Tag: Oil

Stocks Dive, Oil Jumps Above $100 as Russia Invades Ukraine

February 24, 2022
Business & EconomycommoditiesglobalMarketsOilstocks
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LONDON—Oil prices broke above $100 a barrel for the first time since 2014, stock markets slumped and the rouble hit a record low on Thursday after Russian President Vladimir Putin launched an invasion of Ukraine. Markets displayed all the predictable reactions. Europe’s, main stock markets opened 2.5 percent–4 percent lower, and benchmark government bonds, the…

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Oil Surges Above $100 After Putin Orders Military Action Against Ukraine

February 24, 2022
Business & Economycommoditieseconomic policieseconomyEuropeInternationalInvestmentMarketsOilUkraineWorld
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Click here for live updates Oil prices surged above the $100 per barrel mark on Wednesday after Russian President Vladimir Putin announced the launch of military action against Ukraine. U.S. crude futures were up by 5.46 percent and trading at $97.56 per barrel as of 10:27 a.m. GMT, while Brent crude futures were up 6.47 percent at $103.32, the first…

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Oil Falls as Russia, Ukraine Supply Fears Wane

February 23, 2022
Business & EconomycommoditiesglobalMarketsOilpricesstocks
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LONDON—Oil prices fell on Wednesday, retreating from seven-year highs hit the previous day as it became clear that the first wave of U.S. and European sanctions on Russia was unlikely to disrupt oil supplies. Brent crude was down 59 cents, or 0.6 percent, to $96.25 a barrel at 1027 GMT, after hitting $99.50 on Tuesday,…

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Oil Settles Near 2014 High on Russia-Ukraine Escalation

February 23, 2022
Business & Economyeconomic policieseconomyMarketsOilOil SettlesRussia-Ukraine
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Oil rose to nearly $100 a barrel on Tuesday, reaching its highest level since 2014 after Moscow ordered troops into two breakaway regions in eastern Ukraine. Benchmark Brent futures pared gains in late trading after Western governments announced sanctions aimed at stopping what they fear is the beginning of a full-scale Russian invasion. Global benchmark…

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Oil Hits Highest Since 2014 on Russia-Ukraine Escalation

February 22, 2022
Business & EconomycommoditiesglobalMarketsOilstocks
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LONDON—Oil hit its highest since 2014 on Tuesday as tensions between Russia and Ukraine escalated after Moscow ordered troops into two breakaway regions in eastern Ukraine, adding to supply concerns that are pushing prices to near $100 a barrel. The United States and its European allies are poised to announce new sanctions against Russia after…

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Oil Prices Jump, Shares Sink as Russia Edges Toward Ukraine

February 22, 2022
Business & EconomycommoditiesglobalMarketsOilRussiaSharesstocksUkraine
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BANGKOK—Oil prices surged nearly 5 percent and stock prices dropped after Russian President Vladimir Putin ordered forces into separatist regions of eastern Ukraine, bringing a long-feared invasion a step closer. Russia is a major energy producer and the tensions over Ukraine have brought wide swings in volatile energy prices, on top of the inevitable risks…

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Oil Rises as Tight Market Looks to Russian-Western Diplomacy

February 21, 2022
Business & EconomycommoditiesglobalmarketMarketsOilpricesstocks
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LONDON—Oil prices rose slightly on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that have kept oil prices near $100 a barrel. Brent crude futures rose 25 cents, or 0.3 percent, to $93.79 a barrel at 1000 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 35…

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Oil Heads for Weekly Fall on Iranian Oil Hopes

February 18, 2022
Business & EconomycommoditiesglobalMarketsOilpricesstocks
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LONDON—Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis. Brent crude futures fell $1.54, or 1.6 percent, to $91.43 a barrel by 1236 GMT, extending a 1.9 percent drop from the previous…

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Biden’s Land Bureau Breaking Law on New Oil and Gas Lease Sales: Barrasso

February 17, 2022
bidenBLMBOEMcongressCourt orderDavid Bernhardtenergy crisisEnvironmentExecutive BranchFeatured TopicsFederal-State RelationsGasgasoline pricesJoe ManchinJohn BarrassoJudiciaryMineral Leasing ActOiloil and gasOuter Continental Shelf Lands ActPolicies & ImpactsPoliticsScienceSierra ClubSpinTrumpUSUS Features
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Sen. John Barrasso (R-Wyo.), ranking member of the Senate Energy and Natural Resources Committee, has condemned the Department of the Interior’s Bureau of Land Management (BLM) for its failure to publish a public notice of onshore oil and gas lease sales for this quarter. He said their continued inaction violates the federal Mineral Leasing Act…

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Oil Falls, Caught Between Iran Talks and Ukraine Crisis

February 17, 2022
Business & EconomycommoditiesglobalMarketsOilstocks
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LONDON—Oil prices fell on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages, but losses were capped by heightened tensions between top energy exporter Russia and the West over Ukraine. Brent crude traded down $1.26, or 1.3 percent, at $93.55 a barrel by 0914 GMT. U.S. West Texas Intermediate (WTI)…

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