Oil extends drop in thin trading as fears over Covid wave mount
Crude is heading for the first back-to-back quarterly loss since ‘19 after a volatileyear
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Crude is heading for the first back-to-back quarterly loss since ‘19 after a volatileyear
A fleet of tankers filled with Russian fuel oil have anchored near Singapore and Malaysia.
By Elizabeth Low (Bloomberg) A fleet of tankers filled with Russian fuel oil have anchored near Singapore and Malaysia as more flows are directed toward Asia ahead of European Union...
For now, traders appear to be taking the view that the flow of Russian oil indicates that the market won’t be as tight as first thought.
(Bloomberg) -- Millions of barrels of Russian oil are still finding a way to buyers almost a month after the country first invaded Ukraine, tempering concerns that a sanctions backlash would all but choke off supply and cause the market for physical cargoes to overheat.