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U.S. sanctions UAE shipping company for violating Russia oil price cap

U.S. sanctions UAE shipping company for violating Russia oil price cap

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The U.S. Treasury under Secretary Janet Yellen on Thursday sanctioned a UAE-based shipping company on allegations it violated a Russian oil price cap of $60 per barrel. File Photo by Michael Reynolds/UPI | License Photo Jan. 19 (UPI) — The Biden administration has sanctioned a United Arab Emirates-based shipping company for violating an oil price […]

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Oil Prices Climb on U.S. Production Outages and an Optimistic OPEC Report

Oil Prices Climb on U.S. Production Outages and an Optimistic OPEC Report

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Still, the price increase was modest, as the American Petroleum Institute estimated a build in oil inventories that analysts did not expect, and as the IEA said it expected lukewarm demand growth this year. In its January Monthly Oil Market Report, OPEC said on Wednesday it expected demand for oil this year to rise by

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Standard Chartered Thinks Oil Prices Are Flirting with Risk Denial

Standard Chartered Thinks Oil Prices Are Flirting with Risk Denial

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Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Jan 17, 2024, 7:00 PM CST Standard Chartered: sentiment in the oil and commodity markets closely mirrors the beginning of 2023. Oil traders fear that market surpluses will be larger in the

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Protracted tightening of policy rate projected until inflation firmly settles

Protracted tightening of policy rate projected until inflation firmly settles

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In response to escalating geopolitical tensions impacting oil prices and a year-end consumer inflation rate of 23.2 percent, the Bank of Ghana Monetary Policy Committee (MPC) is poised to maintain its ‘tighter-for-longer’ policy stance until inflation is securely anchored.  This strategic move reflects the central bank’s commitment to navigating economic uncertainties and fostering stability in

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Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

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Home Fossil Energy Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and

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