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Crude oil
Crude Oil
Oil Rises as Uncertainty Around Supply Persists
Oil futures rose in early trading on Tuesday as the potential for more sanctions following alleged war crimes by Russian troops in Ukraine added to concerns abo…
Oil Price
How Biden’s Huge Strategic Oil Release Could Backfire
President Biden’s huge SPR release announcement has pushed WTI prices back below $100.
Oil Price
IEA to Release New Emergency Oil Stock to Curb Market Turmoil
The International Energy Agency has said its members have agreed to release more oil from emergency reserves to offset the market turmoil caused by Russia’s wa…
Oil Price
Biden’s Top Economic Advisor Says Restarting the Keystone XL Pipeline Now Won’t Lower Oil Prices
President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline…
Crude Oil
U.S. Issues Formal Notice of Record Sale of Oil From Reserve
The U.S. Energy Department formally outlined a sale of oil from emergency reserves on Friday, a day after President Joe Biden announced the largest release ever…
Crude Oil
Ukraine Crisis: Why India Is Buying More Russian Oil
Russia is seeking new markets for its oil exports as Western sanctions tighten - and India has been taking advantage of discounted prices to ramp up imports fro…
Crude Oil
U.S. Oil Exports Surge, Drawing Crude away From Storage Hub
U.S. oil exports have climbed following Russia's invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub …
Crude Oil
EU Steps back From Impractical Russia Oil Embargo
EU leaders have stepped back from imposing an immediate embargo on Russian crude and petroleum product imports as the impracticality of the policy has become cl…
Crude Oil
China's Sinopec Plans Its Biggest Capital Expenditure in History
China Petroleum & Chemical Corp, better known as Sinopec, is planning its highest capital investment in history for 2022 after recording its best profit in a de…
Natural Gas
Will Importers Cave into Putin’s Gas for Rubles Demand?
Russian President Vladimir Putin recently required “unfriendly” buyers of the country’s natural gas to pay in rubles, a move that could have far-reaching imp…
Crude Oil
Middle East Crude Grades Feel the Pressure as Russian Urals Head to Asia
Buying interest among Asian refiners for some medium sour Middle East crude grades loading in May has weakened as cheaper Russian Urals crude cargoes increasing…
Crude Oil
Japans' ENEOS Has No Plans to Sign Russian Crude Import Deals Following Invasion: Chairman
Japan's largest refiner ENEOS does not plan to sign any Russian crude oil import contracts following Russia's invasion of Ukraine, ENEOS Holdings Chairman Tsuto…
Oil Price
Oil Approaches $120 as EU Considers Ban on Russian Crude
Fitch Ratings says the outlook for the global economy has 'deteriorated significantly' as inflation rises and Russia’s invasion of Ukraine threatens global ene…
Crude Oil
Oil Advances as EU Debates Possible Ban on Russian Crude Imports
Oil climbed for a fourth day, heading for the best run in a month, on signs the European Union may be edging closer to a ban on Russian crude imports to punish …
LNG
France Says Ban On Russian Energy Can’t Be Ruled Out
France sees a potential ban on imports of Russian energy into the EU as an option, its Economy and Finance Minister Bruno Le Maire said over the weekend, adding…
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