Tagged: Crude Oil

2nd May 2022

Oil down $1 on China growth worries, while EU weighs Russian crude ban

Oil prices fell on Monday in holiday-sapped trade in Asia as concerns about weak economic growth in China, the world’s top oil importer, outweighed fears of potential supply stress from a looming European Union...

Europe / Russia

9th March 2022

What would a U.S. ban on Russian oil mean for the world?

The possibility that the United States might ban Russian oil imports has triggered a surge in Brent crude to almost $140 a barrel, its highest level since 2008. Russia is the world’s top exporter...

Oil Economy

2nd March 2022

Oil prices surge over 7% as global crude reserve release disappoints

Oil prices surged over 7% on Tuesday to their highest since 2014, as a global agreement to release crude reserves failed to calm fears about supply disruptions from Russia’s invasion of Ukraine. Members of...

Middle East Monitor / Africa / Economy / Geo Economics / Trade

25th March 2021

Oil falls as demand concerns trump Suez Canal disruptions

Oil prices fell more than 1% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the...

Middle East Monitor / Environment

7th November 2019

Top Secret Israeli Oil Firm to Pay $30m for Catastrophic Spill in Landmark Case

In 2014, some 5 million litres of crude oil leaked into the Evrona Nature Reserve in what is considered to be one of Israel’s worst ecological disasters Israel’s state-owned Eilat-Ashkelon Pipeline Company will pay 100...