Russian state oil revenues fall 40% on sanctions Tanker owners post record profits, traders and bankers say India, China get cheaper oil LONDON, Feb 8 (Reuters) – Western sanctions on Russia have significantly reduced […]
Oil rallied as Saudi Arabia signaled confidence in the demand outlook with a surprise boost in crude prices, while investors awaited comments on monetary policy from Federal Reserve Chair Jerome Powell. West Texas Intermediate futures […]
Oil rose as a major oil pipeline was temporarily halted, while key producers flagged stronger Chinese demand just as more sanctions on Russian flows take effect. West Texas Intermediate climbed toward $74 a barrel after […]
Summary Brent and WTI post weekly declines of nearly 8% U.S. reports blowout job growth EU agrees on price caps on Russian refined oil products Russia says EU oil products ban will unbalance markets NEW […]
Oil advanced as investors weighed the outlook for Chinese demand, while a weaker dollar made some commodities more attractive for buyers.West Texas Intermediate traded near $81 a barrel, after settling little changed on Wednesday. The […]
Oil was stable as traders waited for fresh signals on the state of Chinese crude demand after the nation ditched Covid curbs. West Texas Intermediate for March delivery was little changed above $81 a barrel […]
As OilPrice’s Alex Kimani writes, oil prices have kicked off the new year on the back foot, tumbling to large losses in the first week before staging a modest recovery in the second as demand […]
Authored by Julianne Geiger via OilPrice.com, Hedge fund manager Andurand: full reopening of Chinese economy could send oil prices past $140 per barrel. Andurand: The market is underestimating the scale of the demand boost. Andurand […]
One of the owners of the Fort Hills oil sands project in Alberta appears to be taking exception to a plan by Teck Resources (TSX:TECK.B) to exit the oil sands business by selling its […]
Having promised that it would reveal its response to the recently implemented by the G7 price cap on Russian oil exports, moments ago the Kremlin did not disappoint, and as the WSJ reports, Russian President […]
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