Posts Tagged: Oil Prices
Trump Rejects Latest Iran Proposal, Says Ceasefire on ‘Life Support’
President Donald Trump has swiftly rejected Iran's response to a US peace proposal to end the 10-week-old conflict between the two countries, describing the Iranian...
UAE Leaves OPEC in Blow to Global Oil Producers’ Group
The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers' group as an unprecedented energy crisis caused by the...
Mediators Still Seek to Bridge US, Iran Gaps Despite No Face-to-Face Talks
Work has not halted to bridge gaps between the United States and Iran, sources from mediator Pakistan said, despite the absence of face-to-face diplomacy after President Donald Trump called off a trip by...
Iran Is Blowing Maritime Law Out of the Water
In the war between Iran and the joint force of the US and Israel, the Islamic Republic's strongest tactic is to obstruct shipping in its...
Trump Says US Will Hit Iran ‘Very Hard’ After Easing Sanctions on Russian Oil
President Donald Trump said the US was going to be hitting Iran "very hard over the next week," shortly after issuing a partial 30-day waiver for purchases of sanctioned Russian oil, hoping...
Iran’s New Supreme Leader Vows to Keep Hormuz Shut, Netanyahu Issues Threat
Iran will fight on and keep the Strait of Hormuz shut as leverage against the United States and Israel, new Supreme Leader Mojtaba Khamenei said...
Iran Conflict Widens to Lebanon, Kuwait Mistakenly Downs US Jets
The US and Israeli air war against Iran widened on Monday, with no end in sight as Israel attacked Lebanon in response to strikes by Hezbollah and Tehran...
Oil Prices Likely to Move Higher on Venezuelan Turmoil, Ample Supply to Cap Gains
Oil prices are likely to move higher when benchmark futures resume trading later on Sunday on concern that supply may be disrupted after the United...
Oil Drops on Recession Concerns, Heading for Weekly Fall
Oil prices fell almost 2 percent on Friday and were on track for a weekly decline as interest rate hikes from major central banks fueled...
Oil Prices Tick Up Alongside European Shares, Saudi Blast Reports
Oil prices ticked up on Tuesday alongside rising European shares and amid reports of a blast in Saudi Arabia, trading near 11-month highs. Brent crude was...
Oil Touches Fresh 11-Month Highs After US Inventory Fall
Oil prices were steady on Thursday after hitting fresh 11-month highs on a fall in US stockpiles and in the wake of a pledge by...
Oil Extends Gains After Surprise Saudi Output Cut
Oil prices extended gains on Wednesday, rising to their highest since late February, after Saudi Arabia announced a big voluntary production cut, and as an...
Oil Prices Up $1 on OPEC Output Cut Talks, Iran Tension
Oil prices rose by around $1 on Tuesday as tension simmered following Iran's seizure of a South Korean vessel and as the OPEC+ group studied...
Fear of Recession in US Triggers Slide in Oil Market
Oil fell by three points to below $58 a barrel on Thursday, extending the previous session's 3% drop, pressured by mounting recession concerns and a...
