Oil dips as European leaders play down prospect of sanctions on Russian energy supplies March 7, 2022 Oil prices have dipped following strong rallies this morning, with Europe playing down the prospect of sanctions on Russian energy supplies.
Oil hits 14-year highs and closes in on $130 per barrel amid fears of tightening supplies March 7, 2022 Oil prices soared to $130 per barrel earlier this morning - its highest level since 2008 - amid supply fears.
Soaring oil prices create panic among most UK drivers March 7, 2022 Soaring oil prices continue to create panic among UK drivers, as growing numbers continue to be concerned about filling up their tanks. As a result of the ongoing Ukrainian conflict and consequences on oil prices as well as because of soaring inflation, UK petrol prices have risen last week to £1.55 per litre for diesel [...]
Oil prices storm to near decade highs before talk of Iran deal calms waters March 3, 2022 Oil prices hit near decade highs and closed in on $120 per barrel today, as buyers shun Russian crude amid intensifying fears of supply fears.
Oil prices surge as Western sanctions on Russia bite March 1, 2022 Both major oil benchmarks surged today, amid escalating concerns over supply disruptions after Russia's invasion of Ukraine.
Petrol prices hit £1.51 per litre as cost of living crisis deepens February 28, 2022 UK petrol prices have broken records yet again following Russia’s invasion of Ukraine, which has further driven fears of supply shortages and seen oil prices spike to over $100 per barrel for the first time since 2014. The latest fuel watch figures from motoring group RAC reveal that unleaded petrol hit a peak on Sunday, [...]
Oil markets volatile amid escalating conflict in Ukraine and upcoming OPEC+ meeting February 27, 2022 Oil will begin the week with both benchmarks back below $100 amid escalating conflict in Ukraine, following Russia's brutal invasion of the country.
Oil surges to $100 per barrel as Russia launches full-scale assault on Ukraine February 24, 2022 Oil prices have reached the $100 milestone for the first time since 2014, after Russia initiated a wide-scale attack on Ukraine today. Brent Crude has soared 5.30 per cent to $101.97, peaking earlier in the session at $102.35, while WTI Crude has boomed 5.07 per cent to $96.77. This follows prices seesawing between dips and [...]
Oil prices climb towards $100 as the West rolls out sanctions on Russia February 23, 2022 The escalating crisis on Ukraine’s eastern flank saw oil prices inch towards $100 a barrel for the first time in almost a decade yesterday.
Oil prices steady as supply fears ease February 23, 2022 Oil prices have stabilised after hitting seven year highs, with the West so far avoiding measures that could hit Russian oil and gas.