Tag Archives: Oil

The American Dollar and commodity prices were sharply down on Wednesday amid hopes for a solution to the Ukraine-Russia crisis. Economic DataUS oil stockpiles fell across the board last week, the Energy Information Administration said on Wednesday. Crude inventories fell by 1.9 million barrels in the week to March 4 …

US Energy Secretary Jennifer Granholm, speaking at the CERAWeek energy conference in Houston on Wednesday, said that the Biden administration wants to work with US oil and gas producers to raise supply.The impacts of higher costs for fuel are real and severe, Granholm added, saying that “we have a responsibility …

The euro gained more than 1.5% against the dollar on Wednesday as risk appetite returned to financial markets and energy as well as commodity prices eased from recent peaks that were driven by Russia’s invasion of Ukraine and the Western sanctions imposed in response. Market expectations about the potential for …

Today, President Biden will sign an Executive Order to ban the import of Russian oil, liquefied natural gas, and coal to the United States – a significant action with widespread bipartisan support that will further deprive President Putin of the economic resources he uses to continue his needless war. The …

Britain will increase its oil and gas production, Transport Secretary Grant Shapps said on Wednesday, after it said it would ban Russian oil supplies at the end of the year. Britain said on Tuesday it would phase out imports of Russian oil and petroleum products by the end of 2022 …

Oil prices rose on Wednesday amid fears of a potential supply shock after the United States banned Russian oil imports and amid signs that some buyers are already avoiding them. Brent crude futures rose $2.91, or 2.27 percent, to $130.89 a barrel, after jumping 3.9 percent the previous day. US …

Britain unveiled Wednesday, March 9, new sanctions against Russia in the aviation sector, giving it the authority to seize any Russian aircraft and banning the export of aerospace-related products to Russia. Britain will also tighten its ban on Russian planes to criminalize their flying or landing in Britain. The State …

Oil prices rose on Wednesday amid fears of a potential supply shock after the United States banned Russian oil imports and amid signs that some buyers are already avoiding them. Brent crude futures rose $2.91, or 2.27 percent, to $130.89 a barrel, after jumping 3.9 percent the previous day. US …

Oil prices jumped on Monday to their highest levels since 2008 as the United States and its European allies considered banning crude imports from Russia, while a quick return of Iranian crude to global markets looked less likely. Brent crude futures ended the trading session up $5.1, or 4.3 percent, …

Commodity prices spiked on Monday as industrial buyers and traders scrambled to source raw materials hit by supply disruptions caused by Russia’s invasion of Ukraine. Nickel rocketed 76%, palladium reached a record level and gold broke through $2,000 an ounce on safe-haven appeal, while oil and wheat jumped to 14-year …