oilprice.com
Bullish Oil Bets Shrink for a Second Week Running, COT Data Show
Commitment of Traders data show speculators trimmed bullish crude oil positions for a second consecutive week.
Oil
Stories tagged “Oil.”
30 stories
Kazakhstan Weighs New Routes as Drone Strikes Squeeze Black Sea Oil Exports
oilprice.com
Kazakhstan Weighs New Routes as Drone Strikes Squeeze Black Sea Oil Exports
Kazakhstan is exploring new oil export routes to bypass the Black Sea, which has become increasingly risky due to drone strikes impacting Russian ports and shipping.
bolnews.com
Gunvor welcomes Pakistan's oil price reform plan
Gunvor Group delegation met Federal Minister Ahad Cheema and endorsed Pakistan's plan to deregulate oil prices and modernize refineries, with PGL announcing expansion.
cbsnews.com
Trump says U.S. only 'semi-negotiating' with Iran after Tehran sets demands to reopen Strait of Hormuz
President Trump told Axios the U.S. is only 'semi-negotiating' with Iran and signaled he would allow economic pressure to pile on Tehran. Iran set out new demands for reopening the Strait of Hormuz that include compensating Iran for war damage.
bbc.com
Iran says US is no longer seeking nuclear deal, wants to focus on reopening Strait of Hormuz
Iran says US is no longer seeking nuclear deal, wants to focus on reopening Strait of Hormuz. Iran's Supreme National Security Council has set conditions for reopening the Strait of Hormuz, including the end of the war with Iran and its allies in the region, the lifting o…
oilprice.com
Ukrainian Drone Strike Kills 12 in Major Attack on Russian Refining Hub
A Ukrainian drone strike on a Russian refining hub resulted in 12 fatalities, marking a significant escalation in attacks targeting Russia's energy infrastructure.
en.mehrnews.com
Iran asks reg. states to bolster own security sans foreigners
Iran's Foreign Ministry spokesman, Esmaeil Baghaei, asserted that Israel poses the greatest threat to regional security and urged regional countries to strengthen their own defense without foreign reliance. He also linked the reopening of the Strait of Hormuz to the cessa…
Stock Markets Take a Step Back with Oil Prices on the Rise
cincodias.elpais.com
Stock Markets Take a Step Back with Oil Prices on the Rise
The stock markets in Asia followed Wall Street's lead in rising on Monday after a weak US jobs report reduced the risk of a short-term increase in borrowing costs. However, the lack of progress in the Gulf peace talks led to a slow increase in oil prices. The Brent crude …
aljazeera.com
Trump signals shift to economic pressure on Iran over new military strikes
Trump says the US is relying on economic pressure rather than new military strikes to push Iran toward a deal, citing Tehran's financial strain and an April naval blockade.
bbc.com
The Story of Shakhboot bin Sultan Al Nahyan: A Ruler Afraid of the Banking System in Abu Dhabi Whose Brother's Help Led to His Ouster by Britain
The story of Shakhboot bin Sultan Al Nahyan, a ruler who was afraid of the banking system in Abu Dhabi, whose brother's help led to his ouster by Britain. The article explores the history of Abu Dhabi's relationship with Britain and the impact of the discovery of oil on t…
South Korean won leads Asian FX losses as dollar edges higher; yen weakens
investing.com
South Korean won leads Asian FX losses as dollar edges higher; yen weakens
South Korea's won led Asian FX losses as the dollar edged higher and the yen weakened past 158. Brent near $84 and Strait of Hormuz uncertainty added pressure.
handelsblatt.com
US Generalstabschef Caine Seeks Way Out of Trump's Iran War
US Generalstabschef Caine is reportedly seeking a way out of Trump's Iran war. The conflict has led to uncertainty over the opening of the Strait of Hormuz, causing oil prices to rise. The Iranian government has announced that a deal with Oman for new shipping routes is n…
livemint.com
Petrol, diesel prices today: How costly is fuel in Delhi, Mumbai, Bengaluru as crude oil rises on elusive Iran-Oman deal
Retail fuel rates in India remained stable despite fluctuations in global oil prices. Petrol and diesel prices across major Indian cities held steady today even as crude oil price rose on elusive Iran-Oman deal on Strait of Hormuz.
channelnewsasia.com
Japan posts first current account deficit in nearly 1-1/2 years
Japan recorded a current account deficit of 92.3 billion yen in June, the first shortfall in 17 months, missing economist forecasts for a 1.51 trillion yen surplus. Larger dividend payouts to foreign investors and rising oil import costs drove the reversal.
