Oil rose as traders factored in the possibility of US military action in Iran that could upend supplies from one of OPEC’s leading producers, and a massive winter storm in the US pushing up the price of refined products.
Oil rose as traders factored in the possibility of US military action in Iran that could upend supplies from one of OPEC’s leading producers, and a massive winter storm in the US pushing up the price of refined products.
A refinery in Houston, Texas. Photographer: Mark Felix/Bloomberg
The European Union’s ban on the import of fuels made from Russian crude has put some traders on edge as the bloc’s curbs enter into force — a reminder of the potential for blowback from regulations that are designed to hurt Moscow.
The European Union’s ban on the import of fuels made from Russian crude has put some traders on edge as the bloc’s curbs enter into force — a reminder of the potential for blowback from regulations that are designed to hurt Moscow.
Railway wagons carrying liquefied petroleum gas (LPG) and stable natural gasoline stand at sidings near the new ZapSibNeftekhim plant, operated by Sibur Holding PJSC, in Tobolsk, Russia, on Thursday, Jan. 24, 2019. ZapSibNeftekhim is set to become the largest modern petrochemical facility in Russia.
Oil recovered from earlier losses to trade little changed as the market weighed the fallout from US President Donald Trump’s threat to annex Greenland, while tensions over Iran cooled.
Oil recovered from earlier losses to trade little changed as the market weighed the fallout from US President Donald Trump’s threat to annex Greenland, while tensions over Iran cooled.
Oil pump jacks at the New Harmony Oil Field in Grayville, Illinois.
Weak oil prices are making it harder for the shipping industry to decarbonize, according to the president of commodities giant Cargill Inc.’s freight-trading business.
Weak oil prices are making it harder for the shipping industry to decarbonize, according to the president of commodities giant Cargill Inc.’s freight-trading business.
While benchmark oil futures have largely shrugged off Nicolas Maduro’s downfall, the former Venezuelan leader’s ouster has reverberated through some of the less well-known corners of the market.
While benchmark oil futures have largely shrugged off Nicolas Maduro’s downfall, the former Venezuelan leader’s ouster has reverberated through some of the less well-known corners of the market.
Oil rigs on Lake Maracaibo in Cabimas, Zulia state, Venezuela.
Recent strength in Europe’s fuel markets is starting to fade, eroding oil refiners’ margins and taking away a supportive factor for crude prices as the year draws to a close.
Recent strength in Europe’s fuel markets is starting to fade, eroding oil refiners’ margins and taking away a supportive factor for crude prices as the year draws to a close.
One of the world’s main companies for setting benchmark prices of physical commodities said it will start to ignore fuel that’s made from Russian crude when making its assessments.
One of the world’s main companies for setting benchmark prices of physical commodities said it will start to ignore fuel that’s made from Russian crude when making its assessments.
The impounded Iranian crude oil tanker, Grace 1, is silhouetted as it sits anchored off the coast of Gibraltar, on Saturday, July 20, 2019. Tensions have flared in the Strait of Hormuz in recent weeks as Iran resists U.S. sanctions that are crippling its oil exports and lashes out after the seizure on July 4 of one of its ships near Gibraltar. Photographer: Marcelo del Pozo/Bloomberg
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