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The Latest Breaking News from Saudi Aramco

Oil steadies near one-week highs as US-Iran peace deal hopes dim

Oil prices maintained their position on Tuesday as hopes for a US-Iran deal faded, hampered by President Trump's stringent demands that are complicating operations in the Strait of Hormuz. The restart of Saudi Aramco's Jazan refinery has been pushed back due to recent Houthi assaults, leading to constrained energy flows…

The Economic Times

Oil climbs 5% as Iran, US both demand compensation and Hormuz hopes fade

Oil prices rose significantly as Iran and the United States exchanged compensation demands. Prospects for reopening the Strait of Hormuz dimmed due to these escalating tensions. Ukraine continued to strike Russian refineries and tankers, further impacting supply. Saudi Aramco postponed a refinery restart after recent Houthi attacks. US Strategic Petroleum…

The Economic Times

Yemen's Houthis attack kills 11 in Yemen, hit Saudi refinery

Strikes by Iran-backed Houthi rebels on Sunday killed at least 11 people in the Yemeni port city of Mokha, says a medical source, after an earlier drone salvo targeted a Saudi oil refinery. Attacks from the armed group have increased since the 2022 truce seems to have been broken last…

Euronews

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Houthi attack suspected at Saudi gas facility in Jubail; Aramco Jazan fire extinguished

Yemen’s Iran-aligned Houthi rebels were behind a reported attack on a gas facility in Saudi Arabia’s Jubail region, Israeli media reported on Sunday, amid heightened tensions in the Middle East. However, there was no immediate official confirmation from Saudi authorities linking the reported blast to the Houthis.

The Times of India

Houthis behind attack on Saudi Aramco gas facility in Jubail region, reports Israeli media

Yemen's Houthis are behind the attack on a gas facility in Saudi Arabia's Jubail region, Israeli media reported, after reports emerged of an explosion and fire at an industrial facility in the kingdom's eastern region.

The Economic Times

Revealed: major oil firms make $93bn profits amid war and climate crisis

Iran conflict windfall over three months reignites calls for companies ‘cashing in on human misery’ to pay for environmental damage

The Guardian - UK

Big Oil profits surge as Iran war keeps energy prices elevated

European and Middle Eastern oil firms reported significant profit increases recently. Saudi Aramco saw its net profit climb by forty-four percent year-on-year. American energy companies also posted enormous profits last week. Consumers face higher costs for fuel and air travel globally. Oil prices have recently fallen after potential diplomatic progress.

The Economic Times

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The Iran War Continues Keeping Energy Markets On Edge. Saudi Aramco Profits Are Jumping.

Saudi Aramco reported a 33% jump in second-quarter profit as higher oil prices driven by the Iran conflict boosted revenue, with the company highlighting the role of its East-West pipeline in keeping exports flowing despite disruptions around the Strait of Hormuz.

International Business Times

Stocks in news: L&T, Tata Capital, Ambuja Cements, Suzlon Energy, RVNL

Indian stock markets closed lower on Tuesday after early gains faded. Larsen & Toubro and Tata Capital reported strong profit growth for the quarter. Ambuja Cement and Suzlon Energy, however, saw their profits decline year-on-year. RVNL announced a record date for its final dividend and secured a new order. Phoenix…

The Economic Times

Oil Price Today (July 13): Crude oil up almost 5%, nears $80 as US, Iran unleash more strikes. $100 in sight?

Brent crude futures advanced $3.34, or 4.38%, to $79.5 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $3.07, or 4.30%, to $74.20 a barrel. The latest rally comes after both benchmarks climbed 5.5% last week, with WTI once again trading above $74 a barrel. European natural gas futures…

The Economic Times

Oil Price Today (July 10): Crude oil up 6% this week as US and Iran continue attacks. Where are prices headed?

Even with Friday's decline, both crude benchmarks were set to end the week higher. Brent was on course to gain about 6%, while WTI was poised to rise nearly 5%.

The Economic Times

Oil Price Today (July 9): Crude oil nears $80, up for 3rd day as US launches fresh strikes on Iran. Hormuz supply in jeopardy?

Brent crude futures gained 78 cents, or 1%, to $78.8 a barrel while U.S. West Texas Intermediate (WTI) crude futures rose 74 cents, or 1.01%, to $74.26 a barrel. On Wednesday, the two benchmarks had settled at their highest levels in more than two weeks after U.S. President Donald Trump…

The Economic Times

Crude oil prices jump 6%, hit two-week high after Trump says Iran peace deal is ‘over’. What are experts saying?

