Tag: Oil

Oil markets are facing the risk of a significant supply overhang by 2027 as global production rebounds faster than demand growth, according to a recent outlook from the International Energy Agency on Wednesday.

Η προοπτική για εκτέλεση δεύτερης ερευνητικής γεώτρησης για υδρογονάνθρακες στην περιοχή του Ιονίου διανοίγεται μετά την είσοδο της αμερικανικής Chevron στο “μπλοκ 10”, στον Κυπαρισσιακό κόλπο, τον οποίο ο Andrew Deighan, Διευθυντής Ερευνών Μέσης Ανατολής και Βόρειας Αφρικής της αμερικανικής πολυεθνικής χαρακτήρισε ως περιοχή “ενδιαφέρουσα και ανεξερεύνητη”

Oil prices declined Thursday after President Donald Trump signed ​a deal ​with his Iranian counterpart Masoud Pezeshkian to end the ​war in the Middle East, while the International Energy Agency flagged a supply glut next year.

Oil extended a slide from the previous session on Friday, as hopes grew that a peace deal between the U.S. and Iran which would reopen the Strait of Hormuz may be signed soon.

Trump threatens to take key Iranian island: President Donald Trump warned Thursday morning the US will hit Iran “VERY HARD TONIGHT” and threatened to take Kharg Island, which handles roughly 90% of Iran’s crude exports.

Oil prices shot higher Wednesday after U.S. President Donald Trump declared that Iran will “pay the price” for being too slow to negotiate a peace deal.

Oil prices edged lower on Thursday, snapping a three-session rally, as investors assess ongoing tensions in the Middle East and signs of tightening U.S. crude supplies.

Oil prices rose on Monday as the U.S. and Iran launched fresh strikes and Israel ordered troops to push deeper into Lebanon, renewing concerns that clashes with the Iran-backed Hezbollah group could threaten a fragile ceasefire between Washington and Tehran.

Oil prices fell early Friday and were on track for their biggest monthly decline since March 2020 as markets grew more confident of a deal between the U.S. and Iran.

Oil prices fell ​nearly 6% to two-week lows on Monday as optimism grew that the United States and Iran ‌were moving closer to a peace deal, even though they remain at odds over key issues such as blockades on the Strait of Hormuz.

Oil prices rose Monday as U.S. President Donald Trump warned that Iran “better get moving” amid a deadlock in peace talks, while experts pointed to record low inventories.

The Venezuelan government announced Wednesday that it has begun a “comprehensive and orderly process” for restructuring its enormous sovereign and state oil company debt.

President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal pushed oil ​prices higher on Monday, fuelling concerns that the 10-week-old conflict will drag on and continue to paralyse shipping through the Strait of Hormuz.

Oil prices fell sharply Wednesday on optimism that the U.S. and Iran were close to an agreement to end the conflict.

Fifty days into the U.S.-Israel war with Iran, tensions escalated again after clashes in the Gulf prolonged shipping disruptions and cast doubt on a fragile ceasefire set to expire this week.

Iran announced Friday it would reopen the Strait of Hormuz for the duration of a 10-day ceasefire between Israel and Hezbollah in Lebanon.

President Donald Trump ordered a naval blockade of the Strait of Hormuz on Sunday, dimming hopes for a quick end to the conflict in the Middle East and escalating a standoff with Iran that has already triggered the worst energy shock in history.

Saudi Arabia’s critical pipeline to the Red Sea suffered a recent attack from Iran, cutting throughput by 700,000 barrels per day.

Oil prices plunged Wednesday after President Donald Trump agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz.

Oil prices hovered around $110 ‌a barrel on Tuesday as a deadline imposed by U.S. President Donald Trump loomed for Iran to open the Strait of Hormuz or be “taken out”.