Articles

  • 4 days ago | businesslive.co.za | Mohi Narayan |Siyi Liu

    Houston — Oil prices slipped more than $3, or 4%, on Monday after Iran attacked the US military base in Qatar in retaliation for US attacks on its nuclear facilities, and took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz. Brent crude futures were down $2.91, or 3.8%, at $74.09 a barrel on Monday. US West Texas Intermediate crude (WTI) eased $2.8, or 3.8%, to $71.06.

  • 4 days ago | businesslive.co.za | Mohi Narayan |Siyi Liu

    New Delhi — Oil prices jumped on Monday to their highest since January as the US’s weekend move to join Israel in attacking Iran’s nuclear facilities stoked supply concerns. Brent crude futures were up $1.52, or 1.97%, to $78.53 a barrel by 5.03am GMT. US West Texas Intermediate crude advanced $1.51, or 2.04%, to $75.35. Both contracts jumped by more than 3% earlier in the session to $81.40 and $78.40, respectively, touching five-month highs before giving up some gains.

  • 5 days ago | marketscreener.com | Mohi Narayan |Siyi Liu

    Published on 06/22/2025 at 20:12, updated on 06/23/2025 at 00:34NEW DELHI (Reuters) -Oil prices jumped on Monday to their highest since January as the United States' weekend move to join Israel in attacking Iran's nuclear facilities stoked supply concerns. Brent crude futures were up $1.52 or 1.97% to $78.53 a barrel as of 0503 GMT. U.S. West Texas Intermediate crude advanced $1.51 or 2.04% to $75.35.

  • 1 week ago | reuters.com | Mohi Narayan |Fransiska Nangoy

    NEW DELHI/JAKARTA, June 20 (Reuters) - Indonesia's Pertamina on Friday sought 200,000 barrels per month of 90-octane grade of gasoline for July-September delivery, according to a document seen by Reuters. It is the state-run company's third term tender between May and June, issued by its trading arm Pertamina Patra Niaga, Reuters record shows. Sign up here. There are no restrictions on the origin of the cargo. Some of the earlier tenders had excluded Singapore-origin cargoes.

  • 1 week ago | zawya.com | Mohi Narayan |Yuka Obayashi

    NEW DELHI: Oil prices were volatile on Monday, after surging 7% on Friday, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East. Brent crude futures were up 6 cents, or 0.08%, to $74.29 a barrel by 0742 GMT, while U.S. West Texas Intermediate crude futures gained 21 cents or 0.29%, to $73.19.

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Mohi Narayan
Mohi Narayan @_mohi_
9 Aug 24

RT @Reuters: Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high ene…

Mohi Narayan
Mohi Narayan @_mohi_
17 Jun 24

RT @shariqrtrs: New: Oil refiners are making less money selling #gasoline as demand during the peak summer driving season has fallen short…

Mohi Narayan
Mohi Narayan @_mohi_
17 Jun 24

RT @ReutersCommods: Global gasoline refining margins slump on slow summer driving season https://t.co/GAn6OXftJB https://t.co/R3st2O7CHp