Crude oil prices rose sharply on Wednesday to a two-week high after Donald Trump declared the Iran peace agreement "over", reviving fears of fresh supply disruptions from the Middle East. Analysts say concerns over the Strait of Hormuz, tighter sanctions and depleted inventories could keep oil prices elevated in the…

The Economic Times

IndiGo, HPCL, other oil sensitive stocks plunge up to 5% as US strikes on Iran lift crude prices

Oil-sensitive Indian stocks tumbled significantly after US airstrikes on Iran. Crude oil prices climbed as sanctions on Iranian sales were reinstated. These events reignited concerns over Middle East stability and potential supply disruptions. Shipping through the Strait of Hormuz remains vulnerable, impacting global energy supply routes. Analysts expect oil inventories…

The Economic Times

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The Economic Times

Oil Price Today (July 8): Crude oil flares up over 5% as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?

Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel. Both benchmarks had already advanced about 3% on Tuesday after the United States withdrew the general licence that had allowed the sale of Iranian crude…

The Economic Times

Oil Price Today (July 7): Crude oil snaps 2-day fall as projectile hits tanker in Hormuz. Where are prices headed?

Brent crude futures rose 28 cents, or 0.39%, to $72.29 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 29 cents, or 0.26%, to $68.84 a barrel. Both benchmarks had settled close to their pre-Iran war levels on Monday.

The Economic Times

Oil Price Today (July 6): Crude oil extends fall, hovers below $72. Here are 2 major reasons for the decline

Brent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 a barrel. WTI did not settle on Friday as U.S. markets remained closed ahead of the Independence Day holiday on Saturday.

The Economic Times

Oil Price Today (July 3): Crude oil heads for 4th weekly loss on Hormuz traffic, US-Iran talks. Where is liquid gold headed?

Brent crude hovered near the $71-a-barrel mark after briefly dipping below that level in the previous session, while US benchmark West Texas Intermediate (WTI) traded around $68 a barrel.

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The Economic Times

Oil Price Today (July 2): Crude oil at $70, falls for 2nd session as US-Iran talks progress. Worst over?

Brent crude futures fell 80 cents, or 1.09%, to $70.80 a barrel, while U.S. West Texas Intermediate crude declined 90 cents, or 1.28%, to $67.75 a barrel. In the previous session, both benchmarks had dropped more than 1%, settling at their lowest levels in four months.

The Economic Times

Oil Price Today (July 1): Crude oil above $73 as Iran rejects direct peace talks with US. Where are prices headed?

Brent crude futures were up 50 cents, or 0.69%, at $73.45 a barrel at 1208 GMT. U.S. West Texas Intermediate (WTI) crude rose 63 cents, or 0.91%, to $70.13 a barrel.

The Economic Times

School assembly news headlines for June 29: Top national, international, business, sports update and thought of the day

Prime Minister Modi's historic Seychelles address highlighted maritime bonds, while India and the island nation inked 19 cooperation outcomes. Closer to home, heavy rains caused disruptions in North Bengal and Arunachal Pradesh. Internationally, a civilian aircraft crash in France claimed 11 lives, and a Saudi Aramco helicopter incident resulted in…

The Times of India

Saudi Aramco helicopter crash kills 14 in Ras Tanura; probe under way

Tragedy struck Saudi Arabia's eastern city of Ras Tanura on Sunday when a Saudi Aramco helicopter crashed, claiming the lives of fourteen individuals. The cause of the devastating incident remains under investigation by authorities. Saudi Aramco, a global leader in oil production, operates significant facilities in Ras Tanura, a vital…

The Economic Times

Oil prices dive as more tankers move through Strait of Hormuz

Crude oil prices experienced a significant drop, heading for steep weekly losses as tanker traffic through the Strait of Hormuz increased, easing supply worries. This comes after a cargo vessel was struck near Oman, with reports suggesting Iranian involvement. Despite the incident, oil continues to flow, and analysts anticipate an…

The Economic Times

Iran insists on right to control shipping in Strait of Hormuz after ship hit near Oman

Iran asserted its authority over the Strait of Hormuz, warning Gulf states against aligning with the U.S. This comes after an attack on a ship near Oman, highlighting the precarious nature of a tentative Iran war ceasefire. Tehran rejected a joint U.S.-Gulf statement challenging its control and toll demands. Meanwhile,…

The Economic Times

Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows

Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers.…

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