oil – Page 22 – Freedom 96.9

OPEC+ debates theoretical oil output hike amid Iran war paralysis, sources say

Sunday, April 5 by SRN News

By Olesya Astakhova, Alex Lawler and Ahmad Ghaddar MOSCOW/LONDON, April 5 (Reuters) - OPEC+ may approve an oil output increase on Sunday, four sources from the group said, a rise that will largely exist on paper as its key members are unable to raise... Read More.

India makes first Iranian oil buy in seven years with no payment problems

Saturday, April 4 by SRN News

By Nidhi Verma April 4 (Reuters) - Indian refiners have purchased Iranian oil amid the Middle East conflict that has disrupted supplies through the Strait of Hormuz, the oil ministry said on Saturday. The world's third-biggest oil importer and consumer, India has not received a cargo... Read More.

Trump administration to rejoin offshore drilling agencies separated after 2010 Gulf oil spill

Friday, April 3 by SRN News

WASHINGTON (AP) - The Trump administration said Friday it is combining two agencies that were separated in the aftermath of the 2010 Gulf oil spill. The Interior Department said the overhaul would increase efficiency and speed up permitting for offshore oil and gas drilling. The... Read More.

Pakistanis face unprecedented fuel price rise of up to 54% as global oil price spikes

Friday, April 3 by SRN News

ISLAMABAD (AP) - Pakistanis faced record fuel price increases Friday, as petrol and diesel prices rose by up to 54% driven by the war in the Middle East that has caused global oil prices to surge. The increase adds pressure to a cash-strapped nation... Read More.

US hiring likely improved last month, but Iran war and oil prices could take a toll later in 2026

Friday, April 3 by SRN News

WASHINGTON (AP) - The U.S. job market likely rebounded last month from a dismal February. But the improvement may not last long as the American economy absorbs fallout from the Iran war and a surge in oil prices. The Labor Department is expected to report... Read More.

Oil prices surge while Asian share prices rise moderately

Friday, April 3 by SRN News

TOKYO (AP) - Oil prices continued to surge on worries of a prolonged Iran war but the Asian markets that were open Friday rose moderately in cautious trading, while others were closed for the Good Friday holidays. Benchmark U.S. crude rose 11.4% to $111.54 a... Read More.

Kuwait says Mina al-Ahmadi oil refinery hit by Iranian drones

Friday, April 3 by SRN News

DUBAI, United Arab Emirates (AP) - Iranian drones struck Kuwait's Mina al-Ahmadi oil refinery Friday, sparking fires at the facility. The state-run Kuwait Petroleum Corp. issued a statement on the attack and said firefighters were working to control the blazes . There were no injuries reported,... Read More.

Trading Day: Oil Strait back up again

Friday, April 3 by SRN News

By Jamie McGeever ORLANDO, Florida, April 2 (Reuters) - World markets reeled on Thursday, with stocks mostly lower and U.S. oil soaring 11% after President Donald Trump indicated there will be no let-up in the war on Iran, meaning the Strait of Hormuz won't be... Read More.

J.P. Morgan warns oil could top $150 if disruptions persist into mid‑May

Thursday, April 2 by SRN News

April 2 (Reuters) - Oil prices could spike to $120-$130 per barrel in the near term, with a risk of surging above $150 if supply flows through the Strait of Hormuz remain disrupted into mid-May, J.P. Morgan said in a note on Thursday. J.P. Morgan's... Read More.

Fed’s Logan says US oil producers unlikely to provide near-term relief for consumers

Thursday, April 2 by SRN News

By Michael S. Derby April 2 (Reuters) - Dallas Federal Reserve President Lorie Logan said on Thursday that U.S. oil producers are unlikely to boost output and shield consumers from higher gasoline prices any time soon. The price U.S. producers say they need to see to... Read More.

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Stories tagged with: oil

OPEC+ debates theoretical oil output hike amid Iran war paralysis, sources say

India makes first Iranian oil buy in seven years with no payment problems

Trump administration to rejoin offshore drilling agencies separated after 2010 Gulf oil spill

Pakistanis face unprecedented fuel price rise of up to 54% as global oil price spikes

US hiring likely improved last month, but Iran war and oil prices could take a toll later in 2026

Kuwait says Mina al-Ahmadi oil refinery hit by Iranian drones

Trading Day: Oil Strait back up again

J.P. Morgan warns oil could top $150 if disruptions persist into mid‑May

Fed’s Logan says US oil producers unlikely to provide near-term relief for consumers

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