Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following reports that the U.S. and Iran had agreed to extend a ceasefire, though it had yet to be finalised.
Tag: Energy
Oil prices settled mixed on Thursday after a choppy trading session, as traders mulled conflicting reports of progress on a potential deal to extend a ceasefire between the U.S. and Iran.
BP said on Tuesday it had removed Chairman Albert Manifold with immediate effect, citing “unacceptable” governance oversight and conduct issues.
Brent crude futures rose nearly 2% in early Asian trade on Tuesday after the U.S. military carried out strikes in southern Iran in what it described as defensive actions, keeping markets on edge as a deal to end the war eludes both sides.
One man was killed and another injured while energy infrastructure was damaged in a missile and drone attack on Russia’s Belgorod region bordering Ukraine, local authorities said on the Telegram messaging app on Monday.
Two liquefied natural gas tankers are exiting the Strait of Hormuz on Monday, heading to Pakistan and China, while a supertanker with Iraqi crude for China left the Gulf on Saturday after being stranded for nearly three months, shipping data showed.
Brent crude futures fell $4.64 to $98.90 a barrel.
A senior Iranian source told Reuters on Sunday that Tehran has not agreed to hand over its highly enriched uranium stockpile. The source said Iran’s nuclear issue was not part of the preliminary agreement with the United States.