Page 16 - Tom Kool News Today

High margins have been launching U.S. refiners into a “golden age”, and Marathon is no exception, with a refining unit profit margin increase of over $5 per barrel year-over-year

Crude prices are holding well above $100 per barrel, walking a tightrope between bearish covid news from China and a looming EU ban on Russian crude oil imports

Russia’s war in Ukraine is believed to be contributing to a growing crisis over soaring food prices and food insecurity

Uncertainty and volatility remain the two buzzwords in todays oil markets as the demand destruction caused by Covid lockdowns in China counter the supply risk of a Russian oil ban

After last week’s decline, oil prices have started to pick up again on the back of hopes for Chinese demand rebounding soon

Brent futures hover just above $100, and are set to close lower for a second week in a row as bearish pressure continues to mount in oil markets

The war in Ukraine has led to price increases for commodities worldwide, but in contrast to grain, oil, and gas, soaring helium prices aren’t making the headlines

Oil prices are finally falling as a combination of Chinese lockdowns and a potential breakthrough in peace negotiations between Russia and Ukraine drive bearish sentiment

EU members are divided about imposing a new set of sanctions, with some countrys pushing for a ban on oil and coal imports and Germany resisting

The three biggest international oilfield services firms remain in Russia, not following nearly all Western oil majors that have announced their exit from Russia