Crude oil futures were lower in mid-morning trade in Asia June 29 in a sign that a three-day rally has run out of steam, with latest US consumer confidence data Continue Reading
Expect lots of oil price volatility in the coming months as markets finally discover just how much spare capacity OPEC members really have. Oil production outages in Libya and the Continue Reading
Oil took a breather after a three-day rally as traders continued to weigh the risk of an economic slowdown against ongoing tightness in the crude market. West Texas Intermediate traded Continue Reading
Oil prices fell on Wednesday, taking a break after gaining for three sessions, as concerns about the global economy weighed while tight supply curbed losses. Brent crude futures for August Continue Reading
Olaf Scholz departs following his closing news conference on the final day of the G-7 summit in Elmau, Germany, on June 28.Photographer: Liesa Johannssen-Koppitz/Bloomberg Leaders of the world’s richest economies Continue Reading
G7 leaders on June 28 tentatively backed plans for an international cap on Russian oil prices in response to the Ukraine war while pledging to boost energy security and try Continue Reading
An offshore oil well platform in the Gulf of Mexico.Photographer: Luke Sharrett/Bloomberg Group of Seven nations are set to allow some exceptional public financing of overseas fossil-fuel projects to continue Continue Reading
Workers operate a drilling rig at the West Qurna 2 oil field in Basra. (ALI ABU IRAQ/Iraq Oil Report) Two of the world’s biggest oil services companies have informed the Continue Reading
A person operates a tap of crude oil during the destruction of Bakana ii illegal camp, in Okrika, Rivers state, Nigeria January 28, 2022. REUTERS/Afolabi Sotunde/File Photo LONDON, June 29 Continue Reading
Iran has applied to join the BRICS group of major emerging economies, which includes China, Russia, and India, Reuters reported on Tuesday, a move that would help to secure an Continue Reading
