Category: Petroleum Daily

. A perfect storm is lining up for a price spike. Russia continues to pound Ukraine into submission and any optimism that a cease fire could happen was swept away today

Oil prices are back above $100 after negotiations between Russia and Ukraine deteriorated. Energy markets are rife with uncertainty, with the IEA suggesting that consumers will have to figure out how to reduce demand as supply shortages loom.

Oil prices sank today, falling to two week lows as hopes of a peaceful resolution for the Ukraine conflict weighed on prices. Volatility has also come back to the market and is at the highest level since 2020

Oil prices rose today, but posted the biggest week over week decline since November after previously hitting the highest prices since 2008.

Oil prices settled down again today, despite OPEC+ reiterating they will not increase output further than expected. While the UAE and Saudi Arabia have spare capacity, other producers are still struggling to meet their targets.

Oil prices surged today as the US banned Russian energy imports and the UK said they will phase them out by the end of the year.

Oil prices jumped again today, to their highest levels since 2008 as the West considers banning Russian oil imports. “

Oil is back at multiyear highs, surging to close out the week as Russia intensified its invasion of Ukraine. The west has not issued any sanctions directly on Russia’s energy industry but their oil industry is being squeezed nonetheless

Oil prices slid today after hitting decade highs as state department sources claimed they are close to a deal and bringing Iranian crude back to market

Oil prices surged again today as OPEC+ decided not to boost output further than planned.