Hailey Waller

Government, Business, Fuel

Oil Jumps After Trump Leans Against Further Chinese Sanctions

A mobile offshore drilling unit stands at night offshore Cromarty, U.K., on June 23. A mobile offshore drilling unit stands at night in Cromarty, U.K., on June 23. (Jason Alden/Bloomberg News)

Oil jumped to a four-month high after President Donald Trump indicated that he doesn’t want to add more sanctions against Chinese officials for now in a move to diffuse tensions with Beijing.

Hailey Waller | Bloomberg News
July 15, 2020
Government, Business, Fuel

Oil Falls on Signs OPEC+ Will Taper Cuts

An employee looks out over a Saudi Aramco facility in Saudi Arabia. An employee looks out over a Saudi Aramco facility in Saudi Arabia. (Simon Dawson/Bloomberg News)

Oil retreated before an OPEC+ committee meeting this week that may confirm the group’s intention to taper production cuts even as the coronavirus surges in many countries, including the U.S.

Hailey Waller | Bloomberg News
July 13, 2020
Government, Business, Fuel, Logistics

Oil Rises on Russian Export Cuts, Offsets Virus Demand Jitters

Oil refineries and storage tanks are seen from a boat off the coast of Singapore on May 25. Oil refineries and storage tanks are seen from a boat off the coast of Singapore on May 25. (Lauryn Ishak/Bloomberg News)

Oil prices rose after Russia slashed exports of its flagship crude Urals to the lowest in at least 10 years, signaling the determination of Moscow to work with its partners at OPEC+ to eliminate an oil glut.

Hailey Waller | Bloomberg News
June 25, 2020