Oil prices fall for a second day as US crude inventories increase

Mar 27

Oil prices fell for second day on Wednesday on surging U.S. stockpiles: OPEC+ this month agreed to extend output cuts of about 2.2 million barrels per day (bpd) ...

business-standard.com/industry/news/oil-prices-fell-for-second-day-on-wednesday-on-surging-u-s-stockpiles-124032700882_1.html

0

Financial Times

A-

Apr 18

Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic

ft.com/content/00bb5653-e9aa-4af1-8f9e-705137947b32

Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions

Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.

The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.

Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.

Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.

10 similar articles

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BBC News Apr 22

Africa Live: Muslim child allegedly lashed for attending church - BBC News: Seven members of a family in Uganda have been arrested for allegedly assaulting the ...

bbc.co.uk/news/live/world-africa-68652286

Quick Glance: Africa Live: Germany detains alleged Nigerian mafia members

German police have arrested 11 Nigerian men suspected of being part of a mafia group involved in large-scale dating scams orchestrated by the Black Axe gang.

Portugal's President Marcelo Rebelo de Sousa has stated that his country should take full responsibility for colonial-era abuses and consider paying reparations in certain cases.

Authorities in Tanzania have shut down five hydroelectric stations to reduce excess electricity in the national grid, with the main plant generating enough power for major cities like Dar es Salaam.

Negotiations between the Kenyan government and striking doctors have collapsed, prolonging the suffering of those seeking healthcare in public hospitals, as doctors demand better pay and the hiring of trainee doctors.

36

Apr 23

UTME 2024: Candidates miss exams over technical hitches: Candidates and officials at the centre told PREMIUM TIMES that the technical hitches affected candidates ...

premiumtimesng.com/education/688587-utme-2024-candidates-miss-exams-over-technical-hitches.html

54

4h

Granting waivers on Iranian oil only emboldens the ayatollahs: The only way to reach any agreement with Tehran to constrain the activities of its clients is by ...

thehill.com/opinion/national-security/4622953-granting-waivers-on-iranian-oil-only-emboldens-the-ayatollahs/

25

Apr 24

1.94m students to sit for 2024 JAMB – Registrar: Mr Oloyede explained that the pace at which JAMB cleared candidates and captured biometrics made the exercise ...

premiumtimesng.com/news/top-news/688766-1-94m-students-to-sit-for-2024-jamb-registrar.html

34

Apr 18

Naira gains at official market amidst depleting reserve: Market data published on the FMDQ website on Wednesday indicated that the naira closed at N1,072 ...

premiumtimesng.com/news/top-news/687032-naira-gains-at-official-market-amidst-depleting-reserve.html

84

Apr 19

Oil prices jump $3/bbl on unconfirmed reports of explosions in Iran: Oil slipped on Friday following an earlier price spike of more than $3 after Iran played ...

reuters.com/business/energy/oil-prices-ease-prospect-persistently-high-us-interest-rates-2024-04-19/

40

Apr 18

Atiku, Wike attend PDP national caucus meeting in Abuja: It is not clear if the duo greeted each other, but former Vice-President Sambo was seated in between ...

premiumtimesng.com/news/headlines/687003-atiku-wike-attend-pdp-national-caucus-meeting-in-abuja.html

47

Apr 23

Oil rises in early Asian trading, Middle East tensions remain in focus: Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the ...

reuters.com/markets/commodities/oil-rises-early-asian-trading-middle-east-tensions-remain-focus-2024-04-23/

1 similar article

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18 7

CNA Apr 16

Israeli war Cabinet postpones third meeting on Iran's attack: JERUSALEM: A third meeting of Israel's war Cabinet set for Tuesday (Apr 16) to decide on a response ...

channelnewsasia.com/world/israeli-war-cabinet-postpones-third-meeting-irans-attack-4270421

32

Apr 18

US reinstates oil ban on Venezuela's Nicolas Maduro is back. Could it affect gas prices?

usatoday.com/story/news/politics/elections/2024/04/17/us-reinstates-venezuelas-oil-sanctions-maduro-deal/73354429007/

Quick Glance: US to Reinstate Sanctions on Venezuela’s Oil and Gas Sector

The United States will reimpose sanctions on Venezuela’s oil and gas sector due to the Maduro government's failure to allow 'an inclusive and competitive election' to take place.

