Oil Prices Rise Amid Inventory Declines and Supply Disruptions.
TL;DR Summary
Oil prices are on the rise due to a supply disruption in Kurdistan and a significant drop in US inventories, with Brent approaching $80 per barrel. However, new US inflation data could derail this momentum. Meanwhile, the European Union has approved a bill to end sales of new carbon-emitting cars in 2035, and California has approved a regulatory cap on refining profits. Kazakhstan is suing its key producer for environmental protection fines, and QatarEnergy is buying stakes in Canadian offshore exploration blocks.
- Inventory Declines And Supply Disruptions Push Brent Toward $80 OilPrice.com
- Oil Heads for Weekly Surge as Iraqi Supply Disruption Persists Yahoo Finance
- Explainer: What is the Iraq-Turkey oil pipeline dispute and who's on the hook? Reuters.com
- Oil Prices Set For A Weekly Gain As Traders Await New Inflation Data OilPrice.com
- Turkiye and Iraq to thrash out oil deal after arbitration ruling ends Kurdish exports Arab News
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