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Oil supply won’t be affected by stricter price cap enforcement – IEA

Oil supply won’t be affected by stricter price cap enforcement – IEA

May 21, 2023 | Africa, Asia, Business, Economy, Environment, Europe, Latin America, Middle East, Politics, Top News, US

By Katya Golubkova and Sakura Murakami HIROSHIMA, Japan (Reuters) -The International Energy Agency (IEA) does not expect moves by the Group of Seven nations to counter the evasion of price caps on Russian energy will change the supply situation for crude oil and oil...
Oil gains over 1%, ends losing streak on tightening supplies

Oil gains over 1%, ends losing streak on tightening supplies

May 15, 2023 | Business, Economy, Europe, Middle East, UK, US

By Shariq Khan BENGALURU (Reuters) -Oil prices rose a dollar a barrel on Monday after three straight sessions of declines, boosted by the prospect of tightening supplies in Canada and elsewhere, although recession fears kept pressuring the market. Brent crude futures...
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