Daily Headlinez Top News Updates
Oil prices surged sharply on Tuesday, with Brent crude climbing above the $110 per barrel mark and US West Texas Intermediate (WTI) crude trading above $100, as supply concerns intensified amid the widening conflict in the Middle East.Brent crude rose $2.26, or about 2 per cent, to $115.04 a barrel in early trade, after hitting…
The Middle East crisis has left oil markets on edge, and the volatility is expected to continue. Prices are likely to stay high, even as forecasts vary on how long the surge will last, with the ongoing conflict still disrupting global supplies. Prices edged lower on Friday but held firmly above the $100 mark, reflecting…
NEW DELHI: Following a temporary waiver issued by the US administration on sanctioned Iranian oil stranded at sea, Indian refiners on Saturday said they would be keen to buy the crude, even as Tehran maintained that no surplus stocks existed.US treasury secretary Scott Bessent announced the waiver on Friday, saying that by temporarily unlocking this…
Crude oil prices showed slight relaxation on Wednesday as tensions continue to boil in the Middle East. Brent crude climbed 3.2% to $103.42 a barrel before slipping $1.15, or 1.11%, to $102.27 a barrel, by 0108 GMT. US West Texas Intermediate crude fell $1.54, or 1.6%, to $94.67. The gains initially marked oil’s second-highest close…
As the Middle East crisis escalate and Iran continues to choke Strait of Hormuz, Saudi Arabia has moved to pitched another option to its long-term oil buyers. The kingdom is offering long-term buyers the choice to receive their April crude shipments through its Red Sea port of Yanbu, amid ongoing disruptions in the Strait of…
At least one person has died and two oil tankers caught fire in the Persian Gulf off the coast of Basra, Iraq on Wednesday, after explosions that officials suspect were caused by an attack.Reuters reported that explosive-laden Iranian boats may have struck the vessels, citing preliminary findings from an Iraqi-led investigation into the incident. The…
The United States has given “permission” to India to buy Russian oil already stranded at sea, granting a temporary waiver to help stabilise global oil supplies amid disruptions caused by the escalating conflict in West Asia.US Treasury Secretary Scott Bessent praised India as a “very good actor” for previously complying with Washington’s request to halt…
Russia on Friday said it would not disclose details of Russia’s crude oil exports to India, citing security and geopolitical concerns amid heightened tensions in global energy markets, reported PTI.Kremlin spokesman Dmitry Peskov said Moscow would keep the figures confidential and would not release quantitative information about oil shipments to India.“No, of course, we’re not…
Russia on Tuesday claimed that India has signalled “renewed interest” in importing larger volumes of Russian crude oil as disruptions mount in global energy supplies following the closure of the Strait of Hormuz after US and Israeli strikes on Iran.The Strait of Hormuz, the world’s most critical oil shipping chokepoint, has been facing disruptions after…
