Brent crude reaches 98.1 USD/bbl amid US-Iran conflict US strikes on Iranian missile launch sites and mine-laying boats have pushed Brent crude to 98.1 USD/bbl. The price action is linked to fragile ceasefire dynamics and evolving US-Iran negotiations. The US con
The Offshore Alliance canceled planned industrial action at the Ichthys LNG facility after progress in pay and conditions talks with operator Inpex. A potential strike at Australia’s Ichthys LNG facility has been called off after the Offshore Alliance union reported progre
Crude oil futures fall below key resistance levels, signaling potential further declines toward $90.90 and $89.41. Light crude oil futures slid 4.98% to near $91.79, extending losses from a prior close at $97.00. The decline reflects strong seller control, with the market
Military action in southern Iran triggers supply concerns, reversing Monday’s 7% oil price decline on peace deal hopes. Brent crude futures jumped 2.34% to $98.39 per barrel in early Asian trading Tuesday after the U.S. military struck Iranian missile sites. The attacks re
Oil prices rise as supply concerns grow following US military action in Iran amid geopolitical tensions. West Texas Intermediate crude oil rebounded to $90.60 per barrel, recovering from four consecutive days of losses. The gain follows US military strikes in southern Iran
Oil prices rebound on supply concerns following US military action targeting Iranian missile sites and vessels near the Strait of Hormuz. West Texas Intermediate crude oil climbs toward $90.60 per barrel in Asian trading, reversing a four-day losing streak. The recovery fo
Crude markets face prolonged high prices as geopolitical tensions and supply concerns outweigh short-term deal speculation. Oil prices briefly dipped below $100 this week on reports of a potential U.S.-Iran deal, but rebounded after President Trump dismissed urgency in neg
India cuts fuel demand growth by 40% due to austerity India's refined petroleum demand growth forecast has been downgraded due to rising crude oil import costs and government-led austerity measures. The new forecast is 77,000 barrels per day, a 40% decrease from the p
Pemex struggles to deliver profits as oil prices exceed $100 Pemex, the Mexican state oil giant, has failed to deliver profits despite the recent surge in oil prices to above $100. The company's struggles come as Moody's affirmed Pemex's ratings, including its 'ca' st
Oil benchmarks retreat nearly $5 per barrel as equities rally and bond yields decline amid broader market optimism. West Texas Intermediate crude approaches the $90 per barrel level, while Brent dips toward the mid-$90s after briefly trading above $100. The decline follows
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