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Brent Crude Falls Below $100 On China Lockdown Fears

Oil prices have fallen to a two-week low, dipping below $100 on fears of the further demand consequences of a COVID-19 lockdown in China...

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World Leaders Welcome Macron’s Re-Election

World leaders rushed to congratulate France’s centrist President Emmanuel Macron on his re-election and defeat of far-right leader Marine Le Pen in elections Sunday. Here...

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Rystad: Oil Demand To Sink By 1.4 Million Bpd

Global oil demand will drop by 1.4 million barrels per day, according to the latest forecast by Rystad Energy on Friday cited by the...

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JPMorgan: Immediate EU Ban On Russian Oil Could Send Prices To $185

Oil prices could shoot up to a record $185 per barrel if the European Union acts to impose a full immediate ban on imports...

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Russia Threatens Nuclear Deployment If Sweden, Finland Join NATO

One of Russian President Vladimir Putin’s closest allies warned NATO on Thursday that if Sweden and Finland joined the US-led military alliance then Russia...

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OPEC Slashes 2022 Oil Demand Growth Forecast By 480,000 Bpd

...OPEC slashed on Tuesday its oil demand growth estimate for 2022 by nearly 500,000 barrels per day. ...Lower expected economic growth because of Russia's war...

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OPEC Warns The EU That Replacing Russian Oil Will Be “Nearly Impossible”

Replacing Russian crude oil lost by a possible ban from the EU would be nearly impossible, OPEC Secretary General Mohammad Barkindo said today in...

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