Post Tagged with: "crunch"

Source: Reuters

Explainer: Why is there a worldwide oil-refining crunch?

Reuters

Drivers around the world are feeling pain at the pump with fuel prices soaring, and costs are surging for heating buildings, power generation and industrial production.

 

Prices were already elevated before Russia invaded Ukraine on Feb. 24. But

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June 22, 2022 - 1:30 pm — Closing Bell Story‎, Crude Oil News, Downstream, Energy News
Source: Reuters

Crude jumps to multi-year highs on global energy crunch

Reuters

LONDON  – Oil prices rose by about 2% on Monday, extending gains as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.

Brent crude was up $1.45, or 1.8%, at …

October 11, 2021 - 10:30 am — Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News, LNG, Natural Gas News, OPEC
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