Oil crisis

Oil crisis

Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken 24 February, 2022. PHOTO: REUTERS/Dado Ruvic/Illustration

Brent spikes to $139 on prospect of Russia oil ban, delay in Iran deal

In the first few minutes of trade Brent crude reached $139.13 and US West Texas Intermediate (WTI) hit $130.50, both benchmarks striking their highest levels since July 2008

Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken 24 February, 2022. PHOTO: REUTERS/Dado Ruvic/Illustration

Oil price set to surge further on Iranian talks delays

A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, US June 9, 2016. Photo :Reuters

Oil rises above $112 as Ukraine conflict offsets Iran supply hope

Photo: Reuters

Oil prices jump as Ukraine conflict stokes supply concerns

A general view shows an oil treatment plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia, 10 March, 2019. PHOTO: REUTERS/Vasily Fedosenko

Oil prices dip after soaring on Russia's invasion of Ukraine

Emptier than we thought.Photographer: SeongJoon Cho/Bloomberg

The world has been using a lot more oil than we thought

Visitors look at a stock quotation board at Tokyo Stock Exchange in Tokyo Japan, October 11, 2018/ Reuters

World stocks stall, oil drops as virus concerns linger

Photo: Reuters

Oil slips in US as Covid-19 surge halts flights

Liam Denning. Illustration: TBS

Biden’s stock-and-awe oil offensive

Oil pump jacks work at sunset near Midland, Texas, US, August 21, 2019. Picture taken August 21, 2019/ Reuters

Oil falls sharply after big build in US inventories

A coal-burning power plant can be seen in the city of Baotou, in China's Inner Mongolia Autonomous Region, October 31, 2010. REUTERS/David Gray

Hungry for fuel, China looks to the US, Europe eyes relief plans

General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, US, March 30, 2020/ Reuters

Oil up as industries switch from gas, little sign supply crunch easing