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ISRAEL AT WAR - DAY 528

oil prices

Signs marking the intersection of Broad and Walls Streets stand near the New York Stock Exchange on Tuesday, October 1, 2024, in New York. (AP Photo/Peter Morgan)
October 2, 2024, 2:49 am
Stock markets slump, oil jumps as Iran attack sparks fear of all-out war in Mideast
Wall Street’s main indices fall in the immediate aftermath of the missile attack; tech-heavy Nasdaq dropped 1.5%
By AFP and ToI Staff
A BP oil refinery is seen in Gelsenkirchen, Germany, Tuesday, Oct. 24, 2023. The World Bank says oil prices could be pushed into “uncharted waters” if the war between Israel and Hamas were to escalate. (AP Photo/Martin Meissner, File)
October 30, 2023, 3:23 pm
World Bank warns Israel-Hamas war could push oil prices into ‘uncharted territory’
Bank says worst-case scenario would see conflict spread across the region and oil prices exceed $140 per barrel, driving up the cost of food
By AFP
Managing Director of the International Monetary Fund Kristalina Georgieva attends the annual meetings of the IMF and World Bank Group in Marrakesh on Thursday, October 12, 2023. (Fadel Senna/AFP)
October 12, 2023, 7:02 pm
Israel-Gaza war could add to global economic woes, IMF head warns
Kristalina Georgieva says ongoing war is ‘darkening the horizon’ for an already weakened global economy as energy watchdog keeps an eye on feared oil supply disruptions
By AFP
Footage purportedly showing an explosion at Engels air base in Saratov, Russia, December 5, 2022. (Twitter video screenshot: used in accordance with Clause 27a of the Copyright Law)
December 5, 2022, 4:18 pm
Blasts rock two Russian bases, one housing nuclear-capable bombers
Russian state media says 3 servicemen dead, plane damaged after fuel truck explodes in Ryazan; separate explosion at Engels air base, location of long-range craft
By Jamey Keaten
An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, October 11, 2022, one of the largest facilities for oil and petroleum products in southern Russia. (AP Photo, File)
December 4, 2022, 10:48 am
Russia rejects G7 and EU capping oil at $60 per barrel, threatens to shut spigot
‘From this year, Europe will live without Russian oil,’ says Moscow official; Kyiv says limit doesn’t go far enough
By Jamey Keaten
An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, October 11, 2022, one of the largest facilities for oil and petroleum products in southern Russia. (AP Photo, File)
December 3, 2022, 12:29 pm
G7, EU agree Russia oil price cap to deny Moscow funds for Ukraine ‘war machine’
Limit will come into effect on Monday, along with European embargo on Russian crude oil; White House: ‘Welcome news’; Putin threatens further strikes on Ukrainian infrastructure
By AFP
Sen. Robert Menendez, D-NJ, speaks during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act on Capitol Hill, September 28, 2021, in Washington. (Kevin Dietsch/Pool via AP)
October 11, 2022, 6:57 am
Top Democrat urges halt to Saudi weapons sales after decision to cut oil production
Sen. Bob Menendez says Riyadh ‘underwriting’ Russia’s war in Ukraine after Saudis and other oil producers took decision aimed at boosting crude prices
By AFP
Illustrative: A driver looks at the pump at a gas station in London, June 9, 2022. (AP Photo/Frank Augstein, File)
August 16, 2022, 8:47 am
Oil prices tumble as prospects of Iran deal grow, China economy struggles
US oil futures drop nearly 3% to finish below $90 a barrel; ‘risk of a global recession is pretty high at the moment,’ says financial analyst
By Agencies
US President Joe Biden exits the room after speaking to the travelling press following a working session with Saudi Arabia's Crown Prince at the Al-Salam Palace in Jeddah, on July 15, 2022. (MANDEL NGAN / AFP)
July 16, 2022, 6:25 am
Biden to talk oil, Iran at Arab summit concluding Middle East tour
Meeting in Jeddah will bring together leaders of the six-member Gulf Cooperation Council as well as Egypt, Jordan and Iraq
By Agencies
Protesters, some dressed as United States President Donald Trump and Crown Prince Mohammed bin Salman, stand on the steps of City Hall in New York, Tuesday, March 20, 2018. (AP/Seth Wenig)
June 14, 2022, 11:12 pm
With Saudi trip, Biden places risky bet on what ‘pariah’ nation can offer
Planned trip to oil-rich kingdom comes as China increasingly looks to Gulf Arab nations, which have mostly rebuffed US efforts to isolate Russia over its invasion of Ukraine
By Shaun Tandon
A worker pumps gas at a Lukoil station in Newark, New Jersey, on March 2, 2022. (AP/Ted Shaffrey)
March 9, 2022, 1:56 pm
World heading to Yom Kippur War-level oil shock, French minister says
Bruno Le Maire warns Russia’s invasion of Ukraine and subsequent sanctions on crude will send prices to record highs not seen since OPEC embargo following the 1973 conflict
By AFP
Illustrative: Gas prices are shown on March 7, 2022, in Tumwater, Washington, as the cost of gasoline hit the highest price that American motorists have faced since July 2008. (AP Photo/Ted S. Warren)
March 8, 2022, 7:58 pm
In latest steps against Russia, US and Europe target oil and gas imports
Biden announces US ban on all oil imports, UK says it will phase out such imports by end of 2022; EU plans two-thirds cut in Russian gas purchases this year
By Agencies
The tanker Sun Arrows loads its cargo of liquefied natural gas from the Sakhalin-2 project in the port of Prigorodnoye, Russia, October 29, 2021. (AP Photo, File)
March 8, 2022, 2:42 am
What would a US ban on Russian oil imports accomplish?
With public outrage over the invasion of Ukraine rising, Biden administration is less able to resist measure, which could further increase inflation and prices at the pump
By John BIERS
Illustrative photograph of drilling oil on land. (bashta, iStock at Getty Images)
March 2, 2022, 8:39 am
Oil surges to $110, equities sink as investors fret over Russian invasion of Ukraine
Wide-ranging sanctions against Moscow fuel uncertainty in global markets, with prices of crucial commodities such as metals and grains soaring
By AFP
This photo from September 15, 2019, shows storage tanks at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia. (AP Photo/Amr Nabil, File)
March 8, 2021, 1:20 pm
Oil prices surge after attack on Saudi site by Iran-backed Houthis
Strikes on Saudi facilities have increased in frequency and precision in recent weeks, raising concerns about kingdom’s air defenses and the expanding capabilities of the rebels
By Cathy Bussewitz and Elaine Kurtenbach
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