Oil volatile as supply worries offset hopes for Iran-US talks
LONDON, April 24 (Reuters): Oil prices were volatile on Friday as traders weighed supply disruptions against peace talks between the US and Iran potentially resuming.Prices rose 2 per cent earlier in the day on fears of renewed military escalation in the region after Iran released footage of commandos boarding a...
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American Airlines dims 2026 forecast as high fuel costs hurt margins
American Airlines cut its 2026 profit forecast on Thursday, pushing the lower-end of the range to a loss, as sky-high jet fuel costs driven by the Iran war hurt profit margins, reports Reuters.The airline expects its jet fuel bill to rise by more than $4 billion this year as fuel...
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Gold on track for first weekly decline in five weeks
Gold prices fell on Friday and were on course for their first weekly decline after a four-week winning streak, as a US-Iran deadlock kept oil prices elevated and inflation concerns in focus, reports Reuters.Spot gold was down 0.2 per cent at $4,683.23 per ounce at 0938 GMT, having hit its...
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IEA sees 'tight' liquefied natural gas markets through 2027
PARIS, France, April 24 (AFP): Liquefied natural gas (LNG) supplies are likely to remain strained through the end of 2027 due to disruptions and infrastructure damage from the US-Iran war, the International Energy Agency said Friday.Energy prices have soared since Tehran effectively closed the Strait of Hormuz to Gulf tanker...
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