Explore

Oil slips as Middle East crude exports rise, G7 to release stocks

Oil slips as Middle East crude exports rise, G7 to release stocks

By Florence Tan SINGAPORE, Oct 5 (Reuters) - Oil prices slipped on Monday as rising crude exports from the Middle East and a release of oil stocks from Group of Seven nations are adding to supplies despite ongoing concerns about further damage to Gulf oil infrastructure amid the Iran war.

Yemeni government launches offensive to seize all areas from Iran-backed Houthis

Yemeni government launches offensive to seize all areas from Iran-backed Houthis

By Mohammed Ghobari, Timour Azhari and Eman Abouhassira ADEN, Oct 4 (Reuters) - Yemen’s Saudi-backed, internationally recognised government said on Sunday it was launching a major military campaign to recapture all areas of the country controlled by the .

Oil price drops more than 2% on talks over diesel, crude stock releases

Oil price drops more than 2% on talks over diesel, crude stock releases

By Anushree Mukherjee LONDON, Oct 2 (Reuters) - Oil prices fell more than 2% and European gasoil futures dropped about 5% on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies.

Oil price drops more than $3 on talks over diesel, crude stock releases

Oil price drops more than $3 on talks over diesel, crude stock releases

By Anushree Mukherjee LONDON, Oct 2 (Reuters) - Oil prices fell more than $3 and European gasoil futures dropped over 4% on Friday after reports of talks in Europe on additional diesel and crude stock releases, easing concerns over tight global energy supplies.

Oil settles lower after Europe agrees to tap diesel reserves

Oil settles lower after Europe agrees to tap diesel reserves

By Erwin Seba HOUSTON, Oct 2 (Reuters) - Crude futures finished down after European leaders agreed to US President Donald Trump's request to release diesel reserves to lower prices and reduce fuel imports from the US. Brent settled down 6 cents, or 0.06%, at $102.25 a barrel.

Brent climbs, WTI down as Europe agrees to release diesel reserves

Brent climbs, WTI down as Europe agrees to release diesel reserves

By Erwin Seba HOUSTON, Oct 2 (Reuters) - Brent crude futures climbed while US West Texas Intermediate held on to a portion of earlier losses on Friday after European leaders agreed to US President Donald Trump's request to release diesel reserves to lower prices and reduce fuel imports from the

Oil retreats as market weighs mixed supply signals

Oil retreats as market weighs mixed supply signals

By Jeslyn Lerh SINGAPORE, Oct 2 (Reuters) - Oil prices eased on Friday after a sharp climb a day earlier as the market refocused on signs of recovering Middle Eastern supplies, though the possibility of renewed US-Iran tensions provided a floor.

Oil prices drop as Europe agrees to release diesel reserves

Oil prices drop as Europe agrees to release diesel reserves

HOUSTON, Oct 2 (Reuters) - Oil prices fell $2 after European leaders agreed on Friday to a request by US President Donald Trump to release diesel from their reserves to lower prices and reduce the need to import fuel from America. Brent was down $1.80, or 1.76%, at $100.50 a barrel at 10:49 a.m.

Oil falls about 3% on talks over diesel, crude stock releases

Oil falls about 3% on talks over diesel, crude stock releases

By Anushree Mukherjee LONDON, Oct 2 (Reuters) - Oil prices fell about 3% and European gasoil futures dropped over 5% on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies.

Oil treads water as market weighs mixed supply signals

Oil treads water as market weighs mixed supply signals

By Helen Clark and Jeslyn Lerh SINGAPORE, Oct 2 (Reuters) - Oil prices were broadly stable on Friday as the market weighed the possibility of renewed US-Iran tensions against signs of recovering Middle Eastern supplies this week.

What we know and don't know about how Iran uses asymmetric warfare

What we know and don't know about how Iran uses asymmetric warfare

The leaders of Britain and the United States have suggested that Iran played a role in two major security incidents — the arrests near a U.S.-run military base in England and the attack in the cockpit of an Israel-bound plane

Exclusive-Europe weighs new diesel stocks release after US pressure, sources say

Exclusive-Europe weighs new diesel stocks release after US pressure, sources say

By Kate Abnett BRUSSELS, Oct 2 (Reuters) - European Union countries discussed a French proposal on Friday to release diesel stocks in response to US pressure to help cool surging fuel prices, two sources familiar with details of the discussion told Reuters.