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Oil held a gain after President Donald Trump said the US could forgo a deal with Iran, dimming prospects for a breakthrough to end the war that has roiled Middle East supplies.
Chronology
Latest Oil Market News and Analysis for Nov. 13
Oil held a gain after President Donald Trump said the US could forgo a deal with Iran, dimming prospects for a breakthrough to end the war that has roiled Middle East supplies.
Reduced historical snapshot. The full archived contents could not be verified.
UK sanctions Russia's Slavneft in latest move against oil producers
Britain on Thursday imposed sanctions on Russian oil producer Slavneft and a range of energy-related entities and vessels, saying it had become the first country to target all of Russia's 10 largest oil producers.
Reduced historical snapshot. The full archived contents could not be verified.
India's Gulf oil imports surpass Russia for first time since Iran war
Crude shipments reaching India through the crucial West Asia chokepoint have climbed to 2.1 million barrels a day so far this month, surpassing Russian imports of 1.8 million barrels a day
Reduced historical snapshot. The full archived contents could not be verified.
Reporting
- Latest Oil Market News and Analysis for Nov. 13
Oil held a gain after President Donald Trump said the US could forgo a deal with Iran, dimming prospects for a breakthrough to end the war that has roiled Middle East supplies.
- India's Gulf oil imports surpass Russia for first time since Iran war
Crude shipments reaching India through the crucial West Asia chokepoint have climbed to 2.1 million barrels a day so far this month, surpassing Russian imports of 1.8 million barrels a day
- Oil prices rise after Iran reports strikes
Iran’s state IRNA news agency reports: “Official sources have confirmed that Sirik in Hormozgan Province has been targeted minutes ago by the enemy”. There were reports earlier of explosions being heard in Sirik and it was confirmed. Importantly, the confirmation suggests that state media might be looking to highlight the attack, perhaps in preparation for returning to war. That fits with a recent video highlighting a rebuilt (or hidden) underground missile city.. Iran may have concluded that it won't be able to get an acceptable deal and that further fighting is inevitable. The US is also sailing a third aircraft carrier to the region with talk of potential strikes in the next week and around the Nov 24 full moon. The oil market took notice today with WTI up $2.27 to $88.78 per barrel. That's a notable bounce after the fast drop to $112 on November 2. Trump also stamped out any talk of
- Oil prices rise amid mixed messaging on Iran peace efforts, Hormuz ship attacks
- India's Gulf oil imports surpass Russia for first time since start of Iran war
- Trump Says No Iran Deal Needed; Oil Prices Jump
Oil futures shot up on Thursday after President Donald Trump said the U.S. doesn't "need a deal with Iran." The post Trump Says No Iran Deal Needed; Oil Prices Jump appeared first on Investor's Business Daily.
Social context
- gm Brent crude sub-$90 I hear that the Iran War is pretty much over and they've ironed out all the details except for literally any of the reasons the war kicked off in the first place (plus a few others we've accumulated through 8+ months of war)
gm Brent crude sub-$90 I hear that the Iran War is pretty much over and they've ironed out all the details except for literally any of the reasons the war kicked off in the first place (plus a few others we've accumulated through 8+ months of war)
Earlier on MacroDigest
- India's Gulf oil imports surpass Russia for first time since Iran war
- UK sanctions Russia's Slavneft in latest move against oil producers
- OPEC+ oil output in October nears pre-Iran war rate, led by Saudi Arabia
- Oil prices jump after Trump says no Iran deal needed: 'We've got their Strait'
- Oil prices rise as geopolitical risks offset rising crude output
- Oil prices edge lower as rising crude output offset geopolitical risks
- Oil rebounds as Hormuz shipping attacks blunt hopes for Iran truce
- OPEC+ oil output in October nears pre-Iran war rate, led by Saudi Arabia
- Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes
- Oil prices ease to two-month lows as US downplays further Iran strikes
- Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes
- Oil Is Stuck in Limbo, With No More Iran War But No Peace
- Oil rises from two-month low as Hormuz shipping attacks offset Iran truce hopes
- Oil prices hit two-month lows as US downplays further Iran strikes
- Oil prices hit two-month lows as US downplays further Iran strikes
- Oil Extends Drop as Trump Says Further Iran Strikes Unnecessary
- China's October crude oil imports rise to highest level since March amid Middle East war
- Crude oil prices extend losses from three-month lows on Tuesday; Here's why
- Oil Prices Fall on Hopes for Peace Between U.S. and Iran
- Oil Prices Fall on Hopes for Peace Between U.S. and Iran