Recession fears and a stronger U.S. Dollar both continued to weigh on oil prices. Hasan Jamali/Associated Press Oil prices continued to tank on Friday, posting a fourth straight week of declines and f...
Tag: Russian oil
Oil Prices Hit Seven-Month Low As Recession Fears Weigh On Demand
Topline Oil prices dropped more than 5% on Wednesday, falling to just over $80 per barrel and hitting their lowest point since January as rising fears that a global economic downturn will hurt demand ...
Russian Executive Maganov—Whose Company Urged End To Ukraine Invasion—Dies After Reportedly Falling Through Hospital Window
Topline Ravil Maganov, the chairman of Russia’s biggest private oil company, Lukoil, died after falling through the window of a hospital in Moscow, Russian media reported on Thursday, a death which co...
G7’S Overambitious Plan To Punish Russian Oil And Alter The Future Of Oil Markets
The facilities of the oil refinery on the industrial site of PCK-Raffinerie GmbH are illuminated in … [+] the evening. Crude oil from Russia arrives at the oil refinery via the “Friendship...
Energy Stocks Jump As Oil Surges Again—Prices Will Remain Elevated Through Summer
Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of U...
Europe Leads Bid To Cut Russian Oil Dependence By Lowering Speeds
lowering speed limits could significantly reduce dependence on imported oil and lower emissions and … [+] road crash deaths and injuries, according to the European Transport Safety Council. Gett...
Here’s How Biden’s Historic Ban On Russian Oil Will Hit The Economy
Topline President Joe Biden announced an historic U.S. ban on Russian oil imports on Tuesday as the latest round of sanctions against Russia for its invasion of Ukraine, but as energy prices continue ...
Dow Falls 600 Points, Oil Prices Surge As Russia-Ukraine Conflict Continues To Roil Markets
Topline The stock market plunged on Tuesday—with the Dow Jones Industrial Average falling roughly 600 points, while oil prices surged to new seven-year highs as Russia escalated its attacks on several...
Russia’s Invasion Of Ukraine Has Sent Energy Prices Soaring—Here’s How High Oil Could Rise
Topline Oil prices have continued to skyrocket this week—with Brent crude briefly rising above $100 per barrel for the first time since 2014—as Russia launched its invasion of Ukraine, and although pr...