Latest News for: crude oil

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Crude oil futures rise as US imposes fresh sanctions on Iran

Business Line 21 Mar 2025
Crude oil futures traded higher on Friday morning after the US imposed fresh sanctions on Iran ... This included a Chinese refinery and some vessels that are involved in supplying crude oil from Iran to China.
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Oil Trading Hours When To Trade Crude-Oil [Year]

MENA FN 21 Mar 2025
(MENAFN - Daily Forex) -content">Despite the energy transition from fossil fuels to renewable alternatives, crude oil is a pillar of the global economy and will remain so for decades to come ... .
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Crude Oil Today 20/03: Rallies In Consolidation (Chart)

MENA FN 21 Mar 2025
(MENAFN - Daily Forex) During the trading session on Wednesday, we saw the Light Sweet Crude oil market pull back a bit, only to turn around and find buyers yet again. This is a market that's ... .
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India’s oil import dependency on course to hit fresh full-year high in FY25 amid growing demand, stagnant domestic production

Financial Express 21 Mar 2025
Growing demand for fuel and other petroleum products amid stagnant domestic crude oil output led India\u2019s reliance on imported crude oil to increase to over 88 per cent in the first 11 months of ...
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Oil imports post paltry growth

Dawn 21 Mar 2025
According to the PBS data, higher crude oil imports prompted local refineries to produce more petroleum products than anticipated ... Product-wise data showed that crude oil imports rose 6.51pc in July-February from a year ago.
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Oil rises $1 after new sanctions on Iran

Dawn 21 Mar 2025
The US on Thursday issued Iran-related sanctions, targeting entities including for the first time a Chinese “teapot”, or independent refinery, and vessels that supplied crude oil to such processing plants.
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Oil set for weekly gains amid Mideast tensions, US sanctions on Iran

Anadolu Agency 21 Mar 2025
In a statement, the OFAC said it designated 'a teapot oil refinery and its chief executive officer for purchasing and refining hundreds of millions of dollars' worth of Iranian crude oil,' including ...
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US targets “teapot” refineries in new round of Iran related sanctions

SAFETY4SEA 21 Mar 2025
Department of State has targeted an oil terminal in China, for buying and storing Iranian crude oil from a sanctioned vessel, alongside 12 other entities and an individual in new round of sanctions on 20 March.
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Oil down over strong dollar, demand fears

Anadolu Agency 21 Mar 2025
The US Treasury Department imposed sanctions on 19 entities and vessels tied to Iran's oil exports, while the US State Department sanctioned a Chinese oil terminal for buying and storing Iranian crude from a sanctioned vessel.
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US imposes new round of sanctions against Iran

Press TV 21 Mar 2025
Additionally, the State Department announced sanctions on a Chinese oil terminal, Huaying Huizhou Daya Bay Petrochemical Terminal Storage, for purchasing and storing Iranian crude oil from a sanctioned vessel.
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OPEC+ Enforces New Output Cuts to Counter Overproduction

The Arabian Post 21 Mar 2025
OPEC+ has announced a revised schedule for seven member nations to implement additional oil output cuts, aiming to compensate for previous overproduction ... As of Friday, Brent crude futures rose 0.3% to $72.21 per barrel, and U.S.
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1st oil tanker since ouster of Assad regime arrives at Syria’s Baniyas terminal

Anadolu Agency 21 Mar 2025
The first oil tanker since the ouster of Syria’s Assad regime arrived Thursday evening at Baniyas terminal in Tartus governorate ... The tanker, Aquatica, is carrying 100,000 metric tons of crude oil, he added.
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Germany seizes Russian shadow fleet tanker: Report

Anadolu Agency 21 Mar 2025
The Panama-flagged, vessel Eventin, carrying approximately 100,000 tons of crude oil from Russia, has been held off the coast of Ruegen since mid-January after authorities declared it unseaworthy.
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Crude Set for Weekly Rise on OPEC+ Supply Control

Oil Price 21 Mar 2025
Crude oil prices were set for another weekly gain today, driven higher by fresh U.S.
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Oil Extends Rally As Middle East Tensions And Iran Sanctions Drive Second Weekly Gain

MENA FN 21 Mar 2025
(MENAFN - The Rio Times) Crude oil prices continued their upward trajectory this morning, building on Thursday's gains. WTI crude is currently trading at $68.35, up from yesterday's close of $68.07, ... .

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