Oil jumps 4% as deaths near Kyiv prompt talk of new sanctions

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register Global outcry at killings near Kyiv as frontline shifts Iran blames US for halt to Vienna nuclear talks … Read more

Oil rebounds on tight supply, prospects of new Russia sanctions

Workers walk as oil pumps are seen in the background in the Uzen oil and gas field in the Mangistau Region of Kazakhstan November 13, 2021. REUTERS/Pavel Mikheyev Register now for FREE unlimited access to Reuters.com Register LONDON, March 30 (Reuters) – Oil prices jumped by more than $4 on Wednesday on supply tightness and … Read more

Oil jumps as EU weighs Russian ban, Saudi refinery output hit

A view of the Phillips 66 Company’s Los Angeles Refinery (foreground), which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, and storage tanks for refined petroleum products at the Kinder Morgan Carson Terminal (background), at sunset in Carson , California, US, March 11, 2022. Picture taken March 11, 2022. Picture taken … Read more

Oil surges 7% amid warnings of Russian supply shortages

Industrial facilities of PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, March 7, 2022. The company receives crude oil from Russia via the ‘Friendship’ pipeline. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register LONDON, March 17 – Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said … Read more

Oil price benchmarks fall below $100, first time in weeks

Brent, US crude below $100 for the first time since late Feb Outbreaks in China could slow demand Iran nuclear deal hopes rise NEW YORK, March 15 (Reuters) – Oil prices tumbled more than 6% on Tuesday to their lowest in almost three weeks, as Russia suggested it would allow a revival of the Iran … Read more

Oil set for weekly loss as supply remedies emerge

A general view shows a local oil refinery behind residential buildings in Omsk, Russia February 10, 2021. REUTERS/Alexey Malgavko Register now for FREE unlimited access to Reuters.com Register Market grappling with determining supply shortages from Russia Brent benchmark see-sawed in wide trading range this week OPEC nations stick to alliance with Russia LONDON, March 11 … Read more

Oil jittery as market weighs OPEC Russia filling supply gap

Industrial facilities of PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, March 8, 2022. The company receives crude oil from Russia via the ‘Friendship’ pipeline. REUTERS/Hannibal Hanschke Register now for FREE unlimited access to Reuters.com Register Brent, WTI trade in $4 to $5 ranges UAE officials give differing views on output plans US crude … Read more

Oil falls to $125 on speculation US Russia oil ban won’t worsen supply shock

Russia again promises to let Ukrainians flee seats US bans Russian oil imports, UK to phase them out IEA chief says agency could release more oil from stocks Iran’s chief nuclear talks negotiator returns to Vienna US inventory report shows crude stocks rising LONDON, March 9 (Reuters) – Oil fell to around $125 a barrel … Read more

Oil price soars on talks about Russia oil ban, Iran deal delay

Brent, WTI jump to highest since 2008 US, Europe discuss banning Russian oil imports Iranian nuclear talks clouded by Russian demands US and Venezuela discussed oil sanctions LONDON, March 7 (Reuters) – Oil prices spiked to their highest levels since 2008 on Monday amid market supply fears as the United States and European allies considered … Read more

Oil price surges to highest since 2008 on delays in Iranian talks

Models of oil barrels and a pump jack are displayed in front of a rising stock graph and “$100” in this illustration taken February 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 6 (Reuters) – Oil prices soared to their highest since 2008 due to delays … Read more