Analyst Warns Of A Fuel Shortage Crisis In The U.S.
Very low inventories of oil products in the United States and a shortage of refining capacity have laid the foundations for an oil shortage crisis...
Crude Oil Lower; Slowing Chinese Demand Weighs By Investing.com
[ad_1] © Reuters By Peter Nurse Investing.com — Oil prices weakened Friday on the back of fresh evidence that prolonged Covid-19 lockdowns are hurting demand...
Oil Could Surge to $185 a Barrel If EU Bans Russian Crude: JPMorgan
Analysts at JPMorgan have warned that a full and immediate ban on Russian oil imports into the European Union could drive the price of crude...
Saudi Feb crude exports hit near two-year high – JODI By Reuters
[ad_1] © Reuters. FILE PHOTO: Flames are seen at the production facility of Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22,...
Crude Oil Higher, But Reserves Plan Leads to Weekly Loss By Investing.com
[ad_1] © Reuters. By Peter Nurse Investing.com — Oil prices climbed higher Friday, but remained on course for more weekly losses following plans for massive...
Outlook For China Oil Demand Darkens
The outlook for crude oil demand in the world’s second-largest consumer is dimmed amid the continued increase in Covid-19 cases and the extended lockdown in...
U.S. Warns India Against Buying More Russian Oil
The United States has warned India that buying more oil from Russia could expose it to a “great risk” in light of more sanctions against...
Oil slumps 7% as U.S. plans record crude reserve release By Reuters
[ad_1] © Reuters. FILE PHOTO: Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air...
Saudi Arabia is China’s top crude supplier again as Russian oil falls 9% By Reuters
[ad_1] © Reuters. FILE PHOTO: A crude oil tanker is seen at Qingdao Port, Shandong province, China, April 21, 2019. REUTERS/Jason Lee/File Photo BEIJING (Reuters)...
Australian refiners cease purchase of Russian crude oil, voice support for Ukraine By Reuters
[ad_1] © Reuters. (Reuters) – Australian refiner Viva Energy said on Tuesday it would stop buying Russian , joining a growing number of companies to...