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Major Oil Traders Are Set to Cut Purchases of Russian Oil: Report

Major oil trading houses are set to significantly reduce the amount of oil they purchase from Russia from May 15th, a report says.

United kingdomUnited statesSaudi arabiaTerms of serviceEu commissionEu parliamentEuropean unionWest texas intermediateMi exclusiveOil amp gas stocksOil amp gasSoil analysisOil and energySoil banOil boomOil bust

Oil Price Today: Brent Slides As the US Mulls Huge Reserve Release

Crude oil headed for an 11% weekly loss after reports the US may release as much as 180 million barrels from its strategic reserves.

Saudi arabiaNew zealandUnited kingdomUnited statesBjarne schieldropJoe bidenTerms of serviceInternational energy agencyStrategic petroleumWest texas intermediateChief commodities analystStrategic petroleum reserveRussian uralsMi exclusiveOil and energyOil and gas

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