Energy Complex Not Immune to Broad Commodities Sell-Off
The energy complex was not immune to the broad sell-off in commodities over the past week, Standard Chartered Bank Energy Research Head Emily Ashford said.
The energy complex was not immune to the broad sell-off in commodities over the past week, Standard Chartered Bank Energy Research Head Emily Ashford said.
Very Large Crude Carriers are traveling around the narrow, congested waterway - through which about a quarter of the world's seaborne oil trade travels - at as much as 17 knots, ship-tracking data show.
Oil prices closed lower as Iran confirmed talks with the US, easing near-term supply risks.
The Bureau of Ocean Energy Management announced 'another major step toward expanding offshore energy development pursuant to the One Big Beautiful Bill Act'.
Shell Plc profits slumped in the fourth quarter.
Oil settled higher as uncertainty over US-Iran nuclear talks and renewed military rhetoric fueled geopolitical risk premiums despite mixed signals from supply data.
The Russian government's oil revenues collapsed to the lowest in more than five years in January.
Crude prices rose after a drone incident and renewed Strait of Hormuz concerns.
President Donald Trump said he would roll back punitive tariffs on India in return for an agreement that Prime Minister Narendra Modi would stop buying Russian oil.
Algorithmic traders have racked up a third straight year of losses in oil.