energy

Hedge funds boosted bearish bets on US crude to the most in nearly five months on expectations that a preliminary peace deal between Washington and Tehran will boost Middle East oil flows through the Strait of Hormuz.

Oil tanker traffic picks up through Hormuz Reuters

The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.

Iranian crude is flooding onto the global market again, just as the US waives sanctions on the cargoes, permitting far more countries to buy them.

Metlen Energy & Metals issues shares for incentive plan

Oil prices fall on hopes that more Iranian crude will hit the global market as supplies near critically low levels.

A decline in oil prices drove stocks closer to their all-time highs as peace talks between the US and Iran showed signs of progress after a rocky start to the negotiations.

Qatar said it doesn’t expect liquefied natural gas exports to be impacted by an explosion at the Ras Laffan industrial complex which left 13 dead and 66 injured.

They cannot hold back the energy crunch for ever

Oil falls after US-Iran talks conclude in Switzerland Reuters