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Oil prices pared some losses on Monday, with Brent gaining nearly 2% as a nuclear deal with Iran seemed to fade further away and markets refocused on Europe’s coming ban on Russian oil and tight supply fears
Bearish sentiment appears to have taken hold of oil markets, with prices set for yet another week of declines despite Russia and OPEC's best efforts
Crude prices held around $90 per barrel at the beginning of the week after OPEC+ announced a tiny, symbolic output cut
Crude prices bounced on Friday, recuperating some losses as China's COVID lockdowns become the main narrative in oil markets again.
Italian oil major Eni has become the latest company to fall victim to a cyberattack as the sector seems particularly vulnerable to cybercrime