The global benchmark rose to $89.17 on Wednesday, its highest level since October 2014; the benchmark…
Tag: crude oil
U.S. Oil Busts Through $90/Bbl For First Time Since 2014
Global benchmark Brent crude settled at $91.11 a barrel, up $1.64, or 1.8%, while West Texas…
Oil Prices Fall 5% After IMF Cuts Growth Outlook
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the…
Factbox – Who Is Buying Russian Crude Oil And Who Has Stopped
Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following…
Oil Traders To Cut Russian Oil Purchases From May 15
Trading companies are, however, winding down purchases from Russian energy group Rosneft as they seek to…
OPEC Share Of India’s Oil Imports Steadies After Six-Year Slump
Russian oil continued to account for less than 1% of India’s crude imports in 2021/22. By …
Oil Settles Mixed On Russia Supply, Demand Concerns
The front-month WTI crude futures contract, which expires on Wednesday, rose 19 cents to settle at…
Oil Falls, Posts Nearly 5 Per Cent Weekly Loss On Growth Concerns
Brent crude settled down $1.68, or 1.6%, at $106.65 a barrel. U.S. West Texas Intermediate (WTI)…
OPEC Cuts 2022 World Oil Demand Forecast Due To Ukraine War
OPEC cut its forecast for growth in world oil demand in 2022 citing the impact of…
Ship Fuel Suppliers Stop Serving Russian Vessels In The Med – Report
Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including…