Marekts

Explainer: Why Is It So Difficult to Clean Up an Offshore Oil Spill? By Reuters

By Jessica Resnick-Ault NEW YORK – Oil spills in ocean waters are challenging to manage due to their rapid spread…

Read More »

Saudis Lower Oil Prices for Asia Following OPEC+ Restraint That Boosted Rally, According to Bloomberg

Saudi Arabia has announced a reduction in crude oil prices for its Asian customers, its largest market, following OPEC+’s decision…

Read More »

Commodities Hedge Fund Giant Andurand Achieves 82.5% Return Amid Soaring Energy Prices

By Julia Payne LONDON (Reuters) – Hedge fund manager Pierre Andurand’s Andurand Commodities Discretionary Enhanced Fund has seen an impressive…

Read More »

Pipeline Involved in California Oil Spill Shifted 105 Feet Along Sea Floor, Reports Reuters

By Jessica Resnick-Ault and Nichola Groom LOS ANGELES, Calif. – A segment of the oil pipeline that ruptured off the…

Read More »

Oil Reaches Seven-Year High Amid Global Energy Shortages, According to Bloomberg

Oil prices continued to climb from a seven-year high following OPEC+’s decision to maintain its current supply agreement. This comes…

Read More »

Oil Prices Drop, but Ongoing Supply Concerns Limit Declines

By Gina Lee Oil prices experienced a decline on Wednesday morning in Asia amid ongoing global energy constraints that are…

Read More »

European Industry Struggles Amid Escalating Energy Crisis, Reports Bloomberg

European industry is nearing a breaking point as the region’s energy crisis escalates. Power and gas prices are reaching new…

Read More »