The world’s top oil trader said it will be near impossible to avoid U.S. sanctions on Iran, suggesting Donald Trump’s attack on OPEC’s third-largest producer may […]
KUWAIT and LONDON (Bloomberg) — OPEC and allied oil producers including Russia concluded that the crude market re-balanced in April, when their collective production cuts achieved […]
Money managers’ reluctance to get behind the oil rally is finally paying off. Hedge funds trimmed their net-long position — the difference between bets on a […]
LONDON (Bloomberg) — When Saudi Arabia and Russia announced a new policy to revive oil production last week, one thing was missing: most of the other […]