oil
Oil Rebounds as Key Pipeline Remains Shut and China Eases Curbs
Following the imposition of the price cap and related curbs, a backlog of tankers waiting to haul oil through Turkey’s vital shipping straits built up amid a dispute over insurance cover. That now appears to be clearing, with a port agent tally on Sunday showing 19 tankers waiting to pass through the Bosphorus and Dardanelles … Read more
Russia Is Feeling the Pain of Europe’s Oil Embargo
Meanwhile, Europe isn’t scrambling for crude. Russia’s invasion of Ukraine, which has stoked inflation, including for food and energy, has undermined European economies to the point where, as I suggested back in early November, the world can easily handle the loss of Russian barrels, at least for now.
How Erdoğan’s confidant helped Iran finance terror – POLITICO
Press play to listen to this article Voiced by artificial intelligence. On March 22 of 2021, several of the world’s most dangerous men descended on Beirut’s historic seaside Summerland Hotel — not to swim in the Mediterranean or explore the sumptuous resort’s “Le Beach Pop Up,” but to talk Turkey. The meeting was a secret … Read more
OPEC+ Will Consider Output Cut of More Than 1 Million Barrels
The OPEC+ group of oil producers will consider cutting output by more than 1 million barrels a day when it meets in Vienna on Wednesday, according to delegates.
Brazil’s Election Is Almost Here. Get Ready to Buy Petrobras Stock.
Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible idea, at least at first glance. Petróleo Brasileiro, or Petrobras (ticker: PBR), as it is more commonly known, is the Brazilian national oil company, … Read more
Oil Traders Regain Their Swagger With World Desperate for Fuel
“Energy security is number one, price is number two, sustainability is number three,” said Russell Hardy, chief executive officer at Vitol Group, the world’s top oil trader by volume. “That’s the short-term set of priorities. The long set of priorities haven’t changed, they’re the other way around.”
Oil Set for First Quarterly Drop Since 2020 as Macro Mood Sours
Oil headed for its first quarterly loss in over two years on global economic slowdown fears and a stronger dollar.
Huge Nord Stream pipeline leaks could be sabotage, says Danish PM – POLITICO
Sabotage cannot be ruled out as the cause of three leaks detected on two Russia-to-Germany Nord Stream gas pipelines, Danish Prime Minister Mette Frederiksen said on Tuesday. “We certainly cannot rule it out,” she said while on a visit to Poland to open the new Baltic Pipe linking Poland and Denmark with Norway’s offshore gas … Read more
Asian Stocks Poised to Drop in Rocky Start to Week: Markets Wrap
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