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Oil Gas And Consumable Fuels

All articles tagged with #oil gas and consumable fuels

oil-gas-and-consumable-fuels1 month ago•21 min saved

Brent tops $100 as Middle East conflict tightens oil supply

Brent crude futures rose above $100 a barrel for the first time since July as escalating Middle East hostilities raised expectations of disrupted crude flows from the region. Front-month Brent traded around $100.66/bl (up about 2.8%), with WTI near $95.77/bl, as attacks on oil facilities and shipping routes heighten supply concerns and refine margins remain tight. Analysts say a prolonged crisis could keep prices elevated by threatening routes like the Hormuz Strait and the Red Sea, sustaining volatility in global energy markets.

via Yahoo Finance|

#brent-crude #hormuz-risk #middle-east-conflict

oil-gas-and-consumable-fuels1 month ago•20 min saved

Iranian Crude to China Slips as U.S. Blockade Bites

Offers of Iranian crude to Chinese buyers have cooled as the U.S. blockade dents Tehran’s shipments, with September–October cargoes trading with smaller discounts or even Brent premiums; floating Iranian crude has fallen to about 80 million barrels, and only roughly 30–40 million barrels remain in Asian waters, signaling tighter supply for late-September deliveries. Chinese independent refiners (teapots) are looking beyond Iran and Russia, while Beijing says sanctions won’t resolve the conflict and Washington looks to widen pressure, highlighting a sharp drop in Iran’s exports since mid-July due to attacks and shipping disruptions.

via Yahoo Finance|

#china-imports #iranian-oil #oil-gas-and-consumable-fuels

oil-gas-and-consumable-fuels1 month ago•20 min saved

Mid-August gas shock hits wallets as prices surge to fresh highs

Gasoline prices rose to a mid-August high, with the national regular-gas average at $4.03/gal (AAA), about 16 cents higher than a month ago, and 103 days this year at or above $4.00—the most since 2022. WTI near $82/bbl and Brent near $88, keeping prices volatile amid tensions over the Strait of Hormuz and attacks in the Red Sea. The July gasoline index fell 2.9% from June but remains up about 24.6% year over year; analysts say pump prices could stay elevated into fall, potentially $3.60–$3.90/gal if hurricanes stay away.

via Yahoo Finance|

#gas-prices #gasoline #inflation