Crude oil advanced on Monday following some positive news on the demand front. The United States and China agreed to significantly cut mutual tariffs for 90 days, relieving some downward pressure on energy prices. West Texas Intermediate (WTI) for deliveries in June grew by 2.22% at 4:45 am ET to...
The UK government unveiled on Friday their largest sanctions package yet against Russia's shadow fleet, targeting approximately 100 vessels involved in transporting cargo valued at over $24 billion since the start of 2024.The declaration was delivered by Prime Minister Keir Starmer during the Joint...
The number of oil rigs in the United States stood at 474 in the week ending May 9, decreasing by five from the previous week, according to the Baker Hughes weekly rig count released on Friday. The rig count fell by 22 on an annual basis.The US gas rig count was unchanged in the reported week,...
Indian Oil Corporation Limited assured the public on Tuesday that fuel supplies remain stable nationwide, following reports of long queues at petrol stations. The rush appeared to stem from speculation on social media suggesting possible fuel shortages after tensions between India and Pakistan...
Oil prices climbed more than 3% on Thursday, boosted by fresh hopes surrounding forthcoming trade talks between China and the United States, the two biggest oil-consuming nations, and the statement from US President Donald Trump confirming America's plans to establish its initial post-tariff...
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