Oil

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SINGAPORE, Dec 23 (Reuters) – Oil prices rose on Friday on expectations of lower Russian crude exports from the Baltic region in December, offsetting worries that a looming Arctic storm across the United States could snuff out transport fuel demand growth this holiday season.

By Florence Tan SINGAPORE (Reuters) – Oil prices rose on Friday on expectations of lower Russian crude exports from the Baltic region in December, offsetting worries that a looming Arctic storm across the United States could snuff out transport fuel demand growth this holiday season. Brent crude rose 88 cents, or 1.1%, to $81.86 a […]

SINGAPORE, Dec 21 (Reuters) – Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising COVID-19 cases in top oil importer China. Brent crude futures rose 8 cents, or 0.1%, to $80.07 per barrel by 0715 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell […]

Oil edged higher at the week’s open on bullishness from the Biden administration’s plan to begin refilling its strategic crude reserves and a pledge from China to revive consumption as Covid Zero is abandoned. West Texas Intermediate rose toward $75 a barrel after dropping almost 4% in the final two sessions of last week. The […]

Steven Donziger is back in his airy mid-century modern apartment on the Upper West Side of Manhattan, engaged over Zoom on a marketing call with a representative of the online publishing platform Substack.  Back and forth, they wrestle with a complicated question—who is Steven Donziger—and quickly realize there is no easy answer. Donziger is a […]

The United States will soon purchase 3 million barrels of oil in order to replenish the country’s dwindling Strategic Petroleum Reserve, the

Topline The Department of Energy announced Friday it would purchase 3 million barrels of oil to replenish the U.S. strategic reserve and strengthen energy security, as oil (and related gas) prices have dropped since the summer, when the administration tapped the reserve to counter an energy crisis sparked in part by Russia’s invasions of Ukraine. […]

Last week’s oil spill in Kansas means that TC Energy Corp.’s Keystone pipeline has now leaked more crude oil than any other conduit on US land in the past 12 years.  The major line running from Canada into the US Midwest was shut after a spill of 14,000 barrels a day, with some of that […]

SINGAPORE, Dec 12 (Reuters) – Oil prices rose more than 1% on Monday as a key pipeline supplying the United States stayed shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. Brent crude futures were up 30 cents, or 0.4%, to $76.40 a barrel […]

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