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View all search resultsoil-crude
Markets 3 years ago
Russia poised to largely skirt new G7 oil price cap
Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a US official told Reuters, underscoring the limits of the most ambitious plan yet to curb Moscow's wartime revenue.
Business 5 years ago
OPEC fears second virus wave to prolong oil inventory overhang
OPEC fears its record oil cuts will fail to rebalance the market and solve the worst glut in history if a second wave of the COVID-19 pandemic undermines an economic recovery later this year, according to internal OPEC research seen by Reuters.
Opinion 6 years ago
Bearish demand outlook offsets geopolitical risks
Economic uncertainty and a bearish oil demand outlook continue to offset heightened geopolitical risks and keep a lid on oil prices. S&P Global Platts Analytics, however, believes that prices are far from where fundamentals suggest, weighed down by bearish sentiment around the health of the global economy.
Opinion 6 years ago
Saudi attacks bring geopolitical risks to the forefront
Recent attacks on key oil infrastructure in Saudi Arabia sent prices sharply higher, and while the risk to near term supply disruption may be low, the event squarely brings to the forefront the vulnerability of Middle East supply.
Business 7 years ago
Asia markets mostly up after Wall St surge, Iran fears boost oil
Most Asia markets rose Monday following a blistering lead from Wall Street as a soft jobs report soothed concerns about rising US interest rates, while oil prices extended a rally ahead of Donald Trump's decision on the Iran nuclear deal.
Business 8 years ago
Oil rises one percent on weaker dollar, but US drilling drags
Oil prices rose 1 percent early on Monday on a weaker dollar, but an increase in US drilling activity stoked worries that a global supply glut will persist despite an Organization of Petroleum Exporting Countries (OPEC)-led effort to curb output.
