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CRUDE OIL PRICE AUGUST 2023
Crude oil prices slide 4% as markets look past Iran sanctionsOil prices dropped significantly as traders viewed new US sanctions on Iran less severely. Brent crude and West Texas Intermediate both rea...- UK gilt yields fall to lowest since mid-August as oil price slidesBritish government bond yields have reached their lowest point since mid-August, with ten-year gilt yields dropping markedly to levels not ...
- India pivots to US for LPG, LNG as West Asia crisis disrupts Gulf suppliesIndia is sharply increasing LPG and LNG imports from the United States as West Asia disruptions constrain traditional Gulf supplies. US LPG...
- India bonds flat as oil prices shrug off US curbs on IranIndian government bonds experienced little movement early Tuesday, stabilizing after a recent decline. Oil prices reacted unfazed to new US...
- Asian buyers snap up US crude, adding stress to tight marketAsian refiners are set to nearly double purchases of US crude for September as Middle Eastern oil prices surge amid the Iran war and Strait...
- Oil Price Today (August 25): Crude oil at $92 as investors digest US economic sanctions on Iran. What’s next for investors?Brent crude futures were up 6 cents, or 0.1%, at $92.16 a barrel, while U.S. West Texas Intermediate crude was up 15 cents at $85.12. Both ...
- India 10-year bond yield clings to 6.85%; traders eye oil moves amid sanctions threatIndian government bonds remained steady as traders awaited oil price movements. US sanctions on Iran could impact global crude prices signi...
- Oil Price Today (August 24): Crude oil slips below $93 ahead of US sanctions announcement on Iran. What are experts saying?US Treasury Secretary Scott Bessent, who is scheduled to hold a press conference at 2 p.m. EDT (1800 GMT) on Monday, has threatened to impo...
- The Hormuz crude volume debate masks the real shortage of refined fuelsThe oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asia’s refined fuel markets show clearer s...
- Oil Price Today (August 21): Crude oil nears $95 as Iran peace deal hopes fade. What are experts saying?Crude oil Price today: An earlier peace deal between the sides expired this week, with neither side making efforts to resume talks. U.S. Pr...
- Oil Price Today (August 20): Crude oil above $92/barrel as Trump vows ‘tremendous’ economic warfare on IranAs tensions rise in the US-Iran conflict, oil prices remain steadfast above ninety-two dollars per barrel. Concerns loom over the security ...
- India reworks oil map with Venezuela as Hormuz battlefield keeps Gulf flows in doubtIndia is increasing crude oil imports from Venezuela and Latin America. This diversification aims to secure supplies amid Middle East disru...
- ADNOC launches ninth spot crude tender since June, sources sayAbu Dhabi National Oil Company is offering spot crude oil in a tender. This tender is for Upper Zakum, Umm Lulu, and Das crude oil. Bids ar...
- China boosts imports of Russian crude, stymieing India's refinersChina's growing demand for Russian crude oil is impacting India's supply. India's imports from Russia's European ports have significantly d...
- Oil prices steady as investors assess US-Iran war outlookOil prices stabilized as market participants evaluated the potential implications of the ongoing U.S.-Iran conflict. Shipping activity in t...
- India's July crude oil imports rise over 9% month-on-monthIndia crude imports: On an annual basis, crude oil imports were up 13%, from 18.89 million tons in July last year, data from the Petroleu...
- India bonds cling to range as traders parse oil riskIndian government bonds experienced restrained trading on Wednesday, influenced by softer U.S. Treasury yields which offered some stability...
- Oil Price Today (August 19): Crude oil nears $92/barrel as Trump claims US in no talks with Iran. What lies ahead?Crude oil prices edged closer to $92 a barrel on August 19 as escalating Middle East tensions and diplomatic stalemates between the US and ...
- Oil Price Today (August 18): Crude oil crosses $91/barrel amid fading US-Iran peace hopes. What lies ahead?Crude oil prices surged past $91 per barrel on Tuesday, August 18, as peace talks between the US and Iran stalled. With shipping disruption...
- Oil drops on lower demand forecasts despite deadlock in US-Iran talksOil prices dipped as demand forecasts for 2026 were lowered due to the U.S.-Israeli war on Iran. Despite supply concerns from the conflict,...
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