Topic
oilmarket
3 stories, newest first.
Business & Economy · IndiaGlobal oil reserves near critical low, executives warn
Global oil reserves have dwindled to less than 6 billion barrels of usable stock, industry executives warned at a London forum. This depletion, driven by ongoing conflicts and increased demand, has made the market more fragile and is putting upward pressure on prices.
India3 min readTrust 42 · Craft 57 · Hype 41
Business & EconomyGas prices expected to surge Wednesday and Thursday
Gasoline and diesel prices are expected to increase significantly on Wednesday and Thursday, with analysts pointing to ongoing conflicts in Ukraine and Iran as primary drivers. The U.S. average diesel price has reached $6.301 per gallon, and gasoline is at $4.355 per gallon.
3 min readTrust 60 · Craft 67 · Hype 48
Business & Economy · Middle EastSaudi Arabia Cancels European Oil Deliveries After Pipeline Attack
Saudi Aramco has cancelled or delayed crude oil deliveries to European refiners. The disruption follows an attack on the kingdom's East-West pipeline, a key route for bypassing the Strait of Hormuz.
Middle East3 min readTrust 42 · Craft 57 · Hype 41