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Predicted oil price at $100 a barrel dampened by stagnating demand | Grant Smith & Alex Longley

The big bang expected for oil prices this year is turning into a whimper.  Just weeks ago, Brent crude was on the cusp of finally fulfilling industry forecasts of a return to $100 a barrel as record fuel demand and Saudi Arabia’s supply cuts depleted global oil inventories. The eruption…

Oil at $100 a Barrel is Looking Less Likely After All

(Bloomberg) The big bang expected for oil prices this year is turning into a whimper. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearAdam Neumann Remains a Billionaire Even With WeWork BankruptcyVirginia Democrats Fend Off Republican Sweep in Win for Abortion RightsEverything We Know About Grand Theft Auto 6 Right NowJust weeks ago, Brent crude was on the cusp of finally fulfilling industry f

Why the US can t stop Iran s lucrative oil trade with China | Serene Cheong

Washington’s hawks are demanding that President Joe Biden’s administration tighten US sanctions on Iran as punishment for its support of Hamas, the militant group behind the attacks that triggered the current conflict with Israel. Tehran, they argue, has been exporting more oil over recent months than it has in years.…

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