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US eases some Russian oil sanctions but crude prices stay high

Friday, March 13 by SRN News

The U.S. is temporarily easing some sanctions on Russian oil shipments, reflecting global concerns over sharply higher crude prices due to supply shortages stemming from the Iran war. The move, intended to soothe jittery markets over the disruption of Middle Eastern oil and gas supplies,... Read More.

Factbox-Biggest global oil supply disruptions in history

Friday, March 13 by SRN News

March 13 (Reuters) - The International Energy Agency said the closure of the Strait of Hormuz has triggered the largest disruption to global oil markets in history, with supply expected to fall by about 8 million barrels per day in March, or around 8%. The... Read More.

Analysis-Iran unleashes oil shock to blunt US firepower

Friday, March 13 by SRN News

By Samia Nakhoul DUBAI, March 13 (Reuters) - Long before the U.S. and Israel attacked Iran, the Islamic Republic had devised its own weapon: holding the world's main oil lifeline hostage to offset its foes' military superiority, three regional sources familiar with Iranian planning said. For... Read More.

Asia shares mostly lower and oil hovers around $100 a barrel over Iran war worries

Friday, March 13 by SRN News

HONG KONG (AP) - Asia shares were mostly lower on Friday, tracking Wall Street losses, while oil prices hovered around $100 per barrel as anxiety remained over the Iran war and its impact on supplies of crude oil and gas. Tokyo's Nikkei 225 index... Read More.

Oil drops after US issues license for countries to buy Russian oil stranded at sea for 30 days

Friday, March 13 by SRN News

By Sam Li and Lewis Jackson BEIJING, March 13 (Reuters) - Oil prices dropped on Friday morning after the U.S. issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea, easing supply concerns. Brent futures dropped 71 cents, or... Read More.

Asian stocks slide as Iran war keeps oil near $100, dents rate-cut bets

Friday, March 13 by SRN News

By Ankur Banerjee SINGAPORE, March 13 (Reuters) - Asian stocks slumped on Friday, poised for a second straight weekly decline as fast-dwindling hopes of a resolution to the U.S. and Israel's war with Iran kept oil prices aloft, casting a shadow over global markets and... Read More.

US allows countries to buy Russian oil stranded at sea for 30 days

Friday, March 13 by SRN News

By Ismail Shakil March 12 (Reuters) - The United States issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the... Read More.

Trading Day: The destructive power of $100 oil

Thursday, March 12 by SRN News

ORLANDO, Florida, March 12 (Reuters) - Global stocks fell on Thursday, slammed by a 10% spike in oil prices, spiking bond yields and a stronger dollar, all of which point to a deteriorating outlook for consumers, businesses and economic growth. In my column today... Read More.

Exchanges oppose potential US Treasury intervention in oil futures market

Thursday, March 12 by SRN News

By Anirban Sen BOCA RATON, Florida, March 12 (Reuters) - The heads of a number of top exchanges, including CME Group and Toronto Stock Exchange parent TMX Group, oppose any potential intervention from the U.S. government involving the oil futures market, amid rising energy prices... Read More.

World faces largest-ever oil supply disruption on Middle East war, IEA says

Thursday, March 12 by SRN News

By Alex Lawler LONDON, March 12 (Reuters) - The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to... Read More.

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Stories tagged with: oil

US eases some Russian oil sanctions but crude prices stay high

Factbox-Biggest global oil supply disruptions in history

Analysis-Iran unleashes oil shock to blunt US firepower

Asia shares mostly lower and oil hovers around $100 a barrel over Iran war worries

Oil drops after US issues license for countries to buy Russian oil stranded at sea for 30 days

Asian stocks slide as Iran war keeps oil near $100, dents rate-cut bets

US allows countries to buy Russian oil stranded at sea for 30 days

Trading Day: The destructive power of $100 oil

Exchanges oppose potential US Treasury intervention in oil futures market

World faces largest-ever oil supply disruption on Middle East war, IEA says

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