Oil prices drop on profit-taking, supply fears linger Posted on May 16, 2022 by cngpump “Oil markets are expected to gain this week as a pending ban by the European Union on Russian oil will further tighten global supplies of crude and fuels,” said Kazuhiko Saito, chief analyst at Fujitomi Securities Co Ltd. Related posts: Pressure on OPEC+ eases amid oil demand fears Oil prices steady on Russian supply fears and Asian demand concerns European Union seeks answers to energy supply crunch, U.S. LNG deal HF Sinclair posts profit on strong fuel demand Billionaire Mukesh Ambani’s refinery makes millions from war windfall Oil price: Crude oil futures climb as supply concerns linger IEA fears global crude oil supply ‘shock’ over Russia sanctions