Crude Oil Prices Up 6% In A Week, U.S. Maintains Russian Sanctions Won’t Hit Prices
The crude oil market is on the boil again with prices surging 6% in the past one week in anticipation of the U.S. sanctions of Russian oil. However, the outgoing U.S. President Joe Biden still believes that oil prices will stabilize and that consumers will not be burdened.
Oil prices crept higher on Wednesday as the market focused on potential supply disruptions from sanctions on Russian tankers, ...
Oil prices were edging up as traders await more clarity on the effect of U.S. sanctions on Russia. Brent crude was up 0.4% at ...
The International Energy Agency on Wednesday lowered its projection for 2025 oil demand growth though the organization said ...
Oil prices rose on Wednesday trimming losses from the previous day, as the focus turned back to potential supply disruptions ...
The EIA predicts lower oil prices in 2025 and 2026 due to rising production and OPEC cuts, but the recent sanctions on Russia kept oil prices from falling.
Loughani, Secretary General of the Arab Energy Organization (AEO), formerly known as OAPEC, stated on Wednesday that the ...
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