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At Close: Jun 03, 2026

U.S. crude oil inventories up as oil prices surge again - Dimsum Daily

04:47am, Wednesday, 09'th Mar 2022 Dimsumdaily Hong Kong
Xinhua News 9th March 2022 – (Houston) The American Petroleum Institute on Tuesday reported an increase of 2.8 million barrels of crude oil in U.S. inventories for the week ending 4th March. Analysts had expected a decrease of about 0.833 million barrels for the week. The institute reported a drop of 6.1 million barrels in […]

Ukraine: U.S to ban imports of oil and gas from Russia – Joe Biden

04:46am, Wednesday, 09'th Mar 2022 Ournaija News
United States President, Joe Biden, has announced that the U.S will ban imports of Russian oil, a major escalation in the international response to Moscow’s invasion of Ukraine. WITHIN NIGERIA… The post Ukraine: U.S to ban imports of oil and gas from Russia – Joe Biden appeared first on Nigeria''s Top News Site .

Stock market recoiling from oil shock but cash looks like only safe haven

04:40am, Wednesday, 09'th Mar 2022 Economic Times India
The S&P BSE SENSEX Index declined 2.7% on Monday and gained 1.1% on Tuesday, trimming the losses this year to 8.3%. The failure of the index to hold the upper border of the so-called Ichimoku weekly cloud at 54,000 saw the benchmark test and hold important support in the 52,400 area.

Biden Wont Subsidize Putin''s War, Bans Russian Energy Imports

04:35am, Wednesday, 09'th Mar 2022 Big News Network
Pentagon - U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine. Poland said it would send its Russian-made MiG-29 fighter jets to a U.S. base in Germany, presumably for Ukrainian pilots to use. In exchange, the Polish Ministry of Foreign Affairs asked that the U.S. send Poland aircraft with similar operational capabilities. B

Gas price jump breaks Daytona, Florida records

04:34am, Wednesday, 09'th Mar 2022 Newslanes
DAYTONA BEACH — A day after topping the $4 mark for the first time in 14 years, gasoline prices jumped again overnight to set new all-time records both for Florida as well as locally on Tuesday. Prices likely will skyrocket even more after President Joe Biden announced a U.S. ban on Russian oil imports. “Russian oil will […] Gas price jump breaks Daytona, Florida records

Crude jumps on U.S. Russian oil ban, Asian shares wobble

04:32am, Wednesday, 09'th Mar 2022 Nippon.com
By Andrew Galbraith SHANGHAI (Reuters) - Crude oil prices jumped again on Wednesday while Asian stocks struggled for footing as investors assessed the impact of the worsening conflict in Ukraine and a new U.S. ban on Russian oil. The price of a barrel of crude, already on the march higher in January on supply worries and expectations of a strengthening global eco…
Ukraine war: ''Today I am announcing the United States is targeting the main artery of Russia''s economy. We''re banning all imports of Russian oil and gas and energy,'' Biden said in remarks from the White House.

Biden bans Russian oil but experts say impact is largely symbolic

01:19am, Wednesday, 09'th Mar 2022 Mercury News
As President Biden announced a ban on Russian oil imports, Bay Area residents are particularly feeling the pinch in one of the most expensive metro regions in the country for gasoline with average prices topping $5.50, over $1.30 more per gallon than the national average.
Australians have been warned to expect a price jump on everyday items like food and groceries after the US and Uk announced a ban on Russian oil.
Multinational corporations are following the calls to boycott Russia, suspending their operations as the war in eastern Europe continues.
Coal is heading for a short-term comeback as Europe looks to cut its reliance on Russian gas and oil but the Ukraine crisis could hasten decarbonisation on the longer run, according to energy analysts.European Union leaders will meet in Versailles in France on Thursday and Friday to discuss their joint defence policy. They will also agree at the summit to phase out the EU’s dependence on imports of Russian gas, oil and coal, according to Reuters.But it is a tough task as the EU sources about 40…

UK To Phase Out Russian Oil Imports

01:00am, Wednesday, 09'th Mar 2022 The Yorkshire Times
The UK will phase out imports of Russian oil in response to Vladimir Putin’s illegal invasion of Ukraine by the end of the year.
Saudi Crown Prince Mohammed bin Salman and the UAE Sheikh Mohammed bin Zayed al Nahyan reportedly declined President Joe Biden''s attempted outreach about oil exports.

Stocks, Futures Stabilize as Traders Mull Oil Jump: Markets Wrap

12:55am, Wednesday, 09'th Mar 2022 Bloomberg Quint
Track the global equity, currency & commodity markets here.
LONDON, March 9 — The US ban on Russian oil and gas imports is likely to leave more cargoes at sea with no buyers, and the European Union’s decision to continue imports was unlikely to make much difference to disarray in Russian oil trade,…
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