TAG: global crude oil prices
Will Iran-Israel conflict lead to higher gold and oil prices? Economist Mohamed A. El-Erian says…
Underlining the risk of increased geopolitical tensions amid Iran-Israel crisis on markets, senior economist Mohamed A. El-Erian on Sunday said that the current situation may result in “higher gold and oil prices, and lower US Treasury yields and stocks...
5 months ago
Oil prices decline as risk premium eases following Iran attack; brent crude at $89.64/bbl
Oil prices saw a downward drift on Monday, as the market seemed to minimize concerns about a wider regional conflict following Iran's weekend attack on Israel. Brent futures for June delivery dropped by 81 cents, approximately 0.9%, reaching $89.64 per...
5 months ago
Iran's crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the Iran-Israel proxy war?
Iran's crude production has risen by more than 20 per cent over the past two years to 3.4 million barrels per day (bpd), which is 3.3 per cent of the total global oil supply. With the ongoing proxy conflict with Israel, analysts say that if the market we...
5 months ago
Russia's crude oil exports at 11-month high in April, cross OPEC target to support prices
Russia’s seaborne crude exports soared to an 11-month high in the second week of April with flows from all major ports near peak levels. Last week’s jump propelled total weekly flows to the highest since May 2023, for a level that has been exceeded only...
5 months ago
Oil recovers from 3-week low after US imposes sanctions on Venezuela, Iran; Brent at $87/bbl
Oil prices were broadly steady on Thursday, April 18, as investors weighed US sanctions on Venezuela and Iran, and robust US jobs data against the wider backdrop of demand concerns and easing Middle East tensions that had pushed prices three per cent low...
5 months ago