Oil gains as Russia-Ukraine talks stall
Oil prices extended their gains on Friday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the specter Continue Reading
Oil Climbs Near $106 After Jumping on Doubts Over Peace Talks
Oil extended gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel as the Kremlin cast doubt on the progress of peace talks with Continue Reading
The World Could See A Record-Breaking Oil Supply Shock
IEA: market could lose around 3 million bpd of supply from Russia starting in April. Sanctions come at a time that OECD crude inventories were already well below their 5-year Continue Reading
Oil Advances After Three-Day Rout as Volatility Rattles Market
Oil rose amid a broader rally in stocks after a three-day slide, with investors continuing to weigh the fallout from Russia’s invasion of Ukraine and Covid-19 lockdowns across top crude Continue Reading
EIA: Oil Prices Will Remain Above $100 For Months
Oil prices will remain higher than $100 per barrel in the coming months, reflecting the geopolitical risk from Russia’s war in Ukraine and the tight energy markets with the current Continue Reading
Why Oil Crashed Back Below $100
StanChart: key fundamentals are largely unchanged and are also subject to an unusually high level of uncertainty. The sharp decline in crude prices was triggered by a strong bout of Continue Reading
Energy Spending To Hit Record 13% Of Global GDP In 2022
Rallying energy commodity prices are expected to drive up primary energy expenditures globally to a record 13 percent of world gross domestic product (GDP), comparable to the energy cost levels Continue Reading
Gasoline Prices Serious Problem For Most Americans: Poll
More than half of all Americans have found the price of gasoline a “very serious problem” or “somewhat serious problem” according to new polling data . A new Quinnipiac poll Continue Reading
Oil prices climb as Russia-Ukraine ceasefire talks stoke volatility
Oil prices rose as much as $3 on Wednesday, bouncing back after earlier declines, as Russia’s invasion of Ukraine continues to stoke volatile trading with ceasefire talks the latest market Continue Reading
Crude oil futures higher as market weighs impact of China lockdowns, Iran deal progress
Crude oil futures were higher in mid-morning trade in Asia March 16 as market participants weighed the impact of China’s worsening COVID-19 outbreak on demand and signs of progress in Continue Reading