WTI Crude Spikes Almost 5% On Fears Of Tight Supply | OilPrice.com

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Crude oil prices were on the rise early on Friday morning on continuing fears that the oil markets remain tight with the G7 agreeing on a fixed price capping mechanism on Russian crude.

Maersk Reports Record Profits But Warns Of Challenges AheadUK Bans Services From Transporting Russian Oil Above Price CapEuropean Natural Gas Prices Climb As Nuclear Output DropsGuyana To Launch First Oil Tender Under New RulesCrown Prince Mohammed bin Salman Launches Saudi Arabia's First EV BrandAustria Looks To Ban Oil And Coal Heaters From 2023Azerbaijan Needs Investment In Order To Boost European Gas FlowsUAE Believes The Oil Industry Is In “Decline Mode”Oil Prices Fall As Economic...

Container Carrier Sees Global Trade SlowingRussian LNG Exports Rise Despite The Push To Cut Dependence On RussiaVenezuela’s Oil Exports Plunge In OctoberIran To Sign $40 Billion Deal With Russian Gas GiantCovid Restrictions Force Chinese EV Maker To Suspend ProductionSaudi Intelligence Warns Of An Imminent Iranian AttackLarge Crude, Gasoline Draws Send Oil Prices UpElectricity Restored In Kyiv But Damage From Russian Strikes Is ExtensiveRussia And Iran To Sign Free Trade Agreement With The...

 

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Crude Oil Prices Today | OilPrice.comCheap sour crude grades are helping U.S. refiners continue to post strong profits. The strong results from supermajors have prompted renewed criticism from President Biden. Money god before country And what will our trucks and ships and trains run on? Hopes & dreams? More empty shelves coming to a store near you... The West is always 3 days away from famine. If hauliers don't work (strike / lack of diesel) 3 days later, the supermarkets are empty. Without significant food storage & food processing tech that doesn't stop food going off after a few days... It's not a matter of if, but when.
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