LONDON, Dec 13 (Reuters) – Oil pared gains after rising by over $1 earlier in the session, as declining optimism over a Chinese oil demand recovery capped support from supply disruptions. Brent crude futures were […]
Lower demand forecasts could materialize if China doesn’t fully reopen. The European Union is preparing to implement an oil import embargo on Russian crude oil next month and on fuels two months later. Bets on […]
US energy dominance has altered a fundamental economic relationship. Today, rising oil prices are associated with a strengthening US dollar, whereas rising oil prices once caused the dollar’s exchange rate to decline. Rising US oil, […]
Crude oil futures were higher in mid-morning trade in Asia June 7 as supply remained tight, with the ICE Brent crude marker once again retaking the $120/b level after failing to settle above it in […]
HIGHLIGHTS UK windfall tax can bring in GBP5 bil EU continues to weigh Russian oil embargo Brent and WTI crude oil benchmarks edged down in midday Europe trading May 27 after gaining throughout the week […]
Brent crude tops $113 per barrel at the start of the week. Crude prices have recovered to levels before the March 31st SPR release announcement. Libyan outages tipped the mood to slightly bullish early on […]
Oil prices slid Monday, accelerating two straight weeks of declines as lockdowns in China sparked demand fears. International benchmark Brent crude declined 3.8%, or $3.85, to trade at $98.91 per barrel. West Texas Intermediate crude futures, the U.S. […]
Crude oil’s rally continued unabated today even after the United States and several of its international allies said they may release oil from their reserves in response to the high prices. Reuters reported that the United States […]
ENB Publishers Note: If Russia is to invade, Putin needs to take the steps in the next 10 days for 2 reasons. His tanks will sink in the mud, and the demand for winter natural […]
Aramco’s move follows Brent oil jumping above $93 a barrel Prices climbing with demand strong and supply disruptions Saudi Arabia raised oil prices for customers in Asia, the U.S., and Europe after crude’s surge to […]
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