Market Dynamics

Ukraine Tensions Propel Oil Toward $100/bbl

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
finance trading currencies us dollar Money,Close,Up,High,Quality
ShutterstockProfessional/Shutterstock

Oil is racing toward $100 per barrel with geopolitics adding a fresh layer of upside risk to already bullish market fundamentals. Brent crude futures touched $90/bbl for the first time since 2014 this week, with political discord between Russia and the West over Ukraine thought to be adding at least $5/bbl to current oil prices.

Topics:
Diesel/Gasoil, Jet Fuel
Wanda Ad #2 (article footer)
#
India plans to set a 2025 target for 1% SAF usage for domestic airlines to meet its net-zero emissions goal by 2070.
Fri, May 26, 2023
Exxon will capture, transport and store CO2 emissions in Louisiana in what appears to be one of the first large offtake agreements for CO2 in the hard-to-abate steel sector.
Thu, Jun 1, 2023
Politically driven flip-flops in fuel retail policies are flummoxing investors in India — and could drive them away.
Thu, Jun 1, 2023