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Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
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"We Are Ready To Deliver Oil": Iranian Ambassador To India
Iranian Envoy Dr Iraj Elahi on Friday said despite US sanctions Tehran is ready to supply oil to India as both countries have close ties.
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Oil Pares Gains And Retreats On Possible Iran Supply Boost
Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market.
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Oil Rebounds As New Iran Sanctions Fuel More Supply Concerns
The rise in oil prices comes after the US announced new sanctions on Iran, and as energy markets stayed focused on supply concerns that have sent prices soaring this year.
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Oil Prices Reverse Losses And Rises To Over $105 A Barrel
Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).
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Crude Oil Hits 4-Month High As Iran Strike On US Forces Jolts Markets
Iran's missile attack on US-led forces in Iraq came early on Wednesday, hours after the funeral of Qassem Soleimani, the commander of the country's elite Quds Force killed in a US drone stroke on January 3.
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Sensex, Nifty Likely To Open Higher Today
Oil surrendered hefty gains as some speculated Iran would be unlikely to strike against the US in a way that would disrupt supplies, and its own crude exports.
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Rupee Declines To End At 71.93 Against Dollar As Crude Oil Price Rises
The rupee moved lower against the US dollar on Monday as crude oil prices continued to rise amid supply concerns. The rupee started lower at 72.03 against the US currency in intraday trade on Thursday, and dropped to as low as 72.11 during the day before paring some of those losses by the end of the session. Rising crude oil prices as escalating te...
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Saudi To Meet Any Oil Supply Shortage To India From Other Sources: Envoy
Notwithstanding the biggest-ever attacks on its oil facilities, Saudi Arabia has said it is committed to meet India's energy security needs and will work constructively with other oil producers to maintain market stability.
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Who Can Boost Crude Supply To Offset Saudi Oil Attacks? Here's A List
Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It's not a long list and much may not be accessible.
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British Marines Help Seize Tanker Suspected Of Carrying Iran Oil To Syria
British Royal Marines in fast boats and helicopters on Thursday seized a supertanker suspected of carrying Iranian oil to Syria near the Mediterranean peninsula of Gibraltar, the first such detention of a ship under the terms of European sanctions targeting supplies to Syria.
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Saudi King Salman Warns "Terror" Attacks Could Threaten Global Oil Supply
Saudi Arabia's King Salman on Saturday warned that "terrorist" attacks in the region could imperil global oil supplies.
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Saudi Aramco To Supply Extra Crude To Indian Oil From July
IOC, which was the biggest Indian buyer of Iranian oil in 2018/19, has not signed an annual contract to buy oil from Iran this fiscal year.
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US Can't Ensure Cheaper Oil Supplies To India, Says Trade Secretary
The US government will not ensure sale of its oil to India at cheaper rates as the commodity is controlled by private companies, US commerce secretary Wilbur Ross said on Monday.
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Ready To Deal With Impact Of US Sanctions On Iran, Says India
India is ready to deal with the impact of US sanctions against Iran and will get extra supplies from other oil producing countries to compensate for loss of Iranian oil, foreign ministry spokesman Raveesh Kumar said today.
-
Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
-
"We Are Ready To Deliver Oil": Iranian Ambassador To India
Iranian Envoy Dr Iraj Elahi on Friday said despite US sanctions Tehran is ready to supply oil to India as both countries have close ties.
-
Oil Pares Gains And Retreats On Possible Iran Supply Boost
Oil prices dipped in early trade on Tuesday on the latest progress in last-ditch talks to revive the 2015 Iran nuclear accord, which would clear the way to boost its crude exports in a tight market.
-
Oil Rebounds As New Iran Sanctions Fuel More Supply Concerns
The rise in oil prices comes after the US announced new sanctions on Iran, and as energy markets stayed focused on supply concerns that have sent prices soaring this year.
-
Oil Prices Reverse Losses And Rises To Over $105 A Barrel
Oil prices reverse early losses and rise to over $105 a barrel on Monday in volatile trade as supply concerns continue from the Ukraine war and the lack of clarity on Iran oil, despite expected supply boost from the release of strategic reserves by the US and the International Energy Agency (IEA).
-
Crude Oil Hits 4-Month High As Iran Strike On US Forces Jolts Markets
Iran's missile attack on US-led forces in Iraq came early on Wednesday, hours after the funeral of Qassem Soleimani, the commander of the country's elite Quds Force killed in a US drone stroke on January 3.
-
Sensex, Nifty Likely To Open Higher Today
Oil surrendered hefty gains as some speculated Iran would be unlikely to strike against the US in a way that would disrupt supplies, and its own crude exports.
-
Rupee Declines To End At 71.93 Against Dollar As Crude Oil Price Rises
The rupee moved lower against the US dollar on Monday as crude oil prices continued to rise amid supply concerns. The rupee started lower at 72.03 against the US currency in intraday trade on Thursday, and dropped to as low as 72.11 during the day before paring some of those losses by the end of the session. Rising crude oil prices as escalating te...
-
Saudi To Meet Any Oil Supply Shortage To India From Other Sources: Envoy
Notwithstanding the biggest-ever attacks on its oil facilities, Saudi Arabia has said it is committed to meet India's energy security needs and will work constructively with other oil producers to maintain market stability.
-
Who Can Boost Crude Supply To Offset Saudi Oil Attacks? Here's A List
Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It's not a long list and much may not be accessible.
-
British Marines Help Seize Tanker Suspected Of Carrying Iran Oil To Syria
British Royal Marines in fast boats and helicopters on Thursday seized a supertanker suspected of carrying Iranian oil to Syria near the Mediterranean peninsula of Gibraltar, the first such detention of a ship under the terms of European sanctions targeting supplies to Syria.
-
Saudi King Salman Warns "Terror" Attacks Could Threaten Global Oil Supply
Saudi Arabia's King Salman on Saturday warned that "terrorist" attacks in the region could imperil global oil supplies.
-
Saudi Aramco To Supply Extra Crude To Indian Oil From July
IOC, which was the biggest Indian buyer of Iranian oil in 2018/19, has not signed an annual contract to buy oil from Iran this fiscal year.
-
US Can't Ensure Cheaper Oil Supplies To India, Says Trade Secretary
The US government will not ensure sale of its oil to India at cheaper rates as the commodity is controlled by private companies, US commerce secretary Wilbur Ross said on Monday.
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Ready To Deal With Impact Of US Sanctions On Iran, Says India
India is ready to deal with the impact of US sanctions against Iran and will get extra supplies from other oil producing countries to compensate for loss of Iranian oil, foreign ministry spokesman Raveesh Kumar said today.
