oil – Page 20 – Freedom 96.9

Chevron sees Iran war oil boost, warns hedging to weigh

Thursday, April 9 by SRN News

By Sumit Saha April 9 (Reuters) - Chevron said on Thursday it expected first-quarter upstream earnings to rise between $1.6 billion and $2.2 billion from the previous quarter, fueled by higher oil prices due to the Iran war, though an impact from hedging could weigh... Read More.

Exclusive-Iran war doubles Russia’s main oil revenue to $9 billion in April, Reuters calculations show

Thursday, April 9 by SRN News

MOSCOW, April 9 (Reuters) - Russia will see revenue from its biggest single oil tax double to $9 billion in April due to the oil and gas crisis triggered by the U.S. and Israeli attack on Iran, Reuters calculations showed on Thursday. The Reuters calculation... Read More.

Oil prices rise again and Asian stocks retreat on the fragile Iran ceasefire

Thursday, April 9 by SRN News

HONG KONG (AP) - Oil rose again to above $97 a barrel and Asian stocks were trading lower Thursday on skepticism over a fragile ceasefire between the U.S. and Iran. Investors were closely watching whether a two-week ceasefire between the United States and Iran was... Read More.

Goldman Sachs lowers second-quarter 2026 oil price forecasts

Thursday, April 9 by SRN News

April 9 (Reuters) - Goldman Sachs trimmed its second‑quarter 2026 forecasts for Brent and U.S. crude to $90 and $87 a barrel, respectively, late on Wednesday, after the U.S. and Iran agreed on a two-week ceasefire. Previously, the bank forecast Brent and West Texas Intermediate... Read More.

Glencore charters supertanker to load oil from Middle East, sources say

Thursday, April 9 by SRN News

By Florence Tan SINGAPORE, April 9 (Reuters) - Commodities trading firm Glencore has chartered a supertanker to load Middle Eastern crude for Asia, according to a shipping source and LSEG data, likely the first oil tanker to be fixed for the route since the ceasefire... Read More.

Traders place large $950 million bet on oil price falling hours ahead of ceasefire

Wednesday, April 8 by SRN News

By Amanda Cooper, Alex Lawler and Ahmad Ghaddar LONDON, April 8 (Reuters) - Investors placed an approximately $950 million bet on oil prices falling just hours before the U.S. and Iran announced a ceasefire, the latest large wager on the direction of the world's most... Read More.

Global energy stocks plunge as US-Iran ceasefire hits oil

Wednesday, April 8 by SRN News

April 8 (Reuters) - U.S. and European energy stocks slid on Wednesday, as a ceasefire to the Middle East conflict punctured the hefty war premium built into oil prices due to fears of supply disruption through the Strait of Hormuz. Oil fell below $100... Read More.

Takeaways from AP’s story on how oil drilling is fueling a migrant surge in Brazil’s Amazon

Wednesday, April 8 by SRN News

OIAPOQUE, Brazil (AP) - Oiapoque, a remote city in Brazil's northern state of Amapa, is already experiencing several impacts from an anticipated oil-driven economic boom. Since Petrobras, the country's state oil company, began exploratory drilling off the coast of the Amazon rainforest, thousands of... Read More.

Shell flags lower gas output, capital outflow amid Iran conflict but sees oil trading boost

Wednesday, April 8 by SRN News

By Stephanie Kelly and Shadia Nasralla LONDON, April 8 (Reuters) - Shell said on Wednesday that weaker first-quarter gas output and a hit to short-term liquidity would be offset partly by stronger oil trading, offering an early glimpse into how the U.S.-Israeli war on Iran... Read More.

‘I’m going there.’ Oil drilling fuels a migrant surge in isolated city in Brazil’s Amazon

Wednesday, April 8 by SRN News

OIAPOQUE, Brazil (AP) - On a recent morning, Reginaldo Nunes Fonseca smoked cigarettes from the porch of his friend's wooden shack, watching the rain come down hard in an area now known as Nova Conquista - New Conquest - where pristine rainforest in Brazil's... Read More.

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