Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.
Jeff Currie: “Markets are still underestimating the scale of what’s unfolding. What we’re seeing is a form of “molecular contagion,” where...
Global air freight rates continued to trend lower last week – with the re-escalation of hostilities in the Persian Gulf and a renewed spike in jet...