The US is releasing 45 million barrels from its strategic reserves. This move aims to cool soaring gas prices ahead of the upcoming midterm elections ... .
The step could quickly release around 140 million barrels of oil into the global market. Much of the sanctioned Iranian oil is currently being held by China at low prices ....
HPCL bought a million barrels each of Clov and Cabinda grades from Exxon at around a $15 premium to dated Brent on a delivered basis, as per the report ....
A narrow strait. A currency condition. And what appears to be the quiet unraveling of the financial architecture that has underwritten American power for half a century ... .
NEW YORK — A roller-coaster day for oil prices showed how they’re dictating where financial markets and maybe even the global economy are heading. Stocks tumbled in Europe and Asia when oil prices shot higher early on Thursday, but U.S ... .