Crude's Drop, Strong Ruble Cut Russian Oil Revenue to 2-Year Low
Russia's oil revenue in June slumped to a two-year low as global crude prices fell and the ruble strengthened.
Russia's oil revenue in June slumped to a two-year low as global crude prices fell and the ruble strengthened.
Oil prices fell after news of planned US-Iran nuclear talks eased Middle East tension risks.
'We expect ministers will continue the unwinding of the November 2023 tranche of cuts', analysts at Standard Chartered Bank said.
Oil prices climbed 3% after Trump announced a trade deal with Vietnam.
Iraq's electricity grid lost around 15 percent of its generation capacity after gas supplies from neighboring Iran were more than halved on Tuesday.
A statement posted on the White House website on Tuesday said the Senate 'delivered a resounding victory for American workers'.
Oil rose slightly as Middle East tensions resurfaced, keeping traders cautious.
Russia's sanctioned Arctic LNG 2 project raised production to record levels during the last days of June.
'Yesterday's natural gas price implosion fully erased Friday's gains', Eli Rubin, an energy analyst at EBW Analytics Group, said.
April was a volatile month for diesel futures after President Trump announced sweeping tariffs on April 2, causing prices to tank.