Isfahan blast occurred as a refinery fire broke out and a 5.9-magnitude earthquake hit.
Isfahan blast occurred as a refinery fire broke out and a 5.9-magnitude earthquake hit.
After a brief respite, oil fell to a six-month low on Wednesday. This was after concerns over a possible global recession that could weaken demand outweighed a report showing lower
After being overtaken by Russia in December 2018, Saudi Arabia has reclaimed the top spot as China’s largest crude supplier. Russian shipments fell 9% due to a reduction in import
According to Vortexa Analytics, China has transferred nearly four million barrels of Iranian crude oil into its state reserve tanks in Zhanjiang’s southern port city. This was done over the
U.S. inventory dynamics provided significant support for crude prices this week, with commercial stocks falling to the lowest level since January 2020, and signs that tightening will continue.
LONDON (Reuters) – Oil fell to below $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the
WTI $53.95 -$4.63, Brent $60.50 -$4.55, Diff -$6.55 +8c, NG $2.20 -3c
US markets were little changed last week. US Consumer Prices again faltered, coming in at 2.0% Y/Y for May versus expectations of 2.1%. Headline US retail sales missed the mark