Oil Heads for First Weekly Gain in Three as US-Iran Tensions Rise

Summary Oil prices hold near six-month high Strait of Hormuz supply risk in focus Traders and investors bet on rising prices: Saxo Bank (Reuters) – Oil prices traded near six-month…

Oil Prices Head for First Weekly Gain Since January on Iran Tensions

Crude oil prices were on course for their first weekly increase after three consecutive weekly losses, following President Trump’s latest threat to Iran that gave the country 10-15 days to…

Shell Moves Ahead With Venezuela Gas Project After U.S. Sanctions Relief

Shell plans to proceed with a natural gas project in Venezuela following Washington’s issuance of so-called general licenses for energy operators willing to invest in the country. “The issuance of…

Saudi Oil Exports to India Surge to Highest Level Since 2020

Saudi oil exports to India are on course to book the strongest month since 2020, according to data from Kpler cited by Bloomberg. India has been under intense pressure from…