Why Trump’s Waiver of the Jones Act Is Unlikely To Lower Gas Prices
oilprice.com
Why Trump’s Waiver of the Jones Act Is Unlikely To Lower Gas Prices
The Jones Act waiver by Trump is unlikely to lower gas prices due to various factors, including the complexities of the US oil market and the limited impact of the waiver on oil prices.
scmp.com
Yemen’s Houthis attack Saudi refinery after kingdom signs defence pact
Yemen's Iran-aligned Houthis attacked Saudi Aramco's Jazan refinery with a drone, two days after Saudi Arabia signed a defense pact with Turkey and Pakistan.
tehrantimes.com
IRGC: US has accepted defeat in Iran war as Hormuz becomes ‘Geography of Battle’
The Iranian Revolution Guard Corps (IRGC) claims the United States has accepted defeat in its war against Iran, having scaled back its objectives to focus solely on reopening the Strait of Hormuz.
Europe's Next Energy Crisis Won't Be a War, It'll Be Peak Oil
oilprice.com
Europe's Next Energy Crisis Won't Be a War, It'll Be Peak Oil
Europe's next energy crisis won't be a war, but rather peak oil. The continent is facing a severe energy shortage, with oil prices surging due to supply route risks and geopolitical tensions. This crisis has significant implications for the global economy and energy markets.
livemint.com
Trump prepares to declare Iran war victory if Hormuz reopens, willing to walk away without nuclear deal: Report
US President Trump is preparing to declare victory in the Iran war if Tehran fully reopens the Strait of Hormuz and is privately willing to walk away from a nuclear deal.
handelsblatt.com
Iran War: Iran States Demands to US for Reopening Strait of Hormuz
Iran has presented six stringent conditions to the United States for reopening the Strait of Hormuz, a critical global chokepoint for oil and gas, dampening hopes for a swift resolution.
bolnews.com
Turkish firm set to begin offshore drilling operations in Pakistani waters, says minister
Pakistan's Petroleum Minister Ali Pervaiz Malik announced that Turkish Petroleum will soon begin offshore drilling operations in the country's territorial waters. This move aims to attract significant foreign investment to Pakistan's energy sector, which currently imports…
theguardian.com
Yemen’s Houthis claim responsibility for attack on Saudi oil refinery
Yemen's Houthi rebels claimed responsibility for a drone attack on a Saudi Aramco refinery in Jazan, Saudi Arabia, early Sunday. The incident occurred amid heightened regional tensions, with Iran issuing demands regarding the Strait of Hormuz and the UAE reporting an Iran…
theguardian.com
'Like being in prison': the ship crews stuck in Gulf since February
Up to 20,000 seafarers remain trapped in the Gulf as the US-Iran war enters its sixth month, with 17 crew members killed since February and repeated ceasefire deals collapsing shortly after announcement.
U.S. Energy Helps Cushion Global Supply Shock From Hormuz
oilprice.com
U.S. Energy Helps Cushion Global Supply Shock From Hormuz
The Iran war has tightened global refining capacity, leading to a new refining boom. Meanwhile, the U.S. is helping to cushion the global supply shock from the Hormuz Strait by increasing its energy exports.
channelnewsasia.com
UAE says Iran targeted tanker as Oman cites progress in Hormuz talks
The UAE accused Iran of targeting a tanker belonging to its state-owned oil company in the Strait of Hormuz, even as both Iran and Oman suggested talks on administering the vital waterway were progressing.
bbc.co.uk
Oman and Iran in Hormuz Strait Talks; Iran Warns of Conditions for Reopening
Oman and Iran are having positive talks on a deal to secure the Strait of Hormuz, while Iran warns any agreement won't immediately reopen the strait. Oman's foreign ministry warned against attacks that could hinder progress.
Iran Says Hormuz Stays Closed Until U.S. Meets Six Sweeping Demands
oilprice.com
Iran Says Hormuz Stays Closed Until U.S. Meets Six Sweeping Demands
Iran has stated that the Strait of Hormuz will remain closed until the United States meets six sweeping demands. The demands include the withdrawal of US troops from the region, the lifting of sanctions, and the recognition of Iran's sovereignty over its territorial waters.
aljazeera.com
UAE says Iran targeted ADNOC tanker in Strait of Hormuz, no casualties
The United Arab Emirates has accused Iran of striking a tanker owned by the Abu Dhabi National Oil Company (ADNOC) with a missile as it crossed the Strait of Hormuz, drawing swift condemnation from Gulf and Arab governments.
scmp.com
Iran targeted tanker, says UAE, as Tehran says Hormuz deal with Oman close
The UAE accused Iran of targeting a state-owned ADNOC tanker in the Strait of Hormuz, while Iran announced that talks with Oman regarding the strait's management are nearing their final stages.
channelnewsasia.com
Iran says deal on Strait of Hormuz is close but will not open the waterway by itself
Iran said on Saturday that a deal with Oman on control of the Strait of Hormuz was close but would not be enough to free up the waterway. Iranian Foreign Minister Abbas Araqchi said Iran and Oman were 'very close' to agreement on a new shipping route through the Strait of…