On April 14, 2024, 7:50 AM Oil prices spiked on Friday morning following reports of heightened tensions between Iran and Israel, with the possibility of an Iranian attack on Israeli soil looming within the next 24 to 48 hours. The Wall Street Journal, citing American intelligence reports, revealed this development, sending shockwaves through global oil […]
Oil Prices Surge on Fears of an Imminent Iranian Attack Read More »
The attack triggered anti-aircraft defenses in Israel, as well as prompted its allies, including the United States and the United Kingdom to scramble jets from their bases in the Middle East in an effort to shoot down the projectiles before they reach their targets, RT reports. Iran launched several waves of attacks against Israel overnight,
Israel Intercepts Iran’s Attack With U.S. Support, Says Minor Damage Caused Read More »
Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Apr 13, 2024, 6:00 PM CDT The latest U.S. consumer price index revealed an increase of 3.5% for March on an annual basis. The Federal Reserve’s
Central Banks Grapple With Inflation Threat Amid Oil Price Rally Read More »
6:16PM Signing off… Thanks for joining us on the blog this week. We’ll be back next week with all the latest from the markets, but I’ll leave you with news that the the billionaire Bitcoin brothers Cameron and Tyler Winklevoss have become co-owners of a semi-professional football team in England. American twins Cameron, left, and
Oil hits six-month high as Israel braces for Iran attack Read More »
Oil prices rose today, April 12, as the Middle East tension escalation raised the risk of supply disruptions from the oil-producing region, though the market is set for a weekly loss on expectations of fewer US interest rate cuts this year. Brent crude futures increased 0.9%, or $0.79, to $90.53 a barrel, at 9:00 GMT.
Oil prices rebound as Middle East tensions escalate Read More »
WTI trades back above $86 after whipsawing around it this week. Oil price rises near 1% despite EIA calls for a negative outlook on Oil demand. The US Dollar Index surges close to 106.00 and sets forth a fresh five-month high. Oil prices are jumping higher again on Friday after the small 0.75% decline from
Oil rallies over 2% with Middle East tensions nearing war status Read More »
This article was produced by National Geographic Traveller (UK). Rome, Venice, Capri — the list of locations for the new Netflix series, Ripley, reads like the recipe for a bucket-list trip through the best of Italy. Patricia Highsmith was inspired to write The Talented Mr Ripley, the book on which the series is based, during
Ripley, White Lotus and more: why Hollywood is obsessed with Italy Read More »
Premium Illustration: Binay Sinha Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices. An increase in companies’ core
Crude realisation: Oil’s slick grip threatens corporate margins, profits Read More »
The group, whose estate currently comprises 58 bars and 22 pubs under the Revolution, Revolución de Cuba and Peach Pubs brands, says that without the additional funding and the cost savings delivered through the restructuring plan it would face liquidity pressures from the first quarter of next year. It follows the closure of eight sites
Revolution Bars plots further closures as it sets out restructuring plan Read More »
Crude oil imports averaged 6.4 million bpd, declining by 183,000 bpd from the previous week. Crude oil imports were slighly lower than the four-week average of 6.5 million bpd. Strategic Petroleum Reserve increased from 363.8 million to 364.2 million as U.S. continued to buy oil for strategic reserves. Domestic oil production remained unchanged at 13.1
Crude Inventories Increased By 5.8 Million Barrels, Exceeding Analyst Expectations Read More »
