Oil Prices Surge to 9-Week High on Supply Concerns
Oil prices surge to a nine-week high as supply concerns and technical buying outweigh fears of interest rate hikes, driving demand for oil
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Oil prices surge to a nine-week high as supply concerns and technical buying outweigh fears of interest rate hikes, driving demand for oil
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ALBAWABA – Oil prices rose Monday in the wake of an aborted revolt by Russian mercenaries over the weekend on concerns over further oil supply disruptio
China's oil imports from Russia jumped to a record high in May, Chinese government data showed on Tuesday, as private refiners continue to snap up sanctioned ESPO and Urals crude shipments at discounts. Arrivals from Russia totalled 9.71 million metric tons in May, or 2.29 million barrels per day (bpd). Shipments were up 15.3 per cent from 1.50 million bpd in the same month