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Oil prices rise on Middle East conflict
Oil prices post losses for the month and quarter on bets for a supply surplus
Oil futures ended Monday with losses for the session, month and quarter, pressured by expectations that major oil producers will boost production in December — leading to a surplus of supplies as the outlook for demand remained uncertain.
U.S. crude oil on pace for third monthly loss in a row in September
The West Texas benchmark has declined more than 7% for the month, while global benchmark Brent has fallen about 9%.
Oil prices rise on Middle East conflict, but set for monthly loss
Oil prices rose on Monday on fears of a widening conflict in the Middle East curtailing Iranian crude supply, but prices were headed for a third straight monthly loss because of concerns about waning global demand.
Israel, Oil and Hezbollah
Oil markets not pricing in an 'all-out war' after Israel kills Hezbollah leader, but risks persist
Oil prices barely budged after Hezbollah confirmed that its leader was killed on Friday in an Israeli airstrike in the Lebanese capital of Beirut.
Oil prices rise on Middle East supply risks as Israel steps up attacks
Oil prices edged higher on Monday on increasing concerns of potential supply disruptions from the Middle East producing region after Israel stepped up attacks on Iranian-backed forces. Brent crude futures for November delivery increased 16 cents,
Israel claims another Hezbollah leader killed
The Israeli military said Sunday that it killed another high-ranking Hezbollah official in an airstrike as the Lebanese militant group was reeling from a string of devastating blows and the killing of its overall leader,
10h
Oil Forecasts Cut for 5th Straight Month on Demand, OPEC Uncertainty
(Reuters) - Analysts have cut their 2024 oil price forecasts for a fifth consecutive month, citing weaker demand and ...
7h
Big US oil companies reveal massive payments to foreign governments
The three largest U.S. energy exploration companies paid more than $42 billion to foreign governments last year, about eight ...
6h
Oil Update - September 2024
This past month’s movements in oil prices seemed rather severe. Only a few weeks ago, some were talking about Brent oil ...
4h
on MSN
Oil market more focused on Chinese demand than Middle East tensions, says RBC's Helima Croft
Helima Croft, RBC Capital Markets head of global commodity strategy, joins 'Money Movers' to discuss how stable oil supply ...
6h
US oil demand grew to highest seasonal level since 2019 in July, EIA data shows
U.S. oil demand rose in July to the highest seasonal level since 2019 while output declined for the second time in three ...
1h
Second oil company CEO conspired with OPEC to keep prices high, FTC charges
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high.
19h
Former Singapore Oil Mogul to Pay Liquidators, HSBC $3.6 Billion
Singapore’s High Court approved former oil tycoon Lim Oon Kuin’s agreements to pay about $3.59 billion to the liquidators of ...
5h
on MSN
Indian Oil Corp withdraws $2.6 billion rights issue
Refiner Indian Oil Corp is withdrawing its proposed 220 billion rupee ($2.63 billion) rights issue of shares, it said on ...
Opinion
1d
Opinion
Mills: EIA expects oil and natural gas prices to rise
Mills: Crude oil and natural gas prices were flat the first half of September, but the Energy Information Administration ...
10h
Libya Assembly Paves Way to Oil Restart With Central Banker Vote
Libya’s eastern-based parliament approved a new central bank governor, ending a standoff over control of the OPEC member’s ...
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