Oil Prices Surge 4% as US Tightens Sanctions on Russian Crude Exports
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on Thursday targeting two tanker owners involved in shipping…
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Crude
OPEC Raises Forecast of Global Oil Demand, Peak Crude Demand Still Away
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”,…
Bond rout hits stocks, crude oil as Shiba Memu token thrives
The bond market resumed its sell-off as traders…
US Crude Oil Prices Cross $90 per Barrel for First Time in 10 Months
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…