Oil Rises on Easing COVID Restrictions, US Storm Concerns
Oil prices hit three-week highs on Tuesday, finding support in China’s latest easing of COVID restrictions on travel and concerns that the extreme winter weather in the US is curbing
Oil prices hit three-week highs on Tuesday, finding support in China’s latest easing of COVID restrictions on travel and concerns that the extreme winter weather in the US is curbing
Operations in production units at Pemex’s Deer Park refinery in Texas were reported to have been halted as the strong winter storm Elliott hit the 312,500 barrel-per-day (bpd) Houston-area refinery.
Oil prices surged on Friday, driven by the possibility of a decline in Russian crude supply, which offset concerns over downward pressure on US transport fuel demand growth as a
Oil prices lost about $1 per barrel on Thursday as the recent draw in US inventories due to a winter storm in the country was offset by concerns over the
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