Global shortages of middle distillates such as diesel, gas oil, and heating oil are intensifying rather than easing – making it more likely a relatively severe slowdown in the business Continue Reading
Moscow is prepared to reject the renewal of an agreement on grain exports from Black Sea ports unless its demands are addressed, Russia’s UN ambassador in Geneva has told Reuters. Continue Reading
Russia says it has summoned the ambassadors of Germany, Denmark, and Sweden and handed them notes of protest challenging their investigations into several explosions on the Nord Stream gas pipelines Continue Reading
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Oil prices were stable on Friday as support from a large cut to the OPEC+ supply target and a weaker dollar were countered by global recession fears and weak oil Continue Reading
The U.S. Energy Information Administration lowered its Brent spot average price forecasts. The U.S. Energy Information Administration (EIA) lowered its Brent spot average price forecast for 2022 and 2023 in Continue Reading
After climbing for two weeks, oil prices are set to post a weekly loss this week as new inflation data in the U.S. highlighted looming economic problems. The OPEC+ decision Continue Reading
Oil headed for a weekly loss as central banks’ inflation-fighting measures risk growth and Chinese demand remains muted amid virus lockdowns. West Texas Intermediate futures fell toward $88 a barrel Continue Reading
OPEC+ decision to cut output may lead to supply deficit in oil markets. Global oil inventories are in a decline that would be difficult to reverse. U.S. distillate inventories are Continue Reading
Nine rockets landed on Thursday around the Iraqi capital’s Green Zone, home to government buildings and foreign missions, the military said, shortly before parliament began a session to elect a Continue Reading
