Oil Prices Tumble as Tensions in the Middle East Cool
Monday, 28 October 2024 () Crude oil prices began the week with a loss, after Israel’s retaliatory strike against Iran failed to inflict substantial enough damage, according to the Iranian side, thus reducing the risk of another flare-up in violence. “The more limited nature of the strikes, including avoiding oil infrastructure, have raised hopes for a de-escalatory pathway, which has seen the risk premium come off a few dollars a barrel,” Saul Kavonic, energy analyst with MST Marquee, told Reuters. Indeed, Israel did not target oil infrastructure or nuclear…
A devastating fire erupted at the Khuzestan oil refinery in Iran, causing significant damage and raising concerns about potential sabotage. Speculation is rife about Israeli involvement, given ongoing..
Tensions in the Middle East escalate as Israel prepares for a possible strike on Iran's oil facilities after Tehran’s missile attack. With the U.S. pledging support for Israel, and Iran warning of..
In this video, OneIndia's Pankaj Mishra interviews Ravi Srivastava, Former Chief Manager at HPCL, to explore the geopolitical dynamics driving global oil prices. The discussion focuses on India’s..
Monday, 28 October 2024 ()
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