Tuesday, January 7, 2025
Tankers ship Iranian fuel cargoes to U.S. for seizure- oil and gas 360

Tankers ship Iranian fuel cargoes to U.S. for seizure

Reuters LONDON/MEXICO CITY  – Tankers carrying Iranian fuel cargoes covered by a U.S. warrant for seizure are sailing to the United States after talks between U.S. authorities and ship owners, a U.S. government source and a shipping source said on Thursday. Iran had planned to transport the gasoline to Venezuela, a supply line that both Tehran and Caracas have flaunted

Oil prices inch lower as demand forecasts reduced, supply rises- oil and gas 360

Oil prices inch lower as demand forecasts reduced, supply rises

Reuters NEW YORK  – Oil prices edged lower on Friday as investors feared demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories. This week, two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil demand forecasts. [IEA/M]