OECD Oil Inventories Hit Lowest Level Since 2004
The lowest oil inventories in developed economies since 2004 are set to combine with the upcoming EU embargo on Russian oil imports to further tighten...
IEF: EU Embargo Could Send Oil Prices “Well Above $100”
Brent crude prices could easily break above $100 per barrel again if losses of supply from Russia are close to 3 million barrels per day...
Yellen: It Is “Virtually Impossible” To Avoid Oil Market Shocks
The United States is involved in “extremely active” discussions with European countries aimed at finding more ways to limit Russian oil revenues, U.S. Treasury Secretary...
Is Today’s Energy Shortage Worse Than The 1970s Oil Crisis?
In 1973, after the Yom Kippur war between Israel and a coalition of Arab countries, Middle Eastern oil producers declared an embargo on oil exports...