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Oil Updates — Crude gains; S-Oil expects lower refining margins in Q3; Iranian tanker to retrieve confiscated oil cargo

RIYADH: Oil gained more than $1 a barrel on Thursday, extending gains from the previous session, buoyed by improved risk appetite among investors while lower crude inventories and a rebound in gasoline demand in the US supported prices. Brent crude futures for September rose $1.20, or 1.1 percent, to $107.82 a barrel by 0158 GMT, after gaining $2.22 on Wednesday. US West Texas

Iranian tanker to retrieve oil cargo confiscated by US this week

Iranian tanker to retrieve oil cargo confiscated by US this week
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Greece s Top Court Backs Iran In Oil Tanker Row

“Greece’s Supreme Court, the country’s highest judicial authority, upheld a verdict issued by the appeals court in favour of Iran,” Tehran’s Embassy in Athens

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