Latest stories from Irish and international outlets, and the events moving fuel prices.
A sanctioned Iranian tanker carrying about 500,000 barrels of liquefied petroleum gas slipped past the U.S. naval blockade and delivered its cargo to China, according to United Against Nuclear Iran (UANI), which says it filmed the ship at…
Irish stock market was boosted by strong results from Ryanair on Monday
Sunday saw another vessel attacked in Persian Gulf regional waters. The UK Maritime Trade Operations agency (UKMTO) reported that a ship was struck by two projectiles some 83 miles east of Ras al-Khafji, which is the Saudi town on the Kuwa…
The 1% VRT increase will hit regular hybrids but plug-in hybrids and EVs avoid the rise
Brent crude dropped by more than 6% to $105.55 a barrel, the lowest level in two weeks The oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war. Brent crude, the international…
Oil prices plunged nearly 7% on Monday after Washington and Tehran both signaled they would give diplomacy a chance, wiping out part of the war premium that lifted crude through October. Brent traded at $105.60 per barrel, down $7.85, and…
Areas of dense fog developing. Potential impacts: Poor visibility Difficult travelling conditions
A major oil hub in Russia’s Volga region appears to have caught fire after an attack, Bloomberg reported on Monday, citing satellite images from NASA’s Fire Information for Resource Management System. An image taken on Monday showed a rela…
Oil prices extended losses from Asian trade into early Monday morning U.S. time as a draft proposal on a potential end to the U.S.-Iran war is now being circulated after Iranian negotiators left Qatar, an official briefed on the talks told…
Previous close $115.32. Large oil moves usually reach Irish pump prices within a few weeks.
The world needs strategic storage and refining capacity closer to consumers after 1 billion barrels of oil have been drained from global inventories following the disruption of Strait of Hormuz traffic, ADNOC’s chief executive Sultan Al Ja…
Iraq has boosted its crude oil exports via the Turkish Mediterranean port Ceyhan to 500,000 barrels per day (bpd), as OPEC’s second-largest producer has started trucking Basrah crude to the pipeline system to the north. Iraq has hiked expo…
Airline also weighs up increasing use of AI as part of cost-cutting measures to offset impact of Iran war Ryanair is considering cost-cutting measures including implementing pay freezes, reducing crew on flights and increasing the use of A…
The company reported profits of €2.15 billion in the first half of this year, down 15% on the same six-month period last year.
Goldman Sachs commodity analysts have revised their price forecast for Brent crude upwards, now expecting the benchmark to average $105 in December and remain elevated next year as well. This represents a nearly 17% increase from Goldman’s…
Stories belong to their publishers — we link to the original source. Updated every few minutes.
