Rosneft begins oil shipments from Vostok Oil project in Arctic
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Brent crude, the global benchmark for oil, rose on Monday, while the national average price of gas was $4. 15 a gallon.
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Vandana Hari, Founder of Vanda Insights, says oil prices are likely to continue a slow and steady climb as the U. S. and Iran remain locked in a cycle of escalation around the Strait of Hormuz.
Palm oil rose as traders weighed the risk of supply disruptions from forest fires raging across Indonesia, the world’s biggest producer.
Emerging-market equities rallied at the start of the week as optimism over new AI models boosted heavyweight tech stocks, helping counter the drag on sentiment from higher oil prices.
Global oil markets are showing fresh signs of strain after months of war, as conflict-weary traders, anxious buyers, and under-pressure executives huddle in Singapore for the region’s main industry gathering.
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The Philippine peso just can’t catch a break.
Brent crude, the global benchmark for oil, was up about 1 percent as trading resumed on Sunday, while the national average price of gas was nearly $4. 15 a gallon.
Asian stocks rose after US technology shares advanced on Friday. Oil climbed after the US and Iran traded tanker attacks in the Strait of Hormuz.
Technology shares led gains in Asian equities following a rally in their US info-tech peers on Friday. Oil climbed after the US and Iran exchanged attacks involving tankers in the Strait of Hormuz.
Oil climbed after the US attacked Iranian tankers and Tehran declared a new restricted zone outside the Strait of Hormuz, raising concerns about prolonged disruptions to energy flows through the waterway.
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Energy Secretary Chris Wright said on Sunday that the U. S. has “a lot of leverage” over Venezuela after the Trump administration reached a deal with the latter government to grant it control of more than 65 billion barrels of oil.
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The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U. S. and Iranian military strikes in the Persian Gulf.
Iran on Sunday threatened a "more painful" response to U. S. strikes on three Iranian oil tankers.
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Developing story — details emerging. Check the source link for the latest updates.