Oil Shipping Rates Surge as US Sanctions Squeeze Supply
Freight rates for shipping crude oil soared following the United States’ expansion of sanctions on Russia’s oil industry. The sanctions…
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Freight rates for shipping crude oil soared following the United States’ expansion of sanctions on Russia’s oil industry. The sanctions…
Oil prices rose on Thursday as traders returned for the first session of the new year, buoyed by optimism surrounding…
Oil prices dipped on Tuesday, as concerns about demand were reignited by weak economic data from China. Investors were also…
Oil prices remained largely unchanged on Wednesday, with markets anticipating an OPEC+ decision on extending supply cuts and keeping a…
The OPEC+ alliance has rescheduled its upcoming meeting to December 5, shifting the format to a virtual gathering instead of…
Oil prices experienced a modest recovery on Tuesday after a significant drop the previous day, driven by market reactions to…