Some of the world’s biggest oil companies and commodity traders are at risk of disruption to their extensive business operations in Russia if the west follows through with “unprecedented” sanctions Continue Reading
Middle Eastern oil producers hiked their March-loading formula prices on the back of tight inventories and strong demand. The divergence between OPEC’s self-reported production figures and third-party assessments continues to Continue Reading
Gasoline prices have risen for eight straight weeks, according to new data published by Gas Buddy on Monday. And a major refinery explosion in New Orleans could threaten to send Continue Reading
Crude oil futures were lower in mid-morning Asian trade Feb. 21 after surging at the open as developments in the Russia-Ukraine crisis continue to drive sentiment, with Western leaders trying Continue Reading
Uncertainty drove oil prices higher when trading opened on Sunday as more Russian troops massed on Ukraine’s borders, but they fell later in the night as news reports said President Continue Reading
Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. Continue Reading
Oil producers have had a great year with oil prices rallying by as much as 20% in 2022 alone. Higher oil prices could incentivize upstream investments and help push more Continue Reading
Oil posted its first weekly loss in two months as traders weighed heightened geopolitical tensions over Ukraine against the potential for Iranian barrels to be added to the market. West Continue Reading
Crude oil futures were lower in mid-morning Asian trade Feb. 18, tracking the overall bearish tone in equity markets as heightened tensions in the Russia-Ukraine crisis sparked a widespread sell-off Continue Reading
Oil posted its first weekly loss in two months as traders weighed heightened geopolitical tensions over Ukraine against the potential for Iranian barrels to be added to the market. West Continue Reading
