oil price rollback Headlines

  • Oil prices to go up this week

    After three consecutive weeks of price rollback, local pump prices are expected to increase this week after the attack on two oil tankers in the Middle East. by Danessa Rivera

    philstar.com
  • Over P2 rollback in pump prices set

    Hefty fuel price cuts are expected next week after global crude prices slumped due to slower demand and supply build up. by Danessa Rivera

    philstar.com
  • Iran is trying to jack up oil prices. Will it work?

    When it comes to oil markets, Iran's options are limited.

    POLITICO
  • Oil price keeps rising as Iran tensions build

    Rolling coverage of the latest economic and financial news, as Bank of Scotland is rebuked over its handling of fraud at its Reading branchHBOS fraud: £45m fine over bank’s failingsEarlier:Chipmaker IQE says Huawei ban is hurting global techIQE cuts revenue and profit forecasts 11.34am BST The latest UK public finances don’t paint a cheery picture. Britain borrowed £5.1bn, £1.0bn more than in May 2018 and around a billion pounds more than the City expected.Borrowing in the financial...

    the Guardian
  • The Latest: Oil firms commit to 'meaningful' carbon pricing

    Some of the world's major oil producers have committed to supporting "economically meaningful" carbon pricing regimes at the end of a Vatican summit on climate change

    ABC News
  • Major oil companies commit to carbon pricing at Vatican

    Major oil producers commit to supporting "economically meaningful" carbon pricing regimes after Vatican summit on climate change and a personal appeal from Pope Francis

    ABC News
  • Major oil companies commit to carbon pricing at Vatican

    VATICAN CITY (AP) - Some of the world's major oil producers committed Friday to supporting "economically meaningful" carbon pricing regimes after a Vatican climate summit and a personal appeal from Pope Francis to avoid "perpetrating a brutal act of injustice" against the poor and future generations. The companies, including ExxonMobil,

    The Washington Times
  • Major oil companies commit to carbon pricing at Vatican

    VATICAN CITY (AP) " Some of the world's major oil producers committed Friday to supporting "economically meaningful" carbon pricing regimes after a Vatican climate summit and a personal appeal from Pope Francis to avoid "perpetrating a brutal act of injustice" against the poor and future generations.The companies, including ExxonMobil, BP, Royal Dutch Shell, Total, Chevron and Eni, said in a joint statement that governments should set such pricing regimes at a level that encourages [

    The Palm Beach Post
  • How Tanker Attacks on a Skinny Waterway Could Affect Oil Prices

    The Strait of Hormuz, the gateway for a third of all crude oil by tanker, has become a security risk that could threaten the oil market.

    www.nytimes.com
  • Oil price jumps after Gulf of Oman tanker 'attacks'

    Rolling coverage of the latest economic and financial news, as tanker fires send crude prices soaringOil tanker incident in Gulf of OmanTwo tankers hit - Front Altair and Kokuka CourageousOil jumps over 3%, lifting Brent crude to $62/barrelTanker manager: Crew safe after suspected attacks 11.34am BST Financial investors around the globe are closely watching developments in the Middle East today, says Mihir Kapadia, the CEO of Sun Global Investments: He warns that any US retaliation to today’s...

    the Guardian
  • Another Sign of Economic Worry: Tumbling Oil Prices

    Prices have dropped more than 20 percent since late April as investors worry that growth is slowing and trade disputes could slow growth further.

    www.nytimes.com
  • Don't let oil prices drive Iran policy, Mr. President

    Iran's escalation of hostility in the Gulf of Oman is a dangerous situation. Targeting civilian oil and chemical tankers, Iran is threatening free passage of a critical global trade route.

    Washington Examiner
  • Rise in price of oil pushes energy stocks, market higher

    Energy stocks helped push the broader market higher as oil prices spiked after a suspected tanker attack in the Strait of Hormuz

    ABC News
  • How oil tanker attacks in Oman affect gas prices in Canada

    Canadians can expect to see an "unpredictable" summer at the pumps amid global trade tensions and oil-tanker attacks in the Middle East.

    Global News
  • Oil prices surge after tanker attack near the Iranian coast

    US crude oil futures surged as much as 4% on Thursday after a tanker was attacked in the Gulf of Oman, a key waterway used to transport energy supplies from the Middle East. The Japanese owner of the Kokuka Courageous told CNN the 27,000-ton tanker had been attacked "by some sort of shell" off Fujairah, a port in the United Arab Emirates. The ship suffered damage to its starboard hull. The ship's operator, Singapore-based BSM Ship Management, said in a statement that the Kokuka Courageous was...

    WPLG
  • Oil prices surge after suspected tanker attack near Iran

    Oil prices jumped as much as 4% on Thursday after a suspected attack on two tankers in the Gulf of Oman near Iran and the Strait of Hormuz, through which a fifth of global oil consumption passes.

    U.S.
  • Attacks On Tankers In Gulf Of Oman Send Oil Prices Up, Sharply

    Attacks on two tankers in the Gulf of Oman near the coast of Iran sent oil prices higher and created new uncertainty about the safety of crude shipments in the Middle East.

    NPR.org
  • Oil prices down more than 2% on U.S. inventories, demand worries

    Oil prices fell more than 2% on Wednesday, pressured by an unexpected rise in U.S. crude inventories and by a weaker outlook for global oil demand.

    U.S.
  • Oil Prices Spike Most In 5 Months As US-Iran Tensions Soar

    WTI and Brent prices spiked overnight on the headlines about a US drone being shot down by Iran, and just legged higher once again following Trump's tweet warning that "Iran made a very big mistake." “Geopolitics is helping oil bulls to make a spectacular come-back after a few days’ of directionless trading,” said Tamas Varga, an analyst at PVM Oil Associates Ltd. in London. WTI now trades at its highest since May. This is the biggest one-day jump since the first week of January. Oil...

    Zero Hedge
  • Oil prices jump 3% after official says US drone was shot down

    Oil jumped more than 3% to above $63 a barrel on Thursday after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington.

    CNBC
  • Oil tanker attacks raise fear of surge in global energy prices

    Concern centres on Iran’s ‘nuclear option’ of closing the strait of Hormuz to shipping The attack on two oil tankers in the Gulf of Oman has escalated tensions between the US and Iran and raised fears of a surge in global energy prices. Concerns over a spike in prices centre on Tehran’s potential to close the strait of Hormuz, the narrow shipping lane between Iran and Oman and the world’s most strategically important oil route. Continue reading

    the Guardian
  • Tanker attacks reignite oil fear premium, prices could spike to $80

    A tanker attack in the Middle East revives geopolitical fears and puts a premium back in oil prices.

    CNBC
  • Wall Street hits record high, as Iran tensions send oil price up

    Bank of England warns that Brexit risks are rising, but investors are cheered by prospect of US interest rate cuts.Wall Street surges as Fed flags rate cutBank of England blames Brexit and trade wars for weak growthOil price rises as Iran shoots down US droneFed hints that rates will fall soon 5.21pm BST This won’t calm nerves in the oil market:In response to a shouted press question about any US response to Iran shootdown of a US Navy surveillance drone, @POTUS was seen to mouth the words,...

    the Guardian
  • Oil prices surge after two tankers reportedly attacked near Strait of Hormuz

    Gains for oil were in contrast to a weak session on Wednesday that saw crude close at five-month lows. Reports of fresh tension in the Gulf of Oman were

    MarketWatch