Read more about the article Oil settles up on distillate strength, supply concerns
My View Following Saved May 2, 2022 3:47 PM EDT Last Updated 21 hours ago Oil settles up on distillate strength, supply concerns By Laura Sanicola 3 minute read Storage tanks at Marathon Petroleum's Los Angeles Refinery in Carson, California, U.S. Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California, U.S., March 11, 2022. Picture taken with a drone. REUTERS/Bing Guan/Files

Oil settles up on distillate strength, supply concerns

Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products,…

Continue ReadingOil settles up on distillate strength, supply concerns

Oil falls 3% as investors focus on weak China economic activity

Price action West Texas Intermediate crude for June delivery CL.1, -3.76% CL00, -3.74% CLM22, -3.73% slumped $3.95, or 3.8%, to $100.74 a barrel on the New York Mercantile Exchange.July Brent crude BRN00, -3.29% BRNN22, -3.41%, the global benchmark, dropped $3.82, or 3.5%,…

Continue ReadingOil falls 3% as investors focus on weak China economic activity

A Tanker’s Giant U-Turn Reveals Strains in the Market for Russian Oil

Oil Tanker Takes a Meandering Path In the AtlanticSource: MarineTraffic.comhttps://www.nytimes.com/2022/04/02/climate/oil-tankers-russia.html The ship, originally sailing to Philadelphia, apparently lost its buyer in the middle of the Atlantic. A number of tankerscarrying…

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Read more about the article Oil rises on concerns global political risks could tighten supplies
A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. REUTERS/Jon Nazca/File Photo

Oil rises on concerns global political risks could tighten supplies

Reuters: A GOI company truck is seen next to fuel pumps at a Cepsa petrol station in Cuevas del Becerro, Spain, November 29, 2021. REUTERS/Jon Nazca/File Photo NEW YORK, Jan…

Continue ReadingOil rises on concerns global political risks could tighten supplies
Read more about the article Oil breaks $90/bbl for the first time since 2014 on Russia tensions
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. REUTERS/Nick Oxford//File Photo

Oil breaks $90/bbl for the first time since 2014 on Russia tensions

Reuters – U.S.' Blinken assures global energy supply won't be disrupted Biden threatens sanctions on Putin over any Ukraine invasion U.S. crude, gasoline stocks build, even as fuel demand surges…

Continue ReadingOil breaks $90/bbl for the first time since 2014 on Russia tensions