19 nations, including 5 oil…
The seizure of two oil…
Brent Crude prices could jump to well above $150 per barrel if Russia’s oil exports fall off a cliff in the coming months, according to Bank of America. “With our…
Oil prices rose early on Thursday, extending this week’s gains, as demand looks strong with the U.S. driving season starting and Shanghai in China gradually reopening after two months of…
Oil prices were up early on Friday, headed for a small weekly gain, but a gain nevertheless—the fourth in a row—as gasoline and diesel supply globally struggle to meet rising…
The average investor might not think much about the oil price spread between West Texas Intermediate (WTI) and Brent Crude, which is usually only a couple of dollars…
As a growing number of economists and Wall Street bankers warn that a recession is coming later this year or next year, another camp of analysts says that…
Oil prices rose above $114 a barrel early on Tuesday, reaching the highest level in eight weeks, amid a tight global fuel market and expectations that Chinese demand will start…
A key factor in the upper band of the benchmark crude oil trading ranges over the past weeks is market concern over a ban of Russian oil exports…
Oil prices were set for a second consecutive weekly increase early on Friday, as the EU’s proposal to ban imports of all Russian crude and oil products by…
The Biden Administration will purchase 60 million barrels of crude in Q3 in an effort to replace volumes in the U.S. strategic petroleum for the first time in…
The European Commission on Wednesday officially proposed a full ban on Russian crude and oil product imports by the end of the year—a move that sent
Crude oil prices remained bullish Tuesday morning after the latest signal from the European Union that it is preparing to impose an oil embargo on Russia.
With oil prices still over $100 a barrel, one thing is certain. Oil companies are going to make big profits. But misconceptions abound about the connection between high…
Crude oil prices are set to record the longest string of monthly gains since early 2018, Bloomberg reported today, citing the increased price volatility resulting from the war…
The biggest energy shock since the 1970s is expected to keep oil and other energy prices elevated for years as the Russian invasion of Ukraine is changing energy trade flows…
Oil prices have fallen to a two-week low, dipping below $100 on fears of the further demand consequences of a COVID-19 lockdown in China that has sparked bearish…
Oil demand in the world’s top crude oil importer, China, is expected to decline by 1.2 million barrels per day (bpd) in April from a year ago—the largest hit to…
Crude oil price moved higher today after the U.S. Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 15. This…
As Shanghai prepares to reopen factories amid a strict COVID-19 lockdown that had driven oil prices lower last week, the IMF has cut its global economic growth forecasts…
Oil prices could shoot up to a record $185 per barrel if the European Union acts to impose a full immediate ban on imports of Russian oil, JPMorgan says. The…
Supported by outages in Libya and concerns about the loss of some Russian supply, oil rose early on Monday after a long weekend, returning to the levels last seen at…