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Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue. Increases in the two most-consumed fuels are outpacing those for crude oil… ....
Oil steadied after sinking to the lowest close in about a month as traders took stock of the outlook for demand in China and the latest sanctions on Russian energy flows came into effect. West Texas Intermediate held above $73 a barrel after tumbling more than 3 percent on Friday… ....
By Debjit Chakraborty, Julian Lee and Serene Cheong (Bloomberg) — Russian oil producers are starting to book up an increasing number of tankers owned by the nation’s state tanker company, boosting. ....
By Serene Cheong (Bloomberg) –Away from the public eye. That’s where Russian crude is going as buyers tread carefully in their dealings with the pariah producer. The market is waiting. ....