The US government decided not to renew the temporary authorization (General License 44) that allowed transactions with Venezuela's national oil and gas sector without fear of sanctions, citing the Maduro government's failure to uphold key areas of the 'Barbados Agreement.'

While the impact of revoking the authorization could not be quantified, another authorization from 2022 allowing the oil company Chevron to resume limited resource extraction operations in Venezuela will remain in place.

Despite reinstating sanctions, a US official emphasized that this should not be seen as a final decision on Venezuela's electoral capabilities, and efforts to support a better future for the country will continue.

34 similar articles

49

CNA Apr 15

Israel, Iran trade accusations at Security Council meeting: UNITED NATIONS: Israel and Iran accused one another on Sunday (Apr 14) at the United Nations of being ...

channelnewsasia.com/world/israel-iran-trade-accusations-united-nations-security-council-meeting-after-attack-4265621

61

Apr 22

Turkey’s Erdogan heads to Iraq in rare state visit to discuss water, oil, security

2

Apr 14

Iran's attack on Israel: Baerbock calls on all sides to show prudence: Following the meeting of the Federal Government's crisis management team ...

spiegel.de/ausland/annalena-baerbock-gibt-statement-zu-angriff-irans-auf-israel-ab-a-0d58cb97-87ce-4f1d-a3ec-8c368e6ab203

89

Apr 20

Brazil's Petrobras could decide dividend payout at shareholders meeting April 25: Brazil's state-run oil firm Petrobras said that a proposal to disburse up to ...

reuters.com/business/energy/brazils-petrobras-could-decide-dividend-payout-shareholders-meeting-april-25-2024-04-20/

6

Apr 17

US, Europe to up Iran sanctions as Israel pressed to ditch threatened retaliation

timesofisrael.com/us-europe-to-up-iran-sanctions-as-israel-pressed-to-ditch-threatened-retaliation/

2

Apr 19

Oil prices jump $3/bbl on unconfirmed reports of explosions in Iran: Oil slipped on Friday following an earlier price spike of more than $3 after Iran played ...

reuters.com/business/energy/oil-prices-ease-prospect-persistently-high-us-interest-rates-2024-04-19/

0

Apr 18

Netanyahu calls for unity amid ‘existential threat’: ‘Nations disintegrate first from within’

timesofisrael.com/liveblog_entry/netanyahu-calls-for-unity-amid-existential-threat-nations-disintegrate-first-from-within/

3

Apr 14

G7 leaders to discuss Iranian attack on Israel - report: Italy reportedly called for a video meeting between the Group of Seven following Iran's drone and ...

i24news.tv/en/news/international/europe/artc-g7-leaders-to-discuss-iranian-attack-on-israel-report

6

Apr 16

U.S. officials expect Israeli response to Iran strikes will be limited: U.S. officials expect a possible Israeli response to Iran’s attack over the weekend to be ...

nbcnews.com/news/world/us-officials-expect-israeli-response-iran-strikes-will-limited-rcna147949

18

Apr 15

US says it will not renew easing of Venezuela oil sanctions unless progress made on elections

reuters.com/world/americas/us-says-it-will-not-renew-easing-venezuela-oil-sanctions-unless-progress-made-2024-04-15/

5

Apr 19

Venezuela oil sector braces for loss of US license, Maduro hits back: The day after the United States announced it would reimpose costly limits on Venezuela's ...

1

Apr 15

Ministers Gantz, Eizenkot wanted immediate counterattack on Iran - report: The Prime Minister’s Office denied this report, calling it “the opposite of the truth ...

jpost.com/israel-hamas-war/article-797082

0 similar articles

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65

South China Morning Post

C+

Apr 14

G7 ‘ready to take measures’ in response to further destabilisation by Iran: G7 leaders offered their full support for Israel on Sunday following an attack by ...

scmp.com/news/world/middle-east/article/3258986/g7-ready-take-measures-response-further-destabilisation-iran

Quick Glance: Israel artist calls for Gaza ceasefire

The representative of Israel at the international art fair is calling for an immediate ceasefire in Israel’s war on Gaza.

Ruth Patir’s video installation called (M)otherland was scheduled to open on Saturday at Israel’s national pavilion at the international art show but will remain closed for now.

Patir stated on her website that the artist and curators are showing solidarity with the families of the hostages and the large community in Israel calling for change, rather than canceling themselves or the exhibition.

