A Westernprice cap on Russian oilmeant to curb Moscow's war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

A Western price cap on Russian oil meant to curb Moscow’s war spending is increasingly losing its punch and U.S. officials are scrambling to shore up their experimental intervention in global oil markets.

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0048 GMT – Oil prices edge higher in early Asian trade amid a broad pick up in risk appetite across markets, ANZ analysts say in an email. The risk on tone is aided … Read more

Long Lines At Gas Pump Unlikely, But Middle East Crisis Could Disrupt Supply, Raise Prices

WASHINGTON (AP) — Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don’t expect a repeat of the catastrophic price hikes and long lines at the gasoline pump, experts say. The Israel-Hamas war is “definitely not … Read more

How Will the Israel-Hamas Conflict Impact Global Oil Market | EXPLAINED

Last Updated: October 15, 2023, 17:19 IST The war between Hamas and Israel poses significant risk to global oil markets. (Photo: AP File) If the Israel-Hamas conflict spreads to other oil-producing nations like Iran, the global economy could face severe repercussions The escalating war between Israel and Hamas is expected to threaten the oil market … Read more

U.S. Oil Inventories Rise as Domestic Production Hits Record High

U.S. oil inventories jumped by 10.2 million barrels last week, much more than expected, as domestic production hit a record high. Source link

Oil Prices Don't Need War in the Middle East to Keep Rising

The escalating conflict comes against the backdrop of already tight oil market. Source link

Why the Israel-Hamas War Matters for Investors

While market moves were initially muted, what should be a concern is the potential for the war to escalate. Source link

U.S. Prepares Crackdown on Russian Oil Sanctions Evasion

Treasury Secretary Janet Yellen says the U.S. is likely to start enforcing the $60-a-barrel price cap on Russian oil. Source link

U.S. Probe of Russia-Sanctions Busting Focuses on Major Oil Trader

The investigation is examining whether Murtaza Lakhani, founder and chief executive of Mercantile & Maritime Group, traded Russian oil in breach of Western sanctions. Source link

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Source link