The Daily Journal.- Oil prices rose on Tuesday as negotiations between Iran and the United States to reopen the Strait of Hormuz remained stalled, fueling uncertainty over potential supply shortages in the Middle East. In that context, Brent crude, the benchmark for European markets, reached $90.03 per barrel, climbing 2.6% to its highest level since […]
Continue Reading
The Daily Journal.- Oil prices started the week higher as the market grew increasingly skeptical about a potential agreement in the Middle East to reopen the Strait of Hormuz. North Sea Brent crude for October delivery rose 1.29% to $83.55 per barrel. Its U.S. counterpart, West Texas Intermediate (WTI) crude for September delivery, gained 1.15% […]
Continue Reading
The Daily Journal.- Oil prices rose on Friday amid growing uncertainty over a potential agreement between Iran and Oman to reopen the Strait of Hormuz. The market, which had hoped for an imminent solution earlier in the week, turned nervous again after Tehran signaled its intention to ban U.S. and Israeli vessels from passing through […]
Continue Reading
The Daily Journal — Chevron expects to increase its oil production in Venezuela by 15% over the next 18 to 24 months as the Trump administration seeks to expand investment by U.S. energy companies in the country. Chevron’s joint ventures in Venezuela currently produce about 280,000 barrels per day, Chief Financial Officer Eimear Bonner said. […]
Continue Reading
The Daily Journal — As escalating conflicts in the Middle East severely disrupt crude oil flows through the Persian Gulf and the Red Sea, Indian refineries have begun testing Venezuelan crude as a strategic alternative to secure the country’s energy supply, according to a report published by ETEnergyworld.com. An increase in Houthi attacks on commercial […]
Continue Reading
Audio: https://clyp.it/4ea30czb Julio A. López, Editor-in-Chief.— Physical crude oil prices in the Middle East, Europe, and Africa reached two-month highs this week, with some grades approaching $110 a barrel, as supply disruptions linked to the wars in Iran and Ukraine are forcing buyers to scramble for alternative sources of crude. Brent Breaks Through the $100 Ceiling […]
Continue Reading
