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How Much Is Libya Losing In Oil Field Shutdowns By Armed Groups?
Following mounting sanctions against Russia’s oil, the West has struggled with little success to contain a likely oil supply crisis, despite the surge in Brent crude price to over $109 a barrel. At the moment, the West is reliant on the boost in crude production and supply from OPEC and their allies as agreed in…
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Visualizing The Surge In Oil Prices As Russia-Ukraine War Persists
The price of crude oil recently surged to about 10%, trading at almost $130 per barrel as the war between Ukraine and Russia rages on. U.S. crude oil was up nearly 9%, from $9.08 to more than $125 per barrel in early trading Sunday evening, while West Texas Intermediate crude, the U.S. oil benchmark, surged 8%,…