Oil dips as coronavirus worries offset more Russia sanctions

Oil dips as coronavirus worries offset more Russia sanctions

Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register China extends lockdown in Shanghai EU and US plan more sanctions on Russia for alleged war crimes IEA still discussing how much oil to release from stockpiles Upcoming … Read more

Russian auto boomtown grinds to halt over Ukraine sanctions

Russian auto boomtown grinds to halt over Ukraine sanctions

Kaluga car plants halt production Car demand falls, food prices soar Some hope Western resolve won’t last Others have seen crises pass before April 5 (Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with … Read more

Oil rises above $105 as supply concerns persist

Oil rebounds on tight supply, prospects of new Russia sanctions

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register Iran blames US for halt to Vienna nuclear talks IEA agrees to release more oil Yemen’s warring parties … Read more

Oil prices fall after truce in Middle East conflict, petroleum reserve news

Oil prices fall after truce in Middle East conflict, petroleum reserve news

A worker checks a tank at Nahr Bin Umar oil field, north of Basra, Iraq March 22, 2022. REUTERS/Essam Al-Sudani Register now for FREE unlimited access to Reuters.com Register Oil prices extend losses from last week UAE welcomes two-month truce in Yemen – state news agency Price falls come after SPR news last week NEW … Read more

Oil slumps 7% as US plans record crude reserve release

Oil drops on positive signals from Russia-Ukraine peace talks

US will release of 1 mln bpd of oil for 6 months starting May Biden says allies could release 30-50 mln bbls more IEA members to meet on Friday at 1200 GMT OPEC+ sticks to existing agreement with 432,000 bpd rise in May Benchmarks post biggest quarterly gain since Q2 2020 HOUSTON, March 31 (Reuters) … Read more

Oil rebounds on tight supply, prospects of new Russia sanctions

Oil rebounds on tight supply, prospects of new Russia sanctions

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register LONDON, March 30 (Reuters) – Oil prices jumped by more than 3% on Wednesday on supply tightness and … Read more

Oil drops on positive signals from Russia-Ukraine peace talks

Oil drops on positive signals from Russia-Ukraine peace talks

Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, US, March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan Register now for FREE unlimited access to Reuters.com Register Ukraine-Russia continues … Read more

Oil slides on concerns of weaker Chinese demand

Oil jumps in volatile trade amid CPC pipeline disruption

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register Shanghai launches two-stage lockdown as COVID-19 cases surge OPEC+ to meet on Thursday Russia-Ukraine peace talks could start on Tuesday – Kremlin More … Read more

Oil jumps in volatile trade amid CPC pipeline disruption

Oil jumps in volatile trade amid CPC pipeline disruption

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register CPC pipeline accounts for 1% of world supply US stocks fall, production flat for 7th week in a row Biden to meet NATO … Read more

Egypt devalues ​​currency 14% after Ukraine war prompts dollar flight

Egypt devalues ​​currency 14% after Ukraine war prompts dollar flight

Move could pave way for IMF agreement, analysts say Central Bank hikes overnight rates 100 basis points Higher wheat import prices drive inflation Government sets prices for non-subsidized bread CAIRO, March 21 (Reuters) – Egypt devalued its pound by 14% on Monday after Russia’s invasion of Ukraineprompted foreign investors to pull billions of dollars out … Read more