oil

Oil tanker is at the center of a dispute between Tehran and Western powers

Work recently restarted after the government reapproved the project in June

Analyst predicts oil will struggle to make headway due to no progress on trade talks

Trump says two sides will still meet for talks this month

Trump says the sides would still meet for talks later this month

Hurricane’s approach towards Florida raises fears US crude producers may suspend output

Firdous Ashiq Awan says govt to pass on benefits of reduction in oil prices to consumers

Fears about slowdown in economic growth are keeping prices in check

Brent and WTI, however, heading for monthly losses of around 8% and 5% respectively

Prices have fallen by about 20% from 2019 highs reached in April

Trump says China was sincere about wanting to reach a deal,

Trump says Beijing contacted US officials saying it wants a return to talks

After Greece said it will not offer any facilities to the vessel

Signals of monetary easing affect US dollar, support oil prices

Rally in equity markets around the world gave oil prices a floor

Traders look for signs of progress in US-China trade negotiations

US retail sales rose 0.7% in July as consumers bought a range of goods even as they cut back on vehicle purchases

Gibraltar decides to free the seized ship

Investors concerned world's biggest economy heading for recession

They provide alternative energy supply options amid Mideast tensions

Decline erases strong gains posted in previous session

Slow pace seen due to economic slowdown and ratcheting up of US-China trade war

With expectations that falling prices may lead to production cuts

Prices have lost more than 20% since hitting 2019 peak in April

Brent prices have lost more than 9% in past week

Total sales stand at 10.68m tons; power plants shift to RLNG

Fall comes despite a bigger-than-expected decline in US inventories

Investors await widely expected cut in interest rates by Federal Reserve

Brent crude, however, set for monthly fall of more than 3%

PFA seals Hameed Oil Mill for violating the provincial authority’s law

US, Chinese negotiators to meet this week, but expectations are low

Tensions remain high around Strait of Hormuz as Iran refuses to release British tanker

Overall, Aramco diversifies, while other projects progress slowly

Test shows 9.12mmcfd of gas and 520 bpd of oil

US crude stocks fell more than expected in week to July 19

Iran's capture of British tanker sparks concern about supply disruptions

Fear of potential supply disruptions in Strait of Hormuz has increased

As tensions escalate in recent months amid a deepening standoff between Iran and the US

US says its Navy ship has destroyed Iranian drone in the Strait of Hormuz

New floating storage unit will have higher LNG handling capacity

Iran says vessel was smuggling fuel and had been carrying 1m litres

Allegedly smuggling one million litres of fuel

Occurred during "routine activities related to removing water" from the storage cell says an official statement

Remain weighed down by industry data suggesting US crude inventories fell less than expected

The international benchmark hit a session high of $66.84 earlier in the day

US oil companies begin restoring production in Gulf of Mexico, which was earlier shut because of Hurricane Barry

Positive Chinese data indicates more oil demand in world's second biggest economy

As the investigation goes on and Grace 1 continues to be detained

Gains are, however, capped by IEA's forecast for global oil surplus

Prices also supported by fall in dollar and decline in US crude stocks