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Brent crude rises above $120 a barrel as UK fuel prices hit record highs

Brent crude rises above $120 a barrel as UK fuel prices hit record highs Price increases on global oil markets and at UK forecourts add to concerns about rising inflation and its impact Diesel prices in the UK hit a record 182.7p a litre on Saturday, taking the cost of filling up a 55-litre diesel […]

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Putin: $100 Oil Is “Quite Possible”

Putin: $100 Oil Is “Quite Possible” It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday Putin: Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock […]

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Crude oil prices will go the way of ‘whale oil’ as demand has peaked, says ARK’s Cathie Wood 

Crude oil prices will go the way of ‘whale oil’ as demand has peaked, says ARK’s Cathie Wood Rising crude oil prices are a factor of supply rather than demand, she says An old building of a British shipping base, which was consumed by a mudslide sparked by a volcano, crumbles at Whalers Bay in […]

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Crude oil, refined product prices jump after Colonial pipeline cyberattack

Crude oil, refined product prices jump after Colonial pipeline cyberattack HIGHLIGHTS Colonial pipeline primary artery for gasoline, refined products for South, East Coast US declared a state of emergency following the attack ICE Brent July contract up about 0.4% from previous settle Singapore — 0346 GMT: Crude oil and refined product prices jumped during the mid-morning […]

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What’s Behind The Crash In Crude?

What’s Behind The Crash In Crude? Oil prices crashed to new one-year lows on Tuesday, dragged down by a deepening sense of global economic gloom as well as fears of oversupply in the oil market itself. The reasons for the sudden meltdown were multiple. Rising crude oil inventories and expected increases in shale production weighed […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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