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CALGARY, Alberta,: Oil prices climbed by more than 3% on Tuesday, extending the previous day's rebound of almost 5% as concerns eased further about the impact on global fuel demand of the Omicron coronavirus variant
BASRA, Iraq (Reuters) -A bomb killed four people in the southern Iraqi city of Basra on Tuesday, the first such attack in years in a part of the country that has enjoyed relative stability, and a senior official said Islamic State militants were suspected of carrying it out.
SINGAPORE: Oil prices extended gains on Tuesday from a near 5% rebound the day before as concerns about the impact of the Omicron coronavirus variant on global fuel demand eased while Iran nuclear talks stalled, delaying the return of Iranian crude.
Iraq's oil minister said on Monday that he expects oil prices to reach over US$75 a barrel.
HOUSTON: A global energy conference devoted to future technologies and low-carbon strategies kicked off in Houston on Monday with top executives from energy companies affirming the need for more oil for decades to come.
NEW YORK: Oil prices climbed by nearly 5% on Monday on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved mostly mild and as some OPEC member countries signaled confidence in the market.
A factor in crude oil markets that probably doesn’t receive the attention it deserves is the difference between what various players say they will do, and what they actually do.
Oil prices rose by more than US$1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse.
SINGAPORE: Oil prices rose by more than $1 a barrel on Monday after top exporter Saudi Arabia raised prices for its crude sold to Asia and the United States, and as indirect U.S.-Iran talks on reviving a nuclear deal appeared to hit an impasse.
HOUSTON: The World Petroleum Congress kicks off this week with a sharply trimmed roster of energy executives and government ministers to grapple with the oil market's future as the spread of the Omicron COVID-19 variant disrupted travel.