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Oil Rises on Lingering Risks of Prolonged U.S.-Iran War
Oil rose in early trade on lingering risks of a prolonged U.S.-Iran war.
U.S. Postal Service seeks 8% fuel surcharge for package deliveries as Iran war raises oil prices
The U.S. Postal Service wants to impose a temporary 8% fuel surcharge for package and express deliveries to deal with rising transportation costs, which include higher oil prices as a result of the Iran war. If approved by the Postal Regulatory Commission, the surcharge would take effect April 26 and remain in place until Jan. 17, 2027.
Here's how much it could cost to fix Mideast oil and gas production damaged by the Iran war
The damage to energy infrastructure in the Middle East caused by the war with Iran will take years and billions of dollars to repair, according to Rystad analysts.
Exclusive: At least 40% of Russia's oil export capacity halted, Reuters calculations show
At least 40% of Russia's oil export capacity is at a halt following Ukrainian drone attacks, a disputed attack on a major pipeline and the seizure of tankers, according to Reuters calculations based on market data.
U.S. Crude Oil Stockpiles Rise for Fifth Straight Week
Commercial crude oil stocks increased by 6.9 million barrels to 456.2 million barrels last week amid a drop in exports.
Crude Oil Price Analysis – Oil Still in Range Despite Potential Peace
The light sweet crude oil market initially fell on Wednesday as US and Iranian officials are starting o communicate. However, we are still very much in the same range overall.
Hungary to curb gas flows to Ukraine until Druzhba oil flows resume, Orban says
Hungary will gradually stop sending natural gas to Ukraine until crude oil flows on the Druzhba pipeline resume, Prime Minister Viktor Orban said on Wednesday, escalating a standoff with Kyiv over energy supplies disrupted by the war.
First Light News: Ceasefire Stalemate – Markets Caught in the Crossfire of Middle East Uncertainty
Oil prices are lower this morning; Brent Crude dipped back under the widely watched US$100/barrel mark and is down 3.6% to reach US$96 as of writing.
Oil Falls Below $100 as Markets Greet Middle East Diplomatic Push With Optimism
Global stocks jumped as tentative hopes for a diplomatic resolution to end the conflict in the Middle East grew.
Oil prices fall on reports of a U.S. ceasefire proposal with Iran
Brent crude traded 5% lower on reports of U.S. ceasefire proposal.
Turkey's Middle East oil dependence manageable at 10% of supply amid Iran war
Turkey's dependence on Middle East oil is at a minimum and "manageable" level of 10% of overall supplies and there are no supply problems at the moment despite the Iran war, Energy Minister Alparslan Bayraktar said on Wednesday.
Oil News: Crude Oil Slips on Iran Deal Hopes, Futures Signal Volatility
Crude oil futures slip on Iran deal headlines, but ongoing regional instability and supply risks keep the long-term oil outlook bullish.
