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Strait of Hormuz shock sends crude premiums soaring as refiners scramble for supplyGlobal oil markets are experiencing significant disruption. Refineries are paying record prices for crude oil. This is due to supply issues...- Scientists Uncover a Surprising Trigger Behind the Atlantic’s SlowdownA critical Atlantic ocean current, the AMOC, is weakening due to climate change, evidenced by a cold patch south of Greenland. Melting ice ...
- Oil prices firm as geopolitical tensions raise supply concernsOil prices saw a slight increase on Thursday due to escalating tensions between Russia and Ukraine, raising supply concerns. Despite increa...
- Oil prices ease, but caution prevails over Russia-Ukraine warOil prices fell slightly after a previous rise. The rise was caused by production stops in Norway and Kazakhstan. Concerns remain about the...
- Ahead of Market: 10 things that will decide stock action on TuesdayIndian markets declined for the seventh consecutive session, with the Sensex falling into correction territory. Concerns over foreign outfl...
- Oil up 2% on Gaza ceasefire rejection and U.S. stock dataOil prices gained over 2% on Thursday as investors considered the impact of Israel's rejection of a ceasefire offer from Hamas and unexpect...
- Saudi oil cuts see top buyers looking at alternativesThe two producer countries said on Monday that they will prolong and deepen output cuts into August. Along with reductions they already mad...
- Russian sanctions shift oil price-making power to Asia from EuropeAnalysts and government officials from consumer countries use the term Asian premium to refer to the higher prices Asian importers have pai...
- FACTBOX-How the EU ban on Russian crude affects oil flowsThe EU imposed a ban on seaborne Russian crude oil imports from Dec. 5 and G7 countries set a price cap on Russian seaborne exports at $60 ...
- Oil rises on China outlook, supply worries after Turkey earthquakeSaudi Arabia, the world's top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid exp...
- Oil rises on supply concerns, China demand outlook brightensBrent crude futures rose 40 cents, or 0.5%, to $81.39 per barrel by 0117 GMT, while West Texas Intermediate futures rose 43 cents, or 0.6%,...
- How the EU's ban on Russian crude affects oil flowsThe EU imposed a ban on maritime Russian crude oil imports from Dec. 5 and G7 countries set a price cap on Russian seaborne exports at $60 ...
- Russian oil seeps into global market to ease supply fears for nowIndia’s oil refiners grabbed multiple cargoes of Russia’s flagship Urals crude this month, potentially supplanting the Middle Eastern varie...
- Clean crude? Oil firms use offsets to claim green barrelsCarbon credits are financial instruments generated by projects that reduce or avert greenhouse-gas emissions such as mass tree plantings or...
- Oil rises above $43 on supply losses, US stimulus hopesOil and gas workers have withdrawn from offshore U.S. Gulf production facilities as Hurricane Delta was forecast to intensify into a powerf...
- Oil slips on weak demand outlook and higher OPEC suppliesBrent crude futures fell 17, or 0.4%, to $42.13 a barrel by 0818 GMT and U.S. West Texas Intermediate (WTI) crude futures were down 22 cent...
- 20% of oil supply to be disrupted if Iran closes Straits of Hormuz: Mriganka Jaipuriyar, S&P Global PlattsIf Iran does take the conflict to the next level, there would be attacks on tankers. The Saudi attack depends on the extent to which Iran r...
- Oil analysts see few 2020 fireworks as OPEC+ cuts trim surplusGoldman Sachs increased its estimate for Brent crude to $63 a barrel from $60
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