Auto Added by WPeMatico
Oil prices drop after Trump cancels attack on Iran to seek nuclear deal Summary Trump says US will hold off fresh Iran attack to reach quick deal OPEC+ agrees September oil output hike Brent and WTI jumped more than 20% last month Two tankers with Saudi crude left Red Sea over the weekend, data shows …
Oil Prices Drop After Trump Cancels Attack on Iran to Seek Nuclear Deal Read More »
Summary Brent up 24% in July, WTI rises 21% Two very large crude carriers exit Strait of Hormuz Twenty-nine commodity vessels transited Bab el-Mandeb strait on Thursday Reuters poll says Brent crude to average $85.22 per barrel in 2026 (Reuters) – Oil prices closed more than $1 per barrel higher on Friday, ending July with …
Oil Prices Settle More Than 1% Higher, Log Strongest Month Since March Read More »
Summary Brent and WTI on track for monthly rises Two VLCCs exit Strait of Hormuz, Bab el-Mandeb sees 29 commodity vessels transit ADNOC buys tankers as Red Sea, Hormuz crisis reshape oil trade Ukraine’s military says it hit Russia’s Volgograd oil refinery July 31 (Reuters) – Oil prices were steady on Friday and on track …
Oil Steady as Traders Assess Shipping Flows; Monthly Gains in Sight Read More »
Summary Adjusted earnings reach $12 billion, or $6.06 per share Chevron will maintain dividend and buyback range, CFO says Hess acquisition delivers $1.5 billion in deal synergies ahead of schedule HOUSTON, July 31 (Reuters) – Chevron surpassed analyst estimates for second-quarter earnings on Friday, reporting its highest quarterly profit in at least six years as the …
Chevron Records Highest Quarterly Profit in Six Years, Beating Analyst Estimates Read More »
Summary US military says it hit dozens of Iran’s IRGC targets Oil tankers planned for loading at CPC terminal are heading away from Black Sea after strikes Drone strike on Lukoil refinery causes fire, damages distillation unit, sources say Brent and WTI rose more than $1 earlier in the session July 30 (Reuters) – Oil …
Oil Edges Down in Choppy Trading Amid Oman-Iran Talks, US-Iran Tensions Read More »
Summary Trump pauses attacks to allow more time for diplomacy, US ambassador says Strait of Hormuz traffic stays low despite pause in conflict Kazakhstan’s daily oil output halves after exporting terminal closure, source says (Reuters) – Oil prices tumbled 7% on Monday, hitting a one-week low, after the U.S. and Iran paused strikes over the weekend following …
Oil Prices Hit One-Week Low After US, Iran Pause Fighting Over Weekend Read More »
Summary Brent, WTI down over $3 earlier in session; set for around 10% weekly gain Trump vows to punish Iran for Houthi attacks in the Red Sea Hormuz tanker crossings subdued (Reuters) – Oil futures prices fell over 3% on Friday but are still set for hefty weekly gains because of concerns about disrupted …
Oil Retreats from Above $100, but Set for Weekly Rise on Middle East Escalation Read More »
Summary Brent crude up, at its highest since June 8 Iran’s Revolutionary Guards say Strait of Hormuz is under their control and ‘completely closed’ U.S. completes 12th straight night of attacks on Iran July 23 (Reuters) – Oil prices rose more than 1.5% in Asian trade on Thursday to stand at their highest in more …
Oil Prices Hover at Six-Week High as Middle East Shipping Risks Escalate Read More »
Summary Iran’s Guards say two oil tankers immobilised in Strait of Hormuz Shipping recovery has effectively stalled, analysts say Brent and WTI benchmarks hit more than one-month high (Reuters) – Oil prices rose on Monday to their highest in more than a month, with Brent crude climbing above $90 a barrel as escalating hostilities between …
Oil Prices Extend Gains on Escalating Middle East Hostilities Read More »
(Reuters) – Oil prices inched up on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi organisation to stand ready to shut the Red Sea export route. Brent crude futures rose 7 cents, or about …
Oil Rises on Intensifying US-Iran Hostilities, Threat of Red Sea Closure Read More »
