News

October 16, 2024

Oil Prices Begin to Climb as Traders Refocus on the Middle East

After losing virtually all gains made last week on Tuesday, oil prices started Wednesday’s trade with hesitant gains as traders refocused on the situation in the […]
October 16, 2024

US Oil Producers Rush to Hedge

US oil producers have taken advantage of the recent surge in crude prices, locking in future sales to safeguard their revenue. Rising tensions between Iran and […]
October 16, 2024

Russian Refinery Maintenance Pushes Oil Exports to 3-Month High

Russia’s crude oil exports by sea rose to their highest level in three months in the four weeks to October 13, as seasonal refinery maintenance cut […]
October 16, 2024

Petrobras Puts Production Focus on Existing Oil Fields

Brazil’s Petrobras plans to extract every last drop of oil from existing oil fields, Bloomberg has reported, while also searching for fresh deposits to avoid a […]
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