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Oil jumps 4% as U.S. gasoline prices hit record high

Oil jumps 4% as U.S. gasoline prices hit record high

by Reuters | May 13, 2022 | Business, Economy, Europe, Middle East, UK, US

By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 4% on Friday as U.S. gasoline prices jumped to a record high, China looked ready to ease pandemic restrictions and investors worried supplies will tighten if the European Union bans Russian oil. Brent futures...
IEA sees world weathering lost Russian oil supply

IEA sees world weathering lost Russian oil supply

by Reuters | May 13, 2022 | Africa, Asia, Business, Economy, Environment, Europe, Latin America, Middle East, Politics, US

By Noah Browning LONDON (Reuters) – The world will not be left short of oil even with lower output from sanctions-hit Russia, the International Energy Agency (IEA) said on Thursday, after it cut its predictions for supply losses from the world’s No.2...
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