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The tanker Lana is preparing to return to Iran

The Iranian tanker Lana will soon return to the country with its cargo of oil, months after it was seized off the Greek coast as part of a US crackdown on Iranian crude exports. Lana's cargo is...

Oil: Daily losses trimmed gains by around 3.8% for the week

Oil prices lost ground on Friday after reports that the supply disruption in the Gulf of Mexico was short-lived. However, on a weekly basis, WTI and Brent maintained significant gains as fears of a possible...

USD/CAD Battles 200 DMA Following US PPI Slowdown

USD/CAD extended losses for the second day in...

IEA: Russian oil production to fall by 20% when European embargo comes into effect

Russian oil production is set to fall by around 20% by early next year as an import ban from the European Union takes effect, according to Bloomberg citing the International Health Organization (IEA). Gradual monthly reductions will...

The IEA sees an increase in demand for oil

Heatwaves in Europe and dwindling natural gas supplies due to high fuel prices are boosting demand for oil as power plants seek alternative fuel sources to meet growing demand for electricity, according to the International Energy...