oil – Page 12 – Freedom 96.9

Inflation hits 3% in Europe as Iran war spreads oil price shock

Thursday, April 30 by SRN News

FRANKFURT, Germany (AP) - Soaring oil prices from the Iran war pushed inflation higher in Europe in April as growth continued to underperform in a worrying combination both for consumers and policymakers at the European Central Bank. Annual inflation in the 21 countries that use... Read More.

Analysis: US blockade is squeezing Iran’s all-important oil industry

Thursday, April 30 by SRN News

DUBAI, United Arab Emirates (AP) - Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and... Read More.

Oil prices extend gains as US-Iran war deadlock keeps supply off market

Wednesday, April 29 by SRN News

By Colleen Howe BEIJING, April 30 (Reuters) - Oil prices extended gains on Thursday on concerns supply from the key Middle East producing region will remain bottled up for longer as talks to end the U.S.-Israeli war against Iran have deadlocked. Brent crude futures for... Read More.

Tech shares rise in Asia, bonds scarred by central bank hawks as oil spikes

Wednesday, April 29 by SRN News

By Stella Qiu SYDNEY, April 30 (Reuters) - AI-related shares fared well in Asia on Thursday after a raft of generally positive earnings reports, while surging oil prices left bonds battered as central banks turned more hawkish on inflation and interest rates. Investors feared the... Read More.

OPEC+ set to agree another oil output hike without UAE, sources say

Wednesday, April 29 by SRN News

By Alex Lawler and Dmitry Zhdannikov LONDON, April 29 (Reuters) - Seven members of OPEC+ are likely to agree another increase in oil output targets when they meet on Sunday, three sources with knowledge of discussions told Reuters, lowering the size of the increase to... Read More.

US oil stocks plummet, country becomes net crude exporter on weekly basis for first time, EIA says

Wednesday, April 29 by SRN News

By Liz Hampton and Arathy Somasekhar DENVER, April 29 (Reuters) - U.S. oil stockpiles plunged last week as surging global demand amid the Iran war turned the United States into a net crude exporter on a weekly basis for the first time on record, the... Read More.

Aircraft lessor AerCap says prolonged high oil prices could bring opportunities

Wednesday, April 29 by SRN News

DUBLIN, April 29 (Reuters) - Higher fuel prices for between three and six months would pressure the airline industry, but could bring benefits for aircraft lessors, the world's largest aircraft leasing company, AerCap said on Wednesday. Prolonged high fuel prices could contribute to an acceleration... Read More.

Trump meets with oil executives as Iran stalemate drags on, Axios reports

Wednesday, April 29 by SRN News

April 29 (Reuters) - U.S. President Donald Trump and his top officials met with oil and gas executives including Chevron CEO Mike Wirth at the White House on Tuesday to discuss the energy fallout of the Iran war and other topics, Axios reported on... Read More.

Asian stocks gain and oil prices decline after the UAE says it will exit OPEC

Wednesday, April 29 by SRN News

HONG KONG (AP) - Stocks mostly advanced in Asia on Wednesday despite losses on Wall Street, while oil prices fell after the United Arab Emirates said it would leave OPEC in a blow to the powerful oil cartel. U.S. futures edged higher. Markets in Japan were... Read More.

Oil rises on reports US will extend Iran blockade, prolonging Mideast supply disruptions

Tuesday, April 28 by SRN News

By Sam Li and Lewis Jackson BEIJING, April 29 (Reuters) - Oil prices rose on Wednesday, extending a multi-day rally, on reports the U.S. will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing region. U.S. President Donald Trump... Read More.

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