Tag Archives: HOUTHIS

The Department of the Treasury sanctioned two companies this month for secretly exporting Iranian commodities on behalf of the Islamic Revolutionary Guard of Iran. The companies, one based in China and the other in the United Arab Emirates, forged documents for four commercial vessels, allowing them to traverse international waters …

Oil prices experienced a slight uptick on Tuesday, driven by escalating conflict in the Middle East. Ship tracking data indicated an increased number of tankers diverting away from the Red Sea following attacks by Yemen’s Houthi movement in the region. Brent crude futures saw a rise of 12 cents, approximately …

WTI is in the red territory after losing -0.39% on Monday, hovering around $72.50. The fundamentals for crude oil are still weakening, and output is still going strong worldwide. The supply routes between Europe and Asia are still being impeded by the Houthi rebels. Earlier on Monday, US crude oil …

Tuesday saw a more than 2% increase in oil prices, reaching their highest point since December 1. Concerns about potential interruptions to oil shipments were raised by recent attacks on ships in the Red Sea.Expected Fed interest rate reduction, which might spur economic growth and increase demand for energy, also …

The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four US sources said on Wednesday, as the White House tries to lower fuel prices. The announcement may come on Thursday, as the White House says Biden plans to …

Oil prices reversed their heavy losses, rising more than 2 percent on Wednesday as supply tightened and prospects of new Western sanctions against Russia increased, despite signs of progress in peace talks between Moscow and Kiev. Brent crude futures rose $2.48, or 2.3 percent, to $112.71 a barrel by 1003 …

Oil prices fell on Tuesday, extending the previous day’s losses after Russia described peace talks with Ukraine as constructive, and China’s new shutdown to curb the spread of the coronavirus hit fuel demand. Brent crude fell 2% to end the day at $110.23 a barrel, while US West Texas Intermediate …

Oil prices fell more than $5 on Monday as concerns grew about slowing fuel demand in China after authorities in the country’s financial hub Shanghai said they would implement a two-stage shutdown to contain an increase in coronavirus cases. Brent crude futures fell to $115.32 and fell $5.15, or 4.3 …

Oil prices fell on Friday as supply concerns eased as European Union countries remained divided over an oil embargo on Russia, while the United States and its allies considered releasing more oil from storage to calm markets. Brent crude futures fell 46 cents, or 0.4 percent, to $118.57 a barrel …

On Thursday, oil prices fell in volatile trade as investors assessed the possibility of fresh supplies in markets with tight oil supplies amid hopes of a new nuclear deal with Iran. Brent crude futures fell 58 cents, or 0.48 percent, to $ 121.02 a barrel, and West Texas Intermediate crude …