Oil Market News Directory

Russia Looks to Africa to Boost Exports

Mineweb reported that Russia is planning oil and platinum projects in Africa to strengthen sales, including of arms, for businesses adversely affected by Western sanctions over the Ukraine conflict.

Oil Prices Rise

The Wall Street Journal reported that U.S. oil price jumped to its largest one-day gain in nearly two months, attributed to the sign that U.S. crude production could be nearing a peak.