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  • Oil on Edge as Markets weigh Poland Strike, Sluggish Demand

    Oil on Edge as Markets weigh Poland Strike, Sluggish Demand0

    Oil prices fell slightly on Wednesday as investors awaited more clarity on a potential Russian missile strike against Poland, while mixed U.S. inventory data and concerns over slowing Chinese demand also brewed more uncertainty in the market Crude markets were focused squarely on the North Atlantic Treaty Organization’s (NATO) response to a Russian-made missile killing

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  • Even as reduced demand threatens to limit increases, oil prices continue to rise

    Even as reduced demand threatens to limit increases, oil prices continue to rise0

    Early Friday trade saw oil prices rise, but they were poised for their first weekly losses in three weeks as concerns about inflation and China’s COVID lockdowns slowed the global economy, outweighing concerns over declining Russian fuel supplies. At 0008 GMT, Brent crude prices were up 97 cents, or 0.9 percent, at $108.42 a barrel,

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  • Russia offers oil to India at steep discount of $35 a barrel to pre-war price

    Russia offers oil to India at steep discount of $35 a barrel to pre-war price0

    Russia has offered oil to India at a steep discount of $35 barrel on prices before the war as mounting international pressure lowers the appetite for its barrels elsewhere following the invasion of Ukraine, reported Bloomberg. The sanctions-hit nation is offering its flagship Urals grade to India at discounts of as much as $35 a

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