Middle East conflict outweighed U.S. and International …
Oil on Track for Weekly Gains Despite US Sanctions Waiver on Russian Oil Read More »
The United States issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the Iran war. The announcement comes a day after the U.S. Energy Department said that the U.S. would …
US allows Countries to Buy Russian Oil Stranded at Sea for 30 Days Read More »
By Siddharth Cavale Iran supreme leader says Strait of Hormuz to remain closed Iranian boats attacked two tankers in Iraqi waters IEA release of 400 million barrels may give limited relief NEW YORK, March 12 (Reuters) – Oil prices settled up about 9% on Thursday, at their highest in nearly four years, as Iran stepped …
Oil Settles Up 9% as Iran Vows to Keep Strait of Hormuz Closed Read More »
By Timothy Gardner and Susan Heavey Lawmakers say Trump prioritizes oil companies over consumers Energy Secretary Chris Wright says $200-a-barrel oil unlikely Oil prices up despite U.S. efforts to control them WASHINGTON, March 12 (Reuters) – U.S. President Donald Trump said on Thursday the United States stood to make significant money from oil prices driven …
Trump Touts Oil Price Gains, Saying ‘We Make a Lot of Money,’ Angering Lawmakers Read More »
