Oil futures rise Friday, but are on track for a weekly loss as they retreat from nearly 14-year highs.
Oil futures rose Friday, but were on track for a weekly loss as they retreat from nearly 14-year highs as traders assessed potential efforts to replace Russian crude on the global market in the wake of Russia’s invasion of Ukraine.
A pause in talks aimed at returning Iran to an international nuclear accord and reports that a drone attack on a Saudi Aramco refinery in Ryadh by Iran-aligned Houthi rebels helped lift crude in Friday’s session. Remarks earlier this week by the United Arab Emirates’ ambassador to the U.S. expressing a willingness to see the Organization of the Petroleum Exporting Countries boost output were also a factor, even though the U.A.E.’s energy minister subsequently contradicted the ambassador, Fritsch said. The remarks nonetheless have initiated a debate, the analyst said.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia attacks Ukraine: UN Security Council will meet Friday at Russia’s request (live updates)Update: Ukraine has now lost all forms of communications with Chernobyl nuclear power plant
Read more »
Biden to announce Friday that US will move to revoke 'most favored nation' status for RussiaPresident Joe Biden to announce the US, along with the G7 and EU, will move to revoke permanent normal trade relations with Russia, sources say.
Read more »
Russia attacks Ukraine: UN Security Council will meet Friday at Russia’s requestBREAKING: Senate approves $13.6 billion in aid for Ukraine, sends final funding bills for federal government to President Biden's desk
Read more »
Opinion | Biden's short-term fix to Russia oil crisis could backfire.julito77: A short-term fix with Venezuela might lower gas prices but it also exposes America’s self-interest.
Read more »
Oil Prices, Stock Futures Gain as Russia Escalates Attacks on UkraineU.S. stock futures rose and oil prices jumped, extending a volatile stretch for markets as investors assessed developments from the war in Ukraine.
Read more »
Opinion | From Russia to Brazil, Chubb Is Insuring Deadly Oil and Gas Expansion'In the lead-up to Chubb’s May 2022 annual general meeting, Rainforest Action Network and partners are joining calls led by Chubb’s shareholders and urging the company to rule out insuring deadly fossil fuel expansion.'
Read more »