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Plunging US Oil Supply Is Driving Up Prices Around the World

(Bloomberg) Oil buyers across the planet are facing some of the highest premiums for supplies they’ve seen in months — or longer — as dwindling stockpiles at the largest US storage hub reverberate through markets from Asia to the Middle East to Europe. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on SubstanceUAW Aims For At Least 30% Wage Bump to Woo New Members‘Fortnite’ Maker Epic Games Is Cutting Ab

Plunging US Oil Supply Is Driving Up Prices Around the World

Plunging US Oil Supply Is Driving Up Prices Around the World
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

American crude oil playing bigger role in global prices

The addition of American crude oil to the Brent benchmark had an immediate impact on global oil prices, one expert said.

Hot summer in the crude oil market

Across the world, where varieties of crude oil closely resemble those from Saudi Arabia, prices are shooting up faster as refineries clamor for alternatives

Saudi Arabia s Oil Production Cuts Are Quietly Starting to Bite

Saudi Arabia s Oil Production Cuts Are Quietly Starting to Bite
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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