Global stocks have fallen amid fears that the invasion would further fuel price rises and hurt the global economic recovery. The military intervention could deepen the food crisis in many countries, experts warn. Crude oil...
Washington has said it will release 50 million barrels of crude oil in an effort to bring down gas prices. India quickly announced it would also release 5 million barrels. The Biden administration on Tuesday...
The top oil producers have been holding back on a major production boost even as oil prices soar amid a supply crunch. With natural gas and coal prices at record highs, the oil price bump...
A tsunami of COVID-19 has impacted us all socially, economically and psychologically. The focus in the initial phase was on saving lives (Jaan) and is now shifting to economic wellbeing (Jahaan) of individuals, business and...
It’s not often that we’re served up a WTF moment like this. Just about a couple of hours ago, I published my article about US crude-oil benchmark grade West Texas Intermediate (WTI) and how the...
A previous standoff with Mexico was resolved as the deal was announced just hours before Asian markets opened on Monday. The cuts will be gradually eased until April 2022. OPEC, Russia and other oil-producing nations...
It’s been a turbulent few days on international markets for oil investors. Yet while Saudi Arabian supply may be restored quickly, the attacks have raised questions that may impact the price of oil in the...
Major oil company investors are starting to use their voting rights to speak out against a lack of climate action. Shareholders in Shell and Equinor have already had their say, now BP is in...
Anxious gas and oil workers in Canada have demanded an end to what they see as job-killing anti-pipeline policies. But Ottawa faces a dilemma: How to balance job security for those workers while fighting climate...
India and Russia have announced a major arms deal, violating US sanctions. Energy sector sources also say New Delhi will purchase 9 million barrels of Iranian oil. Both moves will test India’s relations with the...
The US dollar is consolidating yesterday’s gains against most of the major currencies, though the dollar bloc is under performing. Bond yields are moving higher, and equities are lower. With a light data and events...
US Department of Energy announced yesterday offered for delivery between October 1 and November 30, 11 mln barrels of sour crude oil from the Strategic Petroleum Reserves. The move has nothing to do with operationalizing...
