Oil’s futures curve slips into backwardation as diesel cracks hit $100 a barrel
Oil's futures curve has swung into backwardation, with near-term contracts trading above longer-dated ones as diesel margins hit historic highs….
Brent Crude News
Latest Brent crude oil news — price movements, global supply factors, geopolitical risks and energy market analysis.
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Ukraine strikes major oil refinery and terminal, extending deep-strike campaign on Russian energy
Ukraine struck a major Russian oil refinery and a smaller oil terminal overnight, extending a campaign aimed at cutting the…
Oil hits three-week high as Iran war impasse threatens Middle East supply
Brent and WTI crude both climbed to three-week highs on Thursday, gaining for a fifth straight session as the impasse…
Somali pirates return in force as U.S.-Iran war drains naval patrols
Somali pirates have seized two commercial vessels since July as the U.S.-Iran war diverts naval resources away from anti-piracy patrols…
Brent Crude Jumps 2.4% to $93.85 as US-Iran Ceasefire Lapses
Brent crude rose 2.4% to $93.85 a barrel on Thursday, its fifth straight day of gains, after the US-Iran ceasefire…
