$100 Oil Is Solving Russia’s Budget Problem
Russia is getting an unexpected windfall from the war in the Middle East. The Kremlin’s oil revenues this month hit a four-year high as oil prices jumped to $100 per…
Russia’s Baltic Ports Burning Again as Ukraine Drone Campaign Enters Third Day
Russia’s vital oil export loading ports on the Baltic Sea appeared to be on fire again early on Friday, as Moscow is not getting reprieve from Ukrainian drone attacks this…
Asia Begins Pricing U.S. Oil Against Brent as Dubai Volatility Spikes
Asian refiners have started pricing their orders for U.S. crude oil against the ICE Brent benchmark instead of the typical pricing on Dubai crude, as the Middle Eastern benchmark has…
Execs Predict What Price WTI Oil Will Hit in Future
Executives from oil and gas firms have revealed where they expect the West Texas Intermediate (WTI) crude oil price to be at various points in the future in the first…
Maersk Slaps Emergency Fuel Surcharge as War Upends Marine Supply Chains
The war in the Middle East has upended shipping fuel markets with prices of marine fuels skyrocketing and regions running low on supply, pushing some traders to forgo cargo and…
Soaring Prices Set to Crash China’s LNG Imports to 8-Year Low
Surging LNG prices amid the war in the Middle East are set to lead to the lowest monthly LNG imports into China in eight years as Qatari and UAE supply…
Macquarie: Two More Months of War Could Send Oil to $200
Oil prices could hit a record $200 per barrel if the war in the Middle East drags on through the entire second quarter, analysts at Macquarie Group have warned. The…
