Oil prices erase 2022 gains as protests in China raise demand concerns

WTI is lowest since December 2021, Brent lowest since January 2022 Clashes in Shanghai as COVID protests flare up across China Investors are focusing on the next OPEC+ meeting on December 4 Nov 28 (Reuters) – Oil prices fell close to their year-to-date lows on Monday as street protests against strict COVID-19 restrictions in China, … Read more

Oil muted as price cap proposal eases supply concerns

G7 price cap on Russian oil could be above current trade levels EIA data on gasoline stocks show higher-than-expected build COVID-19 controls tighten in China Nov 24 (Reuters) – Benchmark Brent oil fell lower on Thursday as West Texas Intermediate (WTI) crude held steady, floating within sight of two-month lows as the level of a … Read more

Oil prices hit a 10-month low according to the OPEC+ production boost report

Saudi Arabia And Other OPEC Producers Looking To Increase Production -WSJ Chinese demand fears and the strong dollar are also weighing on prices LONDON, Nov 21 (Reuters) – Oil prices fell to their lowest level since early January on Monday after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are … Read more

Nord Stream leaks confirmed as sabotage, says Sweden

Sweden says damage to Nord Stream lines was “gross sabotage”. Traces of explosives found on location during investigation Further investigation will show whether suspects can be identified STOCKHOLM, Nov. 18 (Reuters) – Investigators have found traces of explosives at the site of the damaged Nord Stream gas pipelines, confirming sabotage has taken place, a Swedish … Read more

Russian missiles bomb Ukrainian energy installations and defense plants

Russia carries out new missile strikes in Ukraine Two deaths were reported overnight in southeastern Ukraine Gas production facilities damaged, says Naftogaz KYIV, Nov 17 (Reuters) – Russia on Thursday hit Ukrainian energy facilities and a massive rocket booster factory in a new spate of missile attacks that Ukrainian officials denounced as terrorism. Explosions were … Read more

House donated to mobile veteran and his family

MOBILE, Ala. (WKRG) – A veteran and his family are the proud owners of a home in West Mobile, the home was donated to them this morning by the PNC bank and the Military Warriors Support Foundation. John Stapleton and his wife Janine saw their new home in Mobile for the first time Tuesday morning. … Read more