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News
Petrol price panic as Middle East tension flares
22+ hour, 42+ min ago (684+ words) Perth drivers have begun preparing for more pain at the bowser after global oil exports were threatened by Yemen rebels capturing an island at the entrance to the Red Sea, one of the world’s key shipping lanes. Only six months…...
Commodity Corner: Oil extends gains amid Middle East supply disruption fears; gold slips on rate hike bets- Moneycontrol.com
6+ day, 21+ hour ago (209+ words) Commodity markets traded mixed on September 7, with oil prices extending gains amid escalating US-Iran tensions and growing concerns over prolonged supply disruptions from the Middle East, while gold remained under pressure after stronger-than-expected US payrolls data. Oil prices extended gains…...
Energy Prices May Remain Elevated Amid New Middle East Dynamics
1+ week, 2+ day ago (67+ words) The price of oil moved above $90 a barrel recently, and according to TD Asset Management's Humza Hussain, new dynamics in the Middle East conflict could keep energy prices higher for longer. - Changing dynamics in the Middle East conflict may keep…...
Asia gas jumps to highest since 2022 after Middle East flare-up- Moneycontrol.com
1+ week, 3+ day ago (240+ words) Liquefied natural gas prices in Asia rose to the highest in more than three years after hostilities between the US and Iran escalated, raising concerns over prolonged disruptions to flows through the Strait of Hormuz. Spot LNG climbed to $25.908 per…...
Oil prices rise on escalation in Middle East
1+ week, 3+ day ago (385+ words) LONDON, Sept 3 (Reuters) - Oil prices rose on Thursday after U.S. strikes on Iran and renewed Israeli threats against Tehran revived concerns about disruptions to Middle East supplies. Brent crude futures were up 59 cents, or 0.62%, at $96.22 a barrel by 1327 GMT while U....
The Trump Administration says more oil exited the Middle East this week than before the Iran war, but the data says otherwise
1+ week, 4+ day ago (669+ words) U.S. Energy Secretary Chris Wright raised eyebrows in energy markets Wednesday when he said more oil exports left the Middle East on Monday—between the Strait of Hormuz and alternative routes—than before the beginning of the Iran war. While crude…...
Middle Eastern country to buy defense aircraft for $4.5 billion
3+ week, 3+ day ago (203+ words) The State Department has approved a $4.5 billion deal for Qatar to buy four aerial-refueling aircraft. The principal contractors are Boeing, Pratt & Whitney Military Engines, RTX and Northrop Grumman, per a Aug. 20 notification to Congress. In addition to spares for various…...
Powerus Wins $22.3 Million Middle East Oil Infrastructure Security Deal
3+ week, 3+ day ago (277+ words) Oil Prices Head for Second Straight Weekly Gain as Iran Risks Mount Rystad Energy cuts its Russian… Syria is reclaiming its oil… U.S.-based Autonomous Power Corporation, which operates as Powerus, has signed a commercial contract worth approximately $22.3 million…...
Commodities: Oil Near $90 On Escalating Middle East Risks
4+ week, 10+ hour ago (134+ words) Oil remains supported near $90/bbl by Middle East tensions and attacks on vessels in the Strait of Hormuz ICE Brent traded just below $90/bbl in early Asian trading, extending Monday’s gains. Prices... - ICE Brent traded just below $90/bbl in early…...
European shares subdued ahead of euro zone employment data; focus on Middle East (August 13) - AOL
1+ mon, 22+ min ago (484+ words) (Corrects headline and paragraphs 1 and 9 in August 13 story to say euro zone employment data, not inflation data, is due on Friday) By Tharuniyaa Lakshmi, Ragini Mathur and Utkarsh Hathi Aug 13 (Reuters) - European shares were muted on Thursday as investors awaited…...