The decline in oil prices followed the release of China’s mixed economic data. This data countered the impact of oil production cuts by Saudi Arabia and Russia.
US crude oil prices dipped below $78 per barrel on Tuesday,...
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping Russian oil that exceeded the established price cap.
In a recent development, oil prices saw a...
OPEC strongly criticized the IEA’s forecast of peak fossil fuel demand before the decade’s end, labeling the IEA’s narrative as “extremely risky,” “impractical,” and “ideologically driven”.
OPEC has revised its medium- and long-term projections for global oil demand...
Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts.
In response to fears of weaker supply, the prices of oil rose...
In brief:
Everyone was shocked when US Oil prices hit zero and global futures contracts fell hard into negative territory.
Such an event had not been anticipated by the team at the EMX exchange.
The team halted trading of its USOIL-Perp...
