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ExxonMobil Holdings Corporation (NYSE: XOM ) shares are trading higher by almost 2% during Monday’s premarket session as Brent crude futures rebounded. U.S. President Donald Trump rejected an Iranian peace proposal aimed at resolving the conflict and reopening the Strait of Hormuz. Iran presented the peace proposal at
Goldman said a US diesel export ban or quotas could pressure diesel prices lower at first, while longer curbs may lift gasoline prices.
SINGAPORE, Sept 24 (Reuters) — Asia's diesel markets gave back some of the previous session's gains, with timespreads and cash premiums easing back to levels seen two sessions earlier, while jet fuel cash premiums climbed to a one-week high. Some October discussions were still ongoing for Northeast Asian barrels, with
SINGAPORE, Sept 24 (Reuters) — Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban rebounded as traders saw little meaningful progress from US-Iran talks and feared for a prolonged conflict. Iran and the US remain divided over how to end their conflict, but diplomacy must continue, a senior Iranian of
Industry groups and businesses have urged President Donald Trump to rescind the plan to ban or limit exports of diesel, which has been pushed back against by Energy Secretary Chris Wright amid record-high diesel prices and energy shocks due to the Strait of Hormuz uncertainty, as well as the Russia-Ukraine war. Diesel
US Energy Secretary Wright: A diesel exports ban could raise gasoline prices.