EU weighs cap on price paid for Russian oil as way to hit Kremlin revenues
EU member states are looking at whether to impose a ceiling on what they would pay for Russian oil as a way to hit Kremlin revenues, as they shy away Continue Reading
Oil slides as Shanghai lockdowns stoke demand fears
Oil slumped nearly 5% to the lowest in almost two weeks on Monday, extending last week’s decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to Continue Reading
Oil Sinks Below $98 as China’s Lockdowns Imperil Demand Outlook
Oil fell at the start of the week on concerns that a spreading Covid-19 outbreak in top consumer China will weigh on global demand. West Texas Intermediate futures slid almost Continue Reading
High LNG Prices Are Here To Stay
The global market for LNG has turned from a buyer’s market to a seller’s market. The West’s push to diversify away from Russian gas has created a particularly tight LNG Continue Reading
Oil falls, posts nearly 5% weekly loss on growth concerns
Oil slipped on Friday, posting a weekly loss of nearly 5%, on the prospect of weaker global growth, higher interest rates and COVID-19 lockdowns in China hurting demand even as Continue Reading
Morgan Stanley Ups Oil Price Forecast On Supply Fears
Morgan Stanley raises amount of lost Russian supply to 2 million bpd. Morgan Stanley adjusts its forecast for returning Iranian supply. Morgan Stanley revised its oil price forecast upwards for Continue Reading
Feature: Rising US gasoline costs, refinery closures and the Renewable Fuel Standard
US refiners seek remedy for high gasoline prices High RFS costs shut refineries, cuts supply E15 waiver directly helps Midwestern drivers US refiners are taking their plea to the public Continue Reading
Oil Suffers Weekly Loss as China Lockdowns, Fed Pivot Exact Toll
Oil headed for its third weekly loss in four as lockdowns in virus-hit China dragged on and the Federal Reserve signaled that monetary policy will be tightened aggressively to contain Continue Reading
European Gas Edges Lower as LNG Counters Lower Norway Supplies
Natural gas prices in Europe reversed earlier gains as ample liquefied natural gas imports offset lower deliveries from Norway amid planned works. Benchmark futures were 0.2% lower, after rising as Continue Reading
Oil rises as investors focus on lower supply from Russia, Libya
Oil prices rose on Thursday as concerns about supply as the European Union (EU) mulls a potential ban on Russian oil imports, days after diminished supplies from Libya rocked the Continue Reading