It is believed that there are still individuals in Gaza, including 129 captives taken during the attacks led by Hamas on Israel on October 7, with 34 of them presumed dead.

275 similar articles

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23

Sportstar Apr 25

FIFA seals closer ties to Saudi Arabia with World Cup sponsor deal for oil firm Aramco

sportstar.thehindu.com/football/fifa-world-cup-sponsor-deal-aramco-saudi-arabia-2034-president-gianni-infantino/article68107234.ece

6 similar articles

0

Radio New Zealand

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10h

Does fighting inflation always lead to recession? What NZ data tells: Here is what 60 years of New Zealand data shows us.

rnz.co.nz/news/business/515288/does-fighting-inflation-always-lead-to-recession-what-nz-data-tells

0

Apr 26

NNPC blames logistics for worsening fuel queues: The queues for Premium Motor Spirit, popularly called petrol, grew worse in Abuja and neighbouring Nasarawa and ...

punchng.com/nnpc-blames-logistics-for-worsening-fuel-queues/

0

20h

Navy relocates training base from Lagos to Rivers: The Nigerian Navy said it has concluded arrangements to relocate the Naval Training Command headquarters from ...

punchng.com/navy-relocates-training-base-from-lagos-to-rivers/

0

Apr 25

Stranded cargo shows credit challenges at Nigeria's Dangote refinery: Chinese state energy major PetroChina has been waiting to unload a cargo of U.S ...

reuters.com/markets/commodities/stranded-cargo-shows-credit-challenges-nigerias-dangote-refinery-2024-04-25/

0

10h

'End of oil not in sight', OPEC Secretary General says in MEES article: The end of oil is not in sight, OPEC's top official said, as the pace of energy demand ...

reuters.com/markets/commodities/end-oil-not-sight-opec-secretary-general-says-mees-article-2024-04-26/

0

12h

Soldiers neutralised 216 oil thieves, arrested 332 suspects — Military: Troops of the Nigerian Army have neutralised 216 individuals, arrested 332 suspects and ...

punchng.com/soldiers-neutralised-216-oil-thieves-arrested-332-suspects-military/

0

16

The New York Times

B+

Apr 25

‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower: The oil-rich kingdom is plowing money into glitzy events, computing power and artificial ...

nytimes.com/2024/04/25/technology/to-the-future-saudi-arabia-spends-big-to-become-an-ai-superpower.html

0

Apr 25

Iran-Israel war: Impact on the economy and financial markets - Companies - The Jakarta Post

thejakartapost.com/business/2024/04/24/iran-israel-war-impact-on-the-economy-and-financial-markets.html

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The Punch

C-

Apr 25

MRS slashes diesel price to N1,050: MRS Oil Plc has slashed the price of Automotive Gas Oil popularly known as diesel to N1,050 per litre across its outlets ...

punchng.com/mrs-slashes-diesel-price-to-n1050/

0

Apr 23

Oil Market Sees Muted Impact From Iran Sanctions to Avoid US Price Shocks: Legislation pushing Joe Biden to ratchet up sanctions on Iranian crude oil is on track ...

bloomberg.com/news/articles/2024-04-22/oil-market-sees-iran-sanctions-having-muted-impact-on-exports

0

Apr 26

Stanbic IBTC seeks improved investment in energy: Stanbic IBTC Holdings has canvassed for improved investment in energy and infrastructure in the country to ...

punchng.com/stanbic-ibtc-seeks-improved-investment-in-energy/

0 similar articles

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The Punch

C-

Apr 26

NNPC, firm partner to raise P’Harcourt refinery’s capacity: The Nigerian National Petroleum Company Limited has signed an agreement with the African Refinery ...

punchng.com/nnpc-firm-partner-to-raise-pharcourt-refinerys-capacity/

0 similar articles

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Countercurrents Apr 22

Israel And The US: Ironclad| Countercurrents: The massive movement in the US and around the world against Israel’s genocide has been inspiring in its breadth and ...

countercurrents.org/2024/04/israel-and-the-us-ironclad/

23 similar articles

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The Punch

C-

Apr 25

Cause of scarcity in fuel supply resolved – NNPC: The Nigerian National Petroleum Company Limited said it has addressed concerns that surround the current ...

