BY TYLER DURDEN Update (9:37am ET): just as expected, this hit moments ago on Reuters: OPEC+ JTC MEETING DID NOT DISCUSS EXEMPTING RUSSIA FROM OIL…
Posts tagged as “crude oil”
By Reuters LONDON—Oil prices rose on Thursday, extending a cautious rally this week on signs of tight supply while the European Union (EU) wrangles with Hungary…
By Caden Pearson The U.S. government has announced the sale of up to 40.1 million barrels of crude oil to be released from the Strategic Petroleum Reserve (SPR) over the…
By Julianne Geiger Russia’s crude oil production is on the rise so far in May, Deputy Prime Minister Alexander Novak told TASS news agency on…
By Katabella Roberts Germany’s economy and climate minister, Robert Habeck, said on May 1 that the nation is making progress in cutting its reliance on Russian fossil fuels…
By Tsvetana Paraskova Russia is offering deep discounts for its crude following a wave of sanctions on its energy industry. While China and India are…
by Naveen Athrappully Brent crude oil fell below $100 per barrel on April 11 due to concerns about COVID-19 lockdowns lowering Chinese demand, as well as…
By Alex Kimani China and India are emerging as Russia’s main crude buyers. Russia’s ESPO blend is especially popular among Asian refiners. Russia’s Urals crude…
By Bryan Jung Indian Oil Corp. India’s state-owned oil company, purchased 3 million barrels of crude oil from Russia earlier this week, defying Western pressure to avoid…
by Andrew Moran President Joe Biden announced Tuesday that the United States is banning Russian oil imports, stopping about 500,000 barrels per day of new crude shipments…
by Robert Kraychik The U.S. has increased its volume of crude oil imports from Russia by 40.6 percent when comparing the two-year average across the…
BY TYLER DURDEN By Lori Ann LaRocco of FreightWaves The self-imposed embargo of Russian oil is spreading to Kazakhstan crude, with three shipments canceled in…
BY JOHN CARNEY Oil prices climbed on Monday, pushing closer to the $100 barrel threshold after Arab oil producers agreed that oil production should…
by Charles Kennedy Canadian oil producers are exporting crude to the U.S. at record rates, Reuters has reported, adding that demand for the heavy, sour crude that…
By Fin24 Major oil terminals in some of Western Europe’s biggest ports have fallen victim to a cyberattack, sources confirmed on Thursday. Belgian prosecutors…
By Irina Slav Brent crude touched $90 per barrel briefly this week for the first time in years. This latest jump was attributed to tensions around…
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BY QUOTH THE RAVEN Submitted by QTR’s Fringe Finance This is Part 1 of an interview with Harris Kupperman, founder of Praetorian Capital, a hedge fund…
By Tsvetana Paraskova China has agreed with the United States to release crude from its SPR around the Lunar New Year holiday on February…