Saudi Arabia and the United Arab Emirates said the U.S. must trust OPEC+’s strategy, as Washington and other major importers call on the group to hike oil production following Russia’s invasion of Ukraine.
By K. Oanh Ha, Ann Koh, Devika Krishna Kumar and Verity Ratcliffe (Bloomberg) — Russia’s ongoing invasion of Ukraine has the shipping industry bracing for new shocks to its labor force,.
Oil pared most of its gains after President Joe Biden said the U.S. is working with major consuming nations to coordinate a collective release from strateg.