punchng.com/cause-of-scarcity-in-fuel-supply-resolved-nnpc/

0

Apr 23

JUST IN: Again, Dangote slashes diesel, aviation fuel prices to N940, N980: Dangote Petroleum Refinery on Tuesday announced a further reduction in the prices of ...

punchng.com/just-in-again-dangote-slashes-diesel-aviation-fuel-prices-to-n940-n980/

0

Apr 23

FG targets $10bn investment from oil, gas: The Federal Government on Tuesday signed the consolidated guidelines for the implementation of fiscal incentives for ...

punchng.com/fg-targets-10bn-investment-from-oil-gas/

0

Apr 24

Tether Will Freeze Wallets Evading Venezuelan Sanctions: Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.

coindesk.com/policy/2024/04/24/tether-will-freeze-wallets-evading-venezuelan-sanctions/

0

Apr 21

Even without war in the Gulf, pricier petrol is here to stay: Expensive oil could put Donald Trump in the White House

economist.com/finance-and-economics/2024/04/17/even-without-war-in-the-gulf-pricier-petrol-is-here-to-stay

0

Apr 25

Billionaire Texas oilman inks deal with Venezuela's state-run oil giant as US sanctions loom

bloomberg.com/en/news/thp/2024-04-24/billionaire-texas-oilman-inks-deal-with-venezuela-s-state-run-oil-giant-as-u-s-sanctions-loom

0

Apr 25

Hess sets April 12 record date for shareholder vote on Chevron merger: Hess Corp on Wednesday said its board has set April 12 as the record date for the ...

reuters.com/markets/deals/hess-sets-april-12-record-date-shareholder-vote-chevron-merger-2024-04-24/

0

Apr 25

Sustaining naira appreciation: For now, the naira appreciation has not trickled down as the prices of goods and services are still very high.

punchng.com/sustaining-naira-appreciation/

0

Apr 23

Nigeria Oil and Gas Industry Games: NNPC makes bright start in tennis, volleyball

premiumtimesng.com/sports/nigeria-sports-news/688431-nigeria-oil-and-gas-industry-games-nnpc-makes-bright-start-in-tennis-volleyball.html

0

Apr 24

Saudi Arabia’s non-oil exports surge by 4.4%: GASTAT : RIYADH: Saudi Arabia’s non-oil exports, including re-exports, saw a surge of 4.4 percent in February ...

arabnews.com/node/2498386/business-economy

0

Apr 24

Oando releases 2022 financial results, to clear backlog of old financials: The release of the Company's FYE 2022 results indicates that it is finally on ...

premiumtimesng.com/promoted/688761-oando-releases-2022-financial-results-to-clear-backlog-of-old-financials.html

0 similar articles

0

The Rio Times

C+

Apr 24

Venezuela’s Economic Resurgence in 2024: In a remarkable turnaround, Venezuela's economy is poised to outshine its neighbors, Colombia and Ecuador ...

riotimesonline.com/venezuelas-economic-resurgence-in-2024/

0

Guyana Chronicle Apr 24

Local production could help stabilise global oil prices - Guyana Chronicle: THE Inter-American Development Bank (IDB) predicts, in its 2024 Latin American and ...

guyanachronicle.com/2024/04/24/local-production-could-help-stabilise-global-oil-prices/

0 similar articles

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Quartz

B+

Apr 23

Gold prices are dropping as tensions between Israel and Iran calm: Commodities prices have been impacted by the volatile geopolitical situation in the Middle ...

qz.com/gold-prices-israel-iran-middle-east-conflict-oil-1851427171

0

Apr 23

Assessing Indonesian fiscal risks amid the Iran-Israel conflict - Academia - The Jakarta Post

thejakartapost.com/opinion/2024/04/22/assessing-indonesian-fiscal-risks-amid-the-iran-israel-conflict.html

0 similar articles

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Reuters

A

Apr 22

Saudi Aramco in talks to buy 10% of China's Hengli Petrochemical: Saudi oil giant Aramco said on Monday it is in talks to acquire a 10% stake in China's Hengli ...

reuters.com/markets/deals/chinas-hengli-petrochemical-says-saudi-aramco-talks-buy-10-company-2024-04-22/

0

Apr 24

$500m funds: Lokpobiri, ex-local content boss clash: The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, and the former Executive Secretary ...

punchng.com/500m-funds-lokpobiri-ex-local-content-boss-clash/

0

Apr 23

Oil Prices Climb Over 1% Amid Signs of Strengthening Global Demand: This week, oil markets displayed notable resilience, with prices climbing over 1% despite ...

riotimesonline.com/oil-prices-climb-over-1-amid-signs-of-strengthening-global-demand/

0

The Punch

C-

Apr 23

NSCDC arrests three oil thieves with 16,000 litres of diesel: Operatives of the Nigeria Security and Civil Defence Corps, Delta Command have arrested three oil ...

punchng.com/nscdc-arrests-three-oil-thieves-with-16000-litres-of-diesel/

0

Apr 20

Israel’s response to Iran: Blowing up military installations or destroying from within?

jpost.com/middle-east/israels-response-to-iran-blowing-up-military-installations-or-destroying-from-within-797795

0

Apr 23

NNPCL, partner unlock 12,000bpd output from Awoba Field: The Awoba Unit, which straddles OMLs 18 and 24, is located in the mangrove swamp south of Port Harcourt ...

punchng.com/nnpcl-partner-unlock-12000bpd-output-from-awoba-field/

0

Apr 23

Commercial transport operators hike fares as petrol stations shut outlets: The transport operators hiked fares due to fuel scarcity as petrol stations shut down ...

premiumtimesng.com/news/top-news/688428-commercial-transport-operators-hike-fares-as-petrol-stations-shut-outlets.html

0 similar articles

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Reuters

A

Apr 22

Venezuelan bank staff arrested in state-owned oil company graft case: Venezuela's office of the superintendent of banks said on Monday that arrest warrants have ...

reuters.com/world/americas/venezuelan-bank-staff-arrested-state-owned-oil-company-graft-case-2024-04-22/

0

Apr 18

Geopolitical strife and commodity volatility: Inflation impact? - Companies - The Jakarta Post

thejakartapost.com/business/2024/04/17/geopolitical-strife-and-commodity-volatility-inflation-impact.html

Quick Glance: Powell Warns of Lack of Progress on Inflation

Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.

Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.

Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.

Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.

0

Apr 22

Niger Delta bedevilled by environmental, infrastructural challenges – Oborevweri: Oborevweri made the call on Monday while declaring open the 6th meeting of the ...

punchng.com/niger-delta-bedevilled-by-environmental-infrastructural-challenges-oborevweri/

0

2

Financial Times

A-

Apr 22

Saudi Aramco chief executive defends China’s role in green transition amid closer ties

ft.com/content/c382eec3-5b03-48ec-8acf-5589fdaa6527

0

Apr 21

P/Harcourt refinery: Marketers eye N500/litre petrol, set to load: Oil marketers are gearing up to load petroleum products from the Port Harcourt Refining ...

punchng.com/p-harcourt-refinery-marketers-eye-n500-litre-petrol-set-to-load/

0

Apr 22

Oil prices hold steady despite growing tensions in Middle East: The price of Brent crude oil has fallen over the last week despite Iran launching a major attack ...

businesspost.ie/analysis-opinion/oil-prices-hold-steady-despite-growing-tensions-in-middle-east/

0

Apr 22

Top investing strategies from UBS if Iran-Israel geopolitical woes flare: Instead of exiting stocks in case Middle-East crisis flares up, analysts at UBS suggest ...

business-standard.com/markets/news/top-investing-strategies-from-ubs-if-iran-israel-geopolitical-woes-flare-124042200144_1.html

0

Apr 22

Nigeria needs to diversify economy, says IMF: The International Monetary Fund has said that Nigeria needs to diversify its economy to meet its developmental ...

punchng.com/nigeria-needs-to-diversify-economy-says-imf/

0

Apr 20

Ekiti residents lament petrol scarcity, as PMS sells for 750/litre: A resident lamented that the situation had become unbearable, calling on the state ...

premiumtimesng.com/news/more-news/687711-ekiti-residents-lament-petrol-scarcity-as-pms-sells-for-750-litre.html

0

Apr 19

India discussed oil market volatility with OPEC chief, government says: India, the world's third biggest oil importer and consumer, discussed recent trends and ...

reuters.com/markets/commodities/india-discussed-oil-market-volatility-with-opec-chief-government-says-2024-04-19/

