Oil Prices Level Out Amid Production Outages and Russia/Ukraine Escalations
The U.S. dollar was also up on Tuesday at nearly its highest level in a year, while another persistent oil production outage at the Tengiz oilfield in Kazakhstan has resulted in a 30% decline in production for the field while repairs are completed.
Norway's Equinor has halted output from its Johan Sverdrup oilfield, western Europe's largest, due to an onshore power outage ...
Norway's Johan Sverdrup oilfield, Western Europe's largest, has resumed production after a brief outage caused by a power ...
Oil prices traded steady on Tuesday as Norway's Johan Sverdrup oilfield restarted production and there were reports of Iran ...
Equinor has resumed production at the Johan Sverdrup oilfield in the North Sea following a power outage, reaching two-thirds ...
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Brent crude futures were down 45 cents to $72.85 a barrel by 0915 GMT, while U.S. West Texas Intermediate crude futures ...
Supply concerns ease with Sverdrup’s restart, but geopolitical risks and Kazakhstan’s outage keep traders alert in a volatile ...
Crude futures slip after yesterday's sharp gains, but remain supported by heightened risk perception around the Russia-Ukraine conflict amid reports that Ukraine fired a U.S.-supplied long-range ...
Oil prices climbed more than $2 a barrel on Monday after news that crude production at Norway's Johan Sverdrup oilfield had ...
WTI oil rallies as traders focus on the power outage at Johan Sverdrup, which is operated by Equinor. If WTI oil settles back above the $70.00 level, it will head towards the 50 MA at $70.58. A move ...
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