Russia ready to meet India’s oil needs at ‘market price’, Rosneft says By Reuters

[ad_1] © Reuters. Model of natural gas pipeline and Rosneft logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/Files BENGALURU, India (Reuters) – Russia was willing to meet India’s oil needs at ‘market price’, the CEO of top Russian oil major told Reuters on Monday. In December last year, the Group of Seven, the European Union and Australia enforced a … Read more

Crude oil takes another weekly drubbing as U.S. stockpiles swell (NYSEARCA:USO)

[ad_1] SlavkoSereda/iStock via Getty Images Energy was easily the week’s worst performing industry sector, falling alongside crude oil prices weighed by rising U.S. inventories and fading optimism over the global demand outlook. Crude stockpiles normally decline at this time of the year, but the U.S. oil market was amply supplied in January, with the inventory … Read more

Oil heads for weekly loss awaiting China recovery signs By Reuters

[ad_1] © Reuters. FILE PHOTO: The Imperial Strathcona Refinery which produces petrochemicals is seen near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol/File Photo By Sonali Paul MELBOURNE (Reuters) – Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for … Read more