Today oil prices are up slightly again as new Russian oil sanctions are moving full steam ahead, worrying consumers that prices may go even higher in the future. High prices have been at the top of everyone’s mind, from oil traders to politicians to regular consumers. As the supply crunch rages on, CEOs from six […]
After world leaders such as Biden and French President Macron have called Putin and the Russians “war criminals” for their crimes in Ukraine, more sanctions are now on the way. Markets are reacting this morning by elevating slightly due to concerns that new United States and European sanctions will make supply even tighter, leading to […]
After pulling back heavily yesterday, oil prices are up slightly, with WTI crude hitting $98.59. With Russian and Ukrainian talks yesterday having no positive outcome, Russia seems to be under more pressure to end the invasion with a swift victory of Kyiv. However, the invasion has been anything but swift, and the sanctions imposed by […]
Russia and Ukraine looking for compromise in peace talks Russia and Ukraine both emphasised new-found scope for compromise on Wednesday as peace talks were set to resume three weeks into a Russian assault that has so far failed to topple the Ukrainian government. Ukraine’s President Volodymyr Zelenskiy said the talks were becoming “more realistic”, while […]
This morning oil prices are up as an imminent Russian invasion of Ukraine is becoming more likely. In the wake of tensions between Russia and NATO, President Biden and his administration have called for an in-person meeting with Putin to discuss diplomatic solutions to prevent war in Europe. Biden’s meeting is contingent on Russia not […]
Lack of progress on Iranian nuclear negotiations is pushing markets to fresh highs this morning. Iran’s presidential election, which had been seen as a soft deadline for negotiations, is approaching on Friday this week. The front-runner is Ebrahim Raisi, a hard-line conservative with a history of cracking down on political opposition. Iran’s Supreme Leader Ali […]
Crude closed lower on Monday as coronavirus cases continued to mount, and renewed lockdown measures were enacted in the US, Europe, and Asia. Vaccine hopes and OPEC+ supply cut extensions could not outweigh the pessimism caused by the rapidly spreading infection and the growing number of deaths caused by the virus. Crude is continuing its […]