0

Apr 19

Nigeria Plans to Offer Crude Trading on Bourse for First Time: Nigeria’s commodities exchange plans to offer crude oil and gas trading to deepen access to ...

bloomberg.com/news/articles/2024-04-19/nigeria-plans-to-offer-crude-trading-on-bourse-for-first-time

0

Apr 21

Nigeria's crude oil output goes down again in March - OPEC | Africanews: OPEC data based on direct communication show that Nigeria's average daily production ...

africanews.com/2024/04/20/nigerias-crude-oil-output-goes-down-again-in-march-opec/

0 similar articles

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The Punch

C-

Apr 20

Suspend new restrictions on dom accts, MAN tells CBN: Manufacturers faulted the decision by CBN directing deposit money banks to stop the use of foreign ...

punchng.com/suspend-new-restrictions-on-dom-accts-man-tells-cbn/

0 similar articles

0

Reuters

A

Apr 19

Ample oil supplies limit impact of MidEast flare-up on prices: Plentiful supplies of some of the biggest crude grades are limiting the impact on benchmark oil ...

reuters.com/markets/commodities/ample-oil-supplies-limit-impact-mideast-flare-up-prices-2024-04-19/

0

Apr 19

War in the Middle East: Iran exports more oil than it has for a long time: The exchange of blows between Israel and Iran is causing heated discussions. However ...

nzz.ch/wirtschaft/konflikt-im-nahen-osten-iran-exportiert-trotz-sanktionen-so-viel-erdoel-wie-schon-lange-nicht-mehr-ld.1827130

0

Apr 19

Iran fires air defense batteries in provinces as sound of explosions heard near Isfahan

omaha.com/news/nation-world/government-politics/politics-middle-east-conflict-tensions/article_24a1aeb4-753f-5e13-822c-80d42073ba66.html

0

Apr 17

US to hit Iran with new sanctions in 'coming days', Yellen says

deccanherald.com/world/us-to-hit-iran-with-new-sanctions-in-coming-days-yellen-says-2981430

Quick Glance: Yellen warns of further sanctions in response to Iran's increasing activities

Treasury Secretary Janet Yellen warned of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't hesitate to use their sanctions powers to address Iran's 'malign and destabilizing activity' in the region.

The fast-rising tensions between Iran and Israel and the potential implications of escalation on the global economy are at the forefront of the spring meetings of the International Monetary Fund and World Bank.

Yellen announced additional sanctions actions against Iran in the coming days and expressed support for liquidating roughly $300 billion in frozen Russian Central Bank assets for Ukraine's reconstruction.

Another major focus of this year's meetings will be Chinese industrial policy, which Yellen believes poses a threat to U.S. jobs and the global economy. She plans to meet with Chinese counterparts to identify potential areas of cooperation and address concerns.

0

Apr 16

Oil price eases on hopes of Middle East de-escalation after attacks: Iran produces more than three million barrels of crude oil a day as a major producer within ...

irishexaminer.com/business/economy/arid-41374870.html

Quick Glance: Oil Prices Could Witness a 'Super Spike Well Above $100' Post Iran's Strike on Israel

Market analysts predicted that oil prices could surge to $100 per barrel and beyond after Iran conducted an aerial attack on Israel, reigniting concerns of a regional war.

Iran carried out an aerial attack on Israel on Saturday night, launching over 300 drones and missiles, marking the first direct military attack by Iran on the Jewish state.

Insufficient investment renders the supply more fragile, raising the likelihood of a 'super spike well above $100' if the supply is disrupted.

Recent months have seen oil prices rise due to trade disruptions and delays caused by maritime attacks in the Red Sea by the Houthis, who express solidarity with the Palestinian people.

40 similar articles

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Arab News

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Apr 18

Saudi tourism fund signs MoU for development of resorts in Kingdom: RIYADH: Saudi Arabia is set to witness the development of new luxury resorts as the Tourism ...

arabnews.com/node/2494846/business-economy

0

Apr 20

Deepening Energy Relations: Venezuela and UAE Forge Ahead: As twilight fell over Caracas, President Nicolás Maduro warmly welcomed UAE's Minister of State ...

riotimesonline.com/deepening-energy-relations-venezuela-and-uae-forge-ahead/

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Last Updated	Mar 27
Total Articles	3

Oil prices fall for a second day as US crude inventories increase: