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The Russia–Ukraine war sends oil prices near record level highs. In response to the US’s ban on Russia’s oil export, an OPEC member recently made a statement that prompts oil prices to drop. What happened? Find out in our latest market analysis.

Azerbaijani oil prices decreased by $8.56

08:07am, Friday, 11'th Mar 2022 Olaylar
Operativ xəbərlər, qərəzsiz mövqe…
(ATTN: ADDS BOK official''s comment in para 4, details in paras 8,10) SEOUL, March …

Inflation is Biden’s fault, and only Biden’s fault

12:30am, Friday, 11'th Mar 2022 New York Post
President Joe Biden has been sleeping too long on America''s ailing inflation woes -- while his lefty energy policies handcuff oil producers and tax Americans at the pump.

Plan to do up your home? Get ready to pay a little more

12:23am, Friday, 11'th Mar 2022 Economic Times India
Fancy bathware makers have lost more value than many others since oil surged past triple digits a couple of weeks ago. To offset the impact of rising input costs, they are raising prices.
Rising crude oil prices, low refinery production, and increased consumption of distillate fuel have contributed to the highest nominal (not adjusted for inflation) distillate prices since 2014. Dis…
President Biden’s new ban on Russian oil is painful for Americans (especially those who are driving gas-powered vehicles), yet it is good for humanity overall. I saw an article in The Guardian that was published just before the news of the ban broke, and I was going to add my own thoughts here that we […]
Premier Jason Kenney says soaring oil revenues can just as quickly fall, and the government needs to be prudent in its funding decisions.
Saudi Aramco, the Saudi Arabian state oil company, announced on Thursday it would help build a massive new refining facility in northeastern China. The news comes a day after Riyadh snubbed a request by Biden to expand oil output to counteract a US ban on buying Russian oil. Read on
Oil is poised for the biggest weekly decline since November after a pause in the sizzling rally that followed Russia’s invasion of Ukraine and wild swings in prices.

War fuels spike in airline prices

11:40pm, Thursday, 10'th Mar 2022 Accom News
Queensland''s sector is worried that tourism rebuild will be impacted as international airline passengers absorb the cost of oil price surges The post War fuels spike in airline prices appeared first on AccomNews .
Welcome to Thursday’s Overnight Energy & Environment, your source for the latest news focused on energy, the environment and beyond. Subscribe here: thehill.com/newsletter-signup. Today we’re looking at most House lawmakers coming together…

US seized Iran oil cargo as Biden considers easing sanctions

09:30pm, Thursday, 10'th Mar 2022 Spectrum Bay News 9
The U.S. has quietly seized the cargo of two tankers suspected of transporting Iranian oil as part of an elaborate sanctions-busting scheme involving forged documents and the repainting of a ship’s deck to cloak shipments considered illegal under U.S. sanctions
Canada is studying ways to increase pipeline utilization to boost crude exports to the United States, with the aim of helping European countries that are giving up imports of Russian oil, the natural resources minister said on Thursday.
Biden walks tightrope between need for oil and push to go green
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