Oil Prices Fall for Fourth Day as Supply Concerns Ease
Improving flows through the Strait of Hormuz and prospects for renewed diplomacy over the Iran conflict eased immediate supply concerns.
Oil falls as crude flows remain 'surprisingly strong'
"Middle East oil flows remain surprisingly strong despite the disruption to Saudi Arabia's East-West pipeline," according to JPMorgan analysts in a Sept. 18 note. Mideast tensions continue to escalate following attacks by Iran-backed Houthis on Saudi Arabia with missiles and drones on Saturday.
Bangladesh raises fuel prices by up to 17% amid global oil price surge
Bangladesh has raised fuel prices by up to 17.4%, piling fresh pressure on consumers and businesses already struggling with power and gas shortages, as the government moved to stem mounting losses from surging global oil prices and higher shipping costs linked to the Middle East conflict.
Oil Declines as Concerns Over Extended Supply Disruptions Ease
Oil declined in early Asian trade. Initial concerns over extended disruptions to pipeline flows from Saudi Arabia seem to be easing, said ANZ.
A Shortage of Oil Tankers Is Threatening to Keep Gas Prices High
Record shipping rates through the Strait of Hormuz could offset falling crude prices.
Oil Remains Primary Risk Driving Higher Rates Says Haworth
Treasuries fell as anticipation of additional Federal Reserve interest-rate hikes stoked interest in wagers on rising yields for short-maturity debt. Rob Haworth, Senior Investment Strategy Director at U.S. Bank Asset Management joins Bloomberg Businessweek Daily to discuss the markets as well as how the oil is driving rates higher.
Red Flags Emerge for Oil Prices in Europe and China
For much of the Iran war, China has helped balance the market by reducing imports of oil. That appears to be changing.
EU ministers to discuss taxing windfall profits of energy companies as oil prices surge
European Union finance ministers will discuss on Friday whether to impose an EU-wide windfall tax on energy companies benefiting from a surge in oil and gas prices following the closure of the Strait of Hormuz, with further talks expected in October.
Oil Falls as Worries Over Middle East Supply Disruptions Ease
Oil was lower in early Asian trade, as supply fears fueled by the outage of Saudi Arabia's East-West pipeline ease.
Expect oil prices to continue to grind higher, says Kpler's Matt Smith
Matt Smith, Kpler director of commodity research, joins 'Squawk Box' to discuss the latest oil price trends, impact of the U.S.-Iran war on gas and diesel prices, and more.
Oil Prices Slip After Fed's First Rate Hike in Three Years
Oil prices fell again in early European trading Thursday, helped by hopes Saudi Arabia could also restore some disrupted export capacity.
Interactive Brokers Senior Economist Shares The Oil Price That Finally Breaks The American Consumer
The national average price of regular gasoline jumped 16 cents in a single week to $4.
