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Oil Climbs on Optimistic Demand Outlook

Oil prices ticked higher on Wednesday amid upbeat global demand views from the US Energy Information Administration and OPEC, reinforced by industry data showing US crude oil inventories fell more than expected last week. Brent crude futures rose 37 cents, or 0.45%, to $82.29 a barrel at 04:00 GMT, while …

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Europe’s Shift from Russian Gas to Pricey LNG

When the EU bombarded Russia with sanctions following the invasion of Ukraine back in 2022, gas was in the spotlight. Russia was the continent’s biggest supplier, and it was about to stop being that. At the time, the dominant mood in Europe was confidence—that even if Russia were to turn …

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