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Japan began to sell the oil in its strategic reserves to counter rising oil prices with moderate sales. The country joined the unprecedented, coordinated release of crude oil in the strategic reserves
Oil prices were mixed on Monday. Brent crude oil rose slightly, while US crude oil futures fell. The fall came after airlines canceled thousands of flights in the United States
Brent crude oil futures rose for three days in light holiday trading on Friday. However, the benchmark should still increase every week. The market is concerned about the next move
Iran and Sri Lanka signed a memorandum of understanding (MOU). According to it Sri Lanka will settle the US$251 million in oil import expenses owed to Iran by bartering. The
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