The Latest Breaking News from Oil

Monetary policy tightening by various central banks to contain inflation, the war in Ukraine leading to price rise for crude oil and subsequent realignment in the global energy supply chain, and strengthening of the US dollar index kept the Indian currency under pressure in 2022. Read on for details:

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Russia will end 2022 in a weaker global standing than when the year began. Its struggles in Ukraine surprised the Kremlin, and the global punishments are starting to hamper the Russian economy.

The West African nation is a major cocoa and gold exporter, so why is it battling its worst economic crisis in decades?

Diesel fuel prices have been steadily falling this month, offering relief to truckers and other customers, yet still remain historically high.

The Arctica was ablaze adjacent to the naval port with initial reports saying two cabins had ignited just days after a blaze hit Vladimir Putin’s only aircraft carrier on 22 December in Arctic port Murmansk while the vessel was under repairs

The energy sector is anticipated to perform well in the foreseeable future as the Chinese economy recovers from COVID-19 and demand rebounds. Given this backdrop, quality energy stocks Marathon Petroleum (MPC), Berry Corporation (BRY), and Adams Resources & Energy (AE) might be solid buys for 2023. Read on….

Oil rose on Friday and was on track for a second straight annual gain in a volatile year marked by tight supplies because of the Ukraine war and weakening demand from the world's top crude importer, China. Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the…

A militant rocket attack in eastern Syria on Friday targeted a bus with oil industry employees, killing at least 10, the government said. To the north, Syrian Kurdish-led forces announced they arrested 52 militants in an operation against ISIS sleeper cells. According to Syria’s petroleum ministry, the rocket struck in…

A pilot and three workers were leaving the oil platform when the crash happened