Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg via Getty Images Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to…
Aerial view of the construction site of a petroleum products storage facility belonging to Brightoil Petroleum (Holdings) Limited on Waidiao Island on August 8, 2022 in Zhoushan, Zhejiang Province of China. VCG | Visual China Group | Getty Images Oil prices edged higher on Thursday, recouping some of the more than 1% losses from the previous…
A pump jack in Midland, Texas, US, on Thursday, Oct. 3, 2024. Anthony Prieto | Bloomberg | Getty Images Oil prices pared gains in early trade on Monday after charting their biggest weekly rise in over a year on Friday amid mounting threats of a region-wide war in the Middle East. Brent crude futures fell 43 cents,…
The dollar rose to a one-month high versus the yen on Thursday as robustness in the U.S. jobs market backed the idea that the Federal Reserve does not need to rush to cut interest rates. Iryna Ustenko | Istock | Getty Images The dollar rose to a one-month high versus the yen on Thursday as…
The line of contact and captured territories in Russia’s Kursk Oblast. Map: ISW Analysts at the Institute for the Study of War (ISW) have noted that the Ukrainian military was able to take advantage of the situation to launch an operation in Russia’s Kursk Oblast, despite the fact that Russia knew about this and prepared…