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Oil prices plunge 10% on US-Iran talks to resolve the hostilities in the Middle East
Oil prices dropped about 10% following US-Iran talks aimed at resolving Middle East hostilities, easing fears of further escalation and supply disruptions.
US drivers face long-term pain at pump, analysts say; Trump bets they are wrong
U.S. drivers are expected to face sustained high fuel prices due to the Iran conflict disrupting oil supply, despite President Trump's optimism on price drops.
Oil prices dip as Indian tanker sails out of Strait of Hormuz
Oil prices fell as an Indian tanker passed through the Strait of Hormuz and the U.S. issued measures to ease supply concerns amid Middle East conflict disruptions.
Oil unlikely to hit $200 a barrel, US energy chief says
U.S. Energy Secretary Chris Wright says oil prices are unlikely to reach $200 a barrel despite disruptions in the Strait of Hormuz caused by the Iran conflict.
Caracas, Washington in talks to export Venezuelan oil to US, sources say
HOUSTON/WASHINGTON, Jan 6 (Reuters) – Government officials in Caracas and Washington are discussing exporting Venezuelan crude to refiners in the United States, five government, industry and shipping sources told Reuters on Tuesday, a deal that could divert supplies away from China while helping state company PDVSA avoid deeper output cuts. Venezuela has millions of barrels […]
