Consumers in the United States and the European Union are facing a nightmare scenario, according to some. Costs were already rising due to inflation, but…
Posts published in “Crude Oil”
President Joe Biden issued a ban on Russian fossil imports, including oil, in retaliation to the country’s invasion of Ukraine, sending oil prices to new…
Shell PLC said it would donate profits from purchases of Russian oil to alleviate the humanitarian crisis in Ukraine after an outcry over the company’s…
Saudi Arabia’s Aramco Trading Company will participate in the S&P Global Platts price assessment process for crude cargoes in Asia. S&P Global Platts has reviewed…
Following the intensification of the Russia-Ukraine crisis, Oil prices soared to within striking distance of $100 a barrel early Tuesday, when Brent hit $99.50 before…
U.S. WTI Crude Oil futures are trading higher late in the session as lower crude production in Libya offset expectations that rising coronavirus cases in…
The number of oil and gas Drilling Rigs increased in America as crude oil prices rose this week. The total count is now 461. The…
On Wednesday, oil prices surged after US crude stockpiles fell by roughly 5 million barrels and fuel Demand reached an all-time high, highlighting the market’s…
Even after touching $93 per barrel last week, oil prices have room to grow further in the coming months, with major investment banks’ $100 oil…
The gross domestic product of Saudi Arabia fell 3% in the first quarter, slightly less than official estimates. They are compared with a 1% contraction…