Oil prices drop
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The United States is considering whether to strike Iran as turmoil intensifies for the country’s authoritarian regime.
Simultaneous geopolitical flare‑ups in Venezuela, Iran and the Black Sea have pushed oil prices to a three‑month high, creating a treacherous environment for investors even as a large supply glut still looms over the market.
Mexico, which was providing some oil to Cuba before Maduro's capture by the U.S., has become an especially key fuel supplier to the island since the Venezuelan leader's arrest, which was accompanied by the U.S. interception of vessels carrying oil to Cuba. Sheinbaum has referred to oil as "humanitarian aid."
An abrupt surge in oil prices could cause inflation to rise and spark volatility in markets. Brent on Tuesday jumped to the highest level since November.
China's oil imports from Venezuela are expected to slump starting from February as fewer tankers have managed to leave for Caracas' top crude buyer after the U.S. claimed control of the OPEC producer,
Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, risk management, and public policy. Peter began covering markets at Multex (Reuters) and has expanded his coverage to include investments ...
For more than half a century, oil analysis laboratories have been the backbone of industrial reliability programs. From mining and power generation to transportation, these labs have helped maintenance teams prevent failures,
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Indonesia scraps plan to introduce B50 biodiesel this year, will raise palm oil export levy
Indonesia has scrapped plans for a mandatory B50 grade of palm oil-based diesel this year and will stick with B40 owing to technical and funding concerns, government officials said on Wednesday, easing concerns over strains on global palm oil supplies.