Crude prices declined in volatile trading on Thursday as investors assessed the potential for new supply in tight markets amid prospects of a new Iran deal. Brent futures were down Continue Reading
Damage at the CPC terminal in Kazakhstan may take up to 1 million bpd of crude oil off the market. Trafigura’s co-head of oil trading Ben Luckock said that an Continue Reading
Oil fluctuated as investors weighed threats to supplies from the month-old war in Ukraine, with President Joe Biden set to address the crisis on a key trip to Europe that Continue Reading
Some of the world’s most respected oil traders have predicted crude prices could climb beyond $200 a barrel this year owing to a growing international boycott of Russia and a Continue Reading
Crude oil prices continued up today after the Energy Information Administration reported a crude oil inventory draw of 2.5 million barrels for the week to March 18. This compared with Continue Reading
Brent oil will likely hit $150 a barrel this year as the supply shock from the war in Europe coincides with resilient demand from people keen to travel after the Continue Reading
When it comes to commodities, Russia’s invasion of Ukraine is a huge deal for the crop—and food more broadly. Photographer: Jonathan Alpeyrie/Bloomberg When it comes to commodities, Russia’s invasion of Continue Reading
Buyers in the West are shunning Russian oil, sparking fears of a potential supply shortage. Some experts are warning that pulling Russian oil off the market could result in a Continue Reading
Compounding ongoing supply chain concerns, Russia’s war on Ukraine is posing a major problem for the auto industry. The industry has already spent the past two years trying to catch Continue Reading
Russian officials announced this week sea storms had caused major disruption to Kazakh oil flows to global markets, leaving traders scrambling to find out the extent of the damage. The Continue Reading
