China's imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China's General Customs Administration data indicated today, Monday, June 20, that Russian…
Continue ReadingOil prices are falling in volatile trading.. Brent crude is above $120 Oil prices fell, in volatile trading today, Wednesday, June 15, 2022, amid fears that the economic recession and new closures of the Corona virus in China will affect…
Continue ReadingOil prices rose, during trading today, Wednesday, June 8, 2022, amid expectations of a decrease in US oil stocks. The rise coincides with expectations of increased demand for fuel in the upcoming driving season, as the US Energy Information Administration…
Continue ReadingOil prices rose during trading today, Wednesday, June 1, 2022, after European Union leaders agreed on a partial and gradual ban on Russian oil, coinciding with China ending its closure due to Covid-19 in Shanghai. Oil prices had concluded yesterday's…
Continue ReadingOil prices rose about 1% during trading on Monday, with the increase in demand in the United States for fuel and the scarcity of supply. This comes as Shanghai, the economic capital of China, is happy to reopen its doors…
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