energy

Oil rises after US launches fresh strikes against Iran Reuters

A recovery in Middle Eastern oil supplies could be set back if renewed tensions disrupt shipping in the Strait of Hormuz, Goldman Sachs Group Inc. said.

Asian shares climbed for the first time in three days, following a rally in chipmakers. Oil extended its gains after the US said it struck Iran for a second straight day.

Oil rises more than a dollar per barrel as US launches fresh strikes against Iran Reuters

War, weather and outages may still send gas prices soaring

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Bailey Lipschultz. (Source: Bloomberg)

Oil extended a powerful surge as the US struck targets in Iran for a second day, raising risks for energy supplies from the region.

War, weather and outages may still send gas prices soaring

Saudi Arabia’s attempts to revive oil flows from its reopened Ras Tanura terminal on the Persian Gulf are running into caution from customers, who are reluctant to load there because of renewed threats to shipping, according to people familiar with the matter.

Origem Energia SA, the Brazilian natural gas and oil company, is aiming for an enterprise value of $2 billion to $2.5 billion as it seeks strategic alternatives to raise capital, according to people familiar with the matter.