Oil prices rose about 4% as U.S. gasoline prices jumped to a record high. By Reuters…
Tag: crude oil
U.N. Seeks $144 Million To Offload Decaying Yemen Oil Tanker
David Gressly, the UN Resident and Humanitarian Coordinator for Yemen, said he hoped a donors conference…
Iran Says Crew Of Two Seized Greek Tankers Not Detained And Are On Board
Iranian forces seized two Greek tankers in the Gulf, shortly after Tehran warned it would take…
Oil Rises To 2-Month High On Tight Supplies, EU Seeks Russian Crude Ban
Hungary remains a stumbling block, as EU sanctions require unanimous support. Hungary is pressing for about…
Indian Oil Minister Says Oil At $110 A Barrel Not Sustainable
India’s Oil Minister Hardeep Singh Puri told the World Economic Forum in Davos on Tuesday that…
Oil Gains 1.5%, Posts Another Weekly Rise On Supply Concerns
Oil prices rose nearly 1.5%, posting a second straight weekly increase as impending European Union sanctions…
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia’s production dropped by 9% in April, and the country, part of the OPEC+ group, produced…
Oil Settles Shy Of $120 A Barrel On OPEC+ Deal, Saudi Pricing
Saudi Arabia raised the July official selling price (OSP) for its flagship Arab light crude to…
India’s Fuel Demand Jumps 24% Year-On-Year In May
Last month’s increase was the biggest year-on-year jump since April 2021. Consumption also rose modestly, by…
Oil Prices Settle Down On Fears Of Fed And Oil Profit Tax
Tight supply has been aggravated by a drop in exports from Libya amid a political crisis…