Liberia offers 29 offshore blocks in 2026 oil and gas licensing round
EU delays methane rules on oil and gas imports for a year
Oil prices climb as traders weigh Saudi supply risk, Russian diesel flow
Oil rose amid ongoing Middle East tensions that could exacerbate supply disruptions.
Oil futures declined on a possible technical correction after solid gains overnight.
Oil ticks lower as Russia diesel supply prospects counter Gulf supply risks
Plus, a Starbucks-Chipotle merger that wasn't, and credit scores for mortgages are changing.
Americas have glut of heavy oil due to freight squeeze; Asia, Europe scramble for barrels
Oil prices fell on Friday as Middle East supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran before US elections next month amid productive talks to end their war that has disrupted the market.
Oil edged lower in Asian trade but prices remain elevated.
Bitcoin has fallen sharply towards US$80,000 as rising oil prices, elevated US bond yields and accelerating withdrawals from cryptocurrency exchange-traded funds trigger another wave of selling across digital assets. The world's largest cryptocurrency was trading around US$81,710 at the latest check, down about 1.8% on the session after falling as low as US$80,432.
Tropical Storm Isaias is bearing down on the Gulf Coast just as oil crosses $100 a barrel, and the real danger has nothing to do with offshore platforms.