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Auto · 23 Jun 2022
Oil Settles Up 1% On Tight Supply, U.S. Crude At 13-Week High
Brent futures gained $1.06, or 0.9%, to settle at $120.57 a barrel, its highest since May 31. U.S. West Texas Intermediate (WTI) crude gained 91 cents, or 0.8%,…
Auto · 23 Jun 2022
Russia Becomes India’s Second Biggest Oil Exporter, Trade Sources
Russian grades accounted for about 16.5% of India's overall oil imports in May
Auto · 23 Jun 2022
Oil Prices Fall Over 2% As Fed Hikes Interest Rates
Brent crude futures for August settled down $2.7, or 2.2%, at $118.51 a barrel, having fallen as low as $117.75. U.S. West Texas Intermediate crude for July fell…
Auto · 23 Jun 2022
U.S. Pressures Iran By Targeting Chinese, UAE Companies
The United States imposed sanctions on Thursday on Chinese and Emirati companies and on a network of Iranian firms that help export Iran's petrochemicals, a step that may…
Auto · 23 Jun 2022
India’s May Palm Oil Imports Drop 10% As Indonesia Curbs Exports
India imported 514,022 tonnes of palm oil in May, down from 572,508 tonnes in April, according to the Solvent Extractors' Association (SEA) of India.
Auto · 23 Jun 2022
Oil Swings Higher As Tight Supplies Overshadow Demand Destruction
Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth.
Auto · 23 Jun 2022
Iran Expects Confiscated Oil Cargo To Be Returned In Full
The case arose when Greece in April impounded the Iranian-flagged Lana, formerly Pegas, with 19 Russian crew members on board, near the island of Evia due to European…
Auto · 23 Jun 2022
Tesla’s Musk Feels ‘Super Bad’ About Economy, Needs To Cut 10% of Salaried Staff
A message sent to executives laid out his concerns and told them to "pause all hiring worldwide."
Auto · 23 Jun 2022
U.S. Stocks End Down Slightly After Early Boost From Powell; Oil Falls
Major U.S. stock indexes ended down slightly Wednesday, losing early gains tied to remarks by Federal Reserve Chair Jerome Powell that the U.S. central bank is "strongly committed"…
Auto · 23 Jun 2022
Exclusive: Russia Has No Extra Oil To Sign Deals With Two Indian Buyers; Sources
Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb.…