India Snaps Up 60 Million Barrels of Russian Crude for April Delivery
Indian refiners have struck deals for the purchase of some 60 million barrels of Russian crude oil, to be delivered in April, Bloomberg reported today, citing unnamed sources familiar with…
Oil Prices Tumble Back Below $100 on Ceasefire Optimism
Oil prices fell sharply in early asian trade on Wednesday, with both major benchmarks dropping more than 5% as traders reacted to signs of potential de-escalation in the Middle East…
USA Awaits Response to Peace Plan
Iran kept up missiles and drone attacks on Arab Gulf states and Israel overnight, after the US floated a proposal to end a war that’s wreaked havoc across the Middle…
US Crude Oil, Product Inventories Rise
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.3 million barrels in the week ending March 20. In the week prior, US…
Saudi Pushes White House to Prolong Iran War as Brent Tops $100
Saudi Arabia is publicly calling for regional stability. Peace, even. But privately, the Kingdom is pushing the White House to press on with its campaign against Iran, with oil prices…
