Page 2 - Devika Krishna Kumar News Today

(Bloomberg) -- Saudi Aramco Chief Executive Officer Amin Nasser said even though his company’s global oil consumption forecasts have been reduced over the past decade, it still has a more bullish outlook than many observers.Most Read from BloombergHow Auto Executives Misread the UAW Ahead of Historic StrikeVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingXi’s Missing Defense Chief Opens Door for US Military TalksTrillion-Dollar Industry Powering Chicago a...

Oil hit its highest level in almost nine months on concern that the conflict between Russia and Ukraine may choke supply in a tight market. Read on.

Oil rose after Ukrainian President Volodymyr Zelenskiy said his country would retaliate if Russia continues to block Ukrainian ports.

Oil rose after Saudi Arabia prolonged its unilateral production cut by another month and hinted that deeper reductions may be on the way.

The price of gasoline is starting to surge everywhere, an inflationary omen for central banks and governments the world over.

(Bloomberg) -- The price of gasoline is starting to surge everywhere, an inflationary omen for central banks and governments the world over.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Pleads Guilty in Last-Minute Revised Deal With DOJUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley SaysChina Replaces Foreign Minister After Mysterious AbsenceFutures just soared

Gasoline prices are often a topic of contention as those costs can be an essential daily expense for many, alongside food and rent.

Gasoline prices are often a topic of contention as those costs can be an essential daily expense for many, alongside food and rent.

Barrels of cut-price crude continue to flood from Iran and Russia, but at the very least the market appears to have found a floor.

Oil rose amid indications that Russian crude production is dropping, signaling the markets supply glut may be coming to an end.