Oil Prices Surge After Iranian Drone Allegedly Struck Israeli Billionaire’s Crude Tanker
An oil tanker belonging to Israeli billionaire Idan Ofer’s company Eastern Pacific Shipping was allegedly hit by a “projectile” off
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Crude OIl
Europe Importing More Russian Oil Than Before Sanctions
The EU is importing more Russian oil than before western leaders imposed crippling (or what were meant to be crippling)
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Crude Oil Jumps Above $120 as EU Members Stall on Russian Oil Embargo, Shanghai Eases Covid-19 Restrictions
Crude prices hit a two-month high this week, as China continued to ease Covid-19 restrictions and the EU failed to
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Biden Administration Eases Venezuelan Energy Sanctions in Effort to Boost Oil Supply
The White House is moving ahead with easing sanctions on Venezuela’s government, in a bid to boost the global oil
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The Great Oil Sale! Russia Sells Heavily Discounted Crude to India as Sanctions Bite
Russian President Vladimir Putin is offering substantial discounts on oil sales to India, as crippling Western sanctions take their toll
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Caught Between a Rock and a Hard Place: India Mulls Importing Russian Gas Despite Ukraine Crisis
As the list of countries denouncing Russian President Vladimir Putin’s military mission in Ukraine continues to grow, India faces an
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Joe Biden Quietly Calls on US Oil Companies to Boost Production
In a hail Mary attempt to somehow slow down the skyrocketing increase in oil prices, the Biden administration decided to
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Crude Prices Surge to $110; Natural Gas Price Hits Record-High
It’s been another wild day for commodity markets, as broadening Western sanctions over Russia’s invasion of Ukraine spark fears of
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OPEC Maintains Small Output Increase Despite Strong Demand, Rising Prices
Global crude markets are about to get a paltry boost in additional oil output, after OPEC and its allies agreed
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OPEC Crude Production Falls Short of Output Deal as Pumps Brace for Fuel Price Hikes
OPEC’s output fell short of projections last month, as a number of the cartel’s smaller members suffered outages, further fuelling
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