Articles

  • 1 week ago | marketscreener.com | Shariq Khan |Anna Hirtenstein

    Published on 06/15/2025 at 18:24, updated on 06/16/2025 at 11:34NEW YORK (Reuters) -Oil prices fell more than $2 per barrel on Monday after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region. Brent crude futures fell $2.65, or 2.7%, to $71.58 a barrel by 11:05 a.m. ET (1506 GMT). U.S. West Texas Intermediate crude futures fell $2.71, or 3.7%, to $70.27 per barrel.

  • 3 weeks ago | wncy.com | Robert Harvey |Shariq Khan |Nicole Jao

    By Robert Harvey, Shariq Khan and Nicole JaoLONDON (Reuters) -Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand. The strength in fuel markets contrasts with crude oil prices falling to a four-year low in May, after OPEC+ unwound output cuts faster than planned.

  • 3 weeks ago | money.usnews.com | Robert Harvey |Shariq Khan |Nicole Jao

    ReutersA general view shows a local oil refinery during sunset in Omsk, Russia March 16, 2022. REUTERS/Alexey Malgavko/File PhotoBy Robert Harvey, Shariq Khan and Nicole JaoLONDON (Reuters) -Refiners across the globe are reaping unexpected profits from producing key fuels in recent weeks, offering an ailing sector respite before an anticipated weakening later this year, as plant closures have tightened fuel supply needed to meet peak summer demand.

  • 3 weeks ago | timeslive.co.za | Robert Harvey |Shariq Khan |Isaac Anyaogu

    02 June 2025 - 16:35 Just R20 for the first month. Support independent journalism by subscribing to our digital news package. The Dangote refinery in Ibeju-Lekki district on the outskirts of Lagos, Nigeria. File photo. Nigeria's Dangote oil refinery will import at least 5-million barrels of US WTI crude oil in July, three trading sources told Reuters, extending its buying spree after a potential record tally for June.

  • 1 month ago | claimsjournal.com | Shariq Khan |Georgina McCartney |Florence Tan

    A former senior analyst at U.S. trading company Freepoint Commodities has sued the company, alleging that top executives pressured employees to facilitate insider trading and retaliated against employees that objected. The lawsuit, filed in a New York federal court on May 14 by former employee Andrew Martin, claims Freepoint fired Martin in November to stop him from flagging unethical practices on the company’s oil team during an FBI visit of its headquarters in December.

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