Traders piled into options that oil could surge even further after rising to the highest since 2008, with some even placing low-cost bets that futures surpass $200 before the end Continue Reading
Highlights China may be ‘backstop home’ to Russian crude Saudi OSPs to Asia could have been even higher Oil rally not over: Mike Muller High oil prices are likely to Continue Reading
Western allies’ sanctions against Russia have started to blowback in the form of large potential losses for their own banks, companies and investors, often in unexpected ways. In the past, Continue Reading
The United States and European allies are exploring banning imports of Russian oil, U.S. Secretary of State Antony Blinken said on Sunday, and the White House coordinated with key Congressional Continue Reading
Russia’s invasion of Ukraine and the financial reckoning imposed on Moscow in response are proof that the triumphant globalization campaign that began more than 30 years ago has reached a dead end. Continue Reading
Iran believes a deal on its nuclear program can be quickly reached if Washington accepts points made by Tehran at talks in Vienna, the Foreign Ministry said on Monday, adding Continue Reading
Iraq appears to be overcoming temporary outages at two southern oil fields and avoiding major disruptions to its overall oil production. The West Qurna 2 field — whose roughly 400,000 Continue Reading
Fresh demands from Russia threatened to derail talks to restore the 2015 Iran nuclear deal, as Moscow said it wanted written guarantees that Ukraine-related sanctions won’t prevent it from trading broadly with Continue Reading
The chief executive of ONGC Videsh, India’s second-largest oil and gas company, on Sunday confirmed talks between India and the U.S. State Department are underway to allow the company to Continue Reading
The Indian rupee tumbled to a record low, while stocks and bonds also slumped as a relentless surge in oil prices darkened the nation’s economic outlook. India relies on overseas Continue Reading
