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Crude Oil - Oil prices retain risk premium as Iran, Oman progress talks on Strait of Hormuz
Oil prices retained a substantial risk premium with Brent crude and WTI gaining in mid-morning European trade.
New Syria-Iraq crude pipeline still years away, sources say
By Timour Azhari, Feras Dalatey and Sheila Dang RIYADH/DAMASCUS/HOUSTON, Aug 17 (Reuters) - Iraq's plans to export oil via a pipeline through Syria to avert future disruptions in the Strait of Hormuz ...
Asian Refiners Seek Alternative Pickup Point for Saudi Crude
Asian refiners are seeking alternative pickup points for Saudi crude as security risks around the Red Sea and Bab el-Mandeb intensify.
Brent Crude Nears $89 As Hormuz Stays Disrupted – Exxon, Chevron And Shell Rack Up Record Cash Flow
As passage of oil through the Strait of Hormuz remains shrouded in uncertainty, the world's largest oil companies are stocking up their cash reserves, according to The Kobeissi Letter.
Japan eases oil supply crisis, but firms feel pain of elevated costs
For Japan, crude oil procurement costs remain high and elevated prices are weighing on corporate activity. Even though the United States and Iran were expected to negotiate a peace agreement during ...