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Oil Jumps Above $87 as Russia-Ukraine Black Sea Attacks Escalate

A Russian drone strike on a commercial vessel in Ukraine's Odesa region has killed five seafarers and injured 12 others in one of the deadliest single strikes on commercial shipping since the start of the war. According to Odesa authorities, a Russian drone struck a Togo-flagged general cargo ship... Далее

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Iran Ceasefire Collapse Sends UK Borrowing Costs to Five-Month High

The UK’s borrowing costs have sailed past five per cent for only the third time since the onset of the Iran war, in a headache for Andy Burnham just days before he enters Downing Street. The yield on the UK’s 10-year government bond – the benchmark for a country’s long-term ability to borrow –... Далее

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Asian Oil Importers Pivot to U.S. Supplies as Hormuz Risks Intensify

Asian buyers are back to negotiating spot cargoes of U.S. crude oil after the expected recovery of flows through the Strait of Hormuz ground to a halt early this week with the latest re-escalation in the U.S.-Iran tensions. Asian refiners are now returning to the trade that saved their supplies in... Далее

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Brent Surges Above $86 After Iran Strikes Two UAE Tankers in Hormuz

Brent Crude prices soared by 3% early on Tuesday to above $86 per barrel, following an Iranian attack on two tankers of the United Arab Emirates in the southern lane of the Strait of Hormuz, in one of the biggest attacks in the recent re-escalation in the region. In early trading in Europe... Далее

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Oil Refiners Are Cashing In on a Market That Won’t Stay Broken

Oil refiners have stumbled into one of the best profit environments in years. Crude prices have fallen back to where they traded before the Iran war erupted. But gasoline, diesel, and jet fuel remain stubbornly expensive. That combination has pushed refining margins to extraordinary levels, giving... Далее