Crude oil continues to demonstrate resilience, maintaining its position above the crucial 200-Day Moving Average (MA). Recent market patterns indicate a potential upward trajectory, particularly if the resistance level at $76.29 is surpassed. Crude oil ...
The European Commission (EC) has proposed reducing the price ceiling for Russian oil from its current $60 per barrel to $45. This initiative, reported by the Financial Times on May 27, 2025, is part of ...
On May 15, 2025, the US Department of the Treasury announced the removal of anti-Russian sanctions affecting the Caspian Pipeline Consortium (CPC) and the Kazakh company Tengizchevroil. This decision facilitates the resumption of operations previously ...
China has drastically reduced its imports of US crude oil by 90%, effectively bringing purchases to near zero. This development comes as Chinese oil refineries pivot toward record levels of oil imports from Canada, according ...
