Russia’s seaborne crude shipments fell for a second week, with difficulties selling a key Pacific grade to India set to further snarl flows in the coming week.
Saudi Aramco abandoned a plan to boost its oil output capacity in a huge reversal that will raise questions about the kingdom’s view on future oil demand.
US Navy ships fired on a Houthi anti-ship missile in Yemen hours after a tanker operated on behalf of trading giant Trafigura Group carrying a cargo of Russian fuel was hit in the most significant attack yet by the rebel group on an oil-carrying vessel.
The Biden administration on Friday halted the approval of new licenses to export US liquefied natural gas while it scrutinizes how the shipments affect climate change, the economy and national security a moratorium likely to disrupt plans for billions of dollars in projects.