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Commodities

The Oceania Times > Commodities
  • August 3, 2026
  • Noah
  • Commodities

Major oil companies profit as US-Iran tensions drive energy prices higher

Major oil companies are experiencing substantial profits amid escalating US-Iran tensions, which have driven energy prices higher and disrupted petroleum shipments. The report from Euronews suggests that the ongoing...
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  • August 3, 2026
  • Noah
  • Commodities

Oil prices plunge and Europe’s stock markets rally after Trump calls off Iran strikes | Oil

Crude oil prices fell sharply and European stock markets rallied on Monday after Donald Trump cancelled planned strikes on Iran to focus on negotiations for a peace deal. Brent...
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  • August 3, 2026
  • Noah
  • Commodities

Crude oil futures fall over 5% as Trump pauses planned Iran strike

Crude oil futures declined by more than 5 per cent on Monday morning after US President Donald Trump put a planned strike on Iran on hold to pave the...
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  • August 3, 2026
  • Noah
  • Commodities

Crude Oil Prices Plunge Over 5% As Trump Returns To Negotiation Table With Iran

Oil prices declined sharply in early Asian trading on Monday after US President Donald Trump halted plans for further military strikes on Iran, raising expectations that diplomatic efforts could...
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  • August 3, 2026
  • Noah
  • Commodities

Oil slumps; Brent crude declines over 7% as US calls off Iran strike, agrees to fresh talks

Oil prices tumbled on Monday August 3, with Brent crude sinking as much as 7.3% to $81.55 a barrel before recovering some ground to trade near $84. West Texas...
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  • August 3, 2026
  • Noah
  • Commodities

Kuwait raises crude oil output to near 2mln bpd in July, source says

FILE PHOTO: An aerial view of crude oil depots, in Al Ahmadi, Kuwait, December 11, 2023. REUTERS/Nicolas Economou. The rise in Kuwaiti output suggests that...
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  • August 3, 2026
  • Noah
  • Commodities

Oil prices drop 6% as Trump cancels Iran attack for nuclear deal pursuit

Oil prices have fallen sharply, dropping over 6% following reports that former U.S. President Donald Trump canceled a planned attack on Iran to pursue a nuclear deal. The decision...
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  • August 2, 2026
  • Noah
  • Commodities

FireFly Metals share price on watch following strong Green Bay drilling results and outlook

The FireFly Metals Ltd (ASX: FFM) share price is in focus after the company reported more high-grade copper and gold drill results from its Green Bay project in Canada....
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  • August 2, 2026
  • Noah
  • Commodities

Nigeria’s crude export earnings fall 14% despite higher oil output

Nigeria’s crude oil export earnings declined by 14.4 percent to $31.54 billion in 2025, despite recording higher crude oil production during the year, highlighting the country’s continued vulnerability to...
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  • August 2, 2026
  • Noah
  • Commodities

Brent crude logs weekly loss of nearly 9%; what next for oil, rupee and fuel rates?

International oil benchmark Brent closed at $90.2 per barrel on Friday, July 31, gaining $3.4 or 3.9 per cent during the session. The global benchmark traded between $87.1 and...
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