World Members plan to cut 1.6 million barrels a day, with a third of those cuts…
Tag: commodity markets
Japan breaks ties with US allies, buys Russian oil at prices above cap
Citing energy needs, Tokyo won a legal exception to the rules binding the Group of Seven…
Japan Breaks With U.S. Allies, Buys Russian Oil at Prices Above Cap
Citing energy needs, Tokyo won a legal exception to the rules binding the Group of Seven…
Europe’s Gas-Price Ceiling Already Shows Cracks
The area’s new price range manages to look both risky and pointless at the same time.
Booming Oil Exports Boost U.S. Role as Global Price Maker
Trades in key Texas-crude contracts hit record highs.
Oil Demand to be Driven by Asia This Year as China Reopens, IEA Says
The energy watchdog raised its forecast for oil demand this year to a record high, as…
Stock Futures Fall, as S&P 500 Heads for Worst Week So Far This Year
US stock futures slipped, while oil prices rose after Russia announced plans to cut production.
Russia Sanctions Challenge Tight U.S. Diesel Market
Market Goods oil market Wall Street expects fuel prices to rise from new sanctions and refinery…