Russian oil price cap could push up world prices – Russia’s Novak says:

A model of 3D-printed oil barrels is seen in front of the displayed stock chart going down in this image, taken Dec. 1, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia, where the law limits coverage of Russian military operations in Ukraine MOSCOW, June … Read more

Oil price rises for fourth day due to supply concerns

An employee uses a gas pump at a gas station of Brazilian oil company Petrobras in Brasilia, Brazil, March 7, 2022. REUTERS/Adriano Machado/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register OPEC, OPEC+ begin two days of policy meetings US inventories fall as refineries pick up activity US crude production hits high … Read more

Macron tells Biden UAE and Saudi Arabia can barely increase oil production

GARMISCH-PARTENKIRCHEN, Germany, June 27 (Reuters) – Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron said Monday the UAE president had told him. Saudi Arabia and the UAE are seen as the only two countries in the Organization of Petroleum Exporting Countries (OPEC) … Read more

Oil prices soar ahead of G7 talks on new Russian sanctions

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada, Nov. 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register LONDON, June 27 (Reuters) – Oil prices rose during a volatile session Monday as investors waited for any moves against Russian oil and … Read more

Ecuador cuts petrol prices in last concession to protesters

QUITO, June 26 (Reuters) – Ecuadorian President Guillermo Lasso said Sunday he would cut gasoline and diesel prices by 10 cents a gallon, the latest concession to try to end nearly two weeks of anti-government protests that at least six people have died. The sometimes violent demonstrations by largely indigenous protesters demanding, among other things, … Read more