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Asian equities swung Monday following a mixed US jobs report that left investors weighing the chances of another Federal Reserve interest rate hike.The cheer was offset by a still-strong read on wage growth, which backed up the hawkish outlook for more tightening, with Bloomberg reporting traders see a 40-percent chance of another hike this year.

The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and oil tanker. 

The footprint of President Vladimir Putin's war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and oil

The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and oil tanker.  For the first time, the attacks put at risk Russia’s commodity exports via the Black Sea, a route that accounts for most of…

Output from the Organization of Petroleum Exporting Countries plunged by 900,000 bpd last month to an average of 27.79 MMbpd, according to a Bloomberg survey. It’s the biggest reduction since the group and its allies slashed supplies during the depths of the Covid pandemic in 2020.

Russias oil firms are setting a record pace in their drilling this year.

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

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.

(Bloomberg) -- Saudi Arabia will prolong its unilateral oil production cut by one month, keeping a lid on supply amid persisting fears over the global economy. Its OPEC+ ally Russia also announced fresh curbs on exports. Most Read from BloombergTesla and BYD Post Record Sales on Surge in Electric-Car DemandIt’s Getting a Lot Harder to Chase the Stock Rally From Here OnFrench Riots Begin to Abate Even as Economic Costs MountSingapore’s Star Banker Creates a Succession Dilemma for DB...

Riyadh surprised oil traders earlier this month when it announced the extra cutback, which came on top of curbs it was already making with fellow OPEC+ producers. The supply reduction will take effect in July, with the possibility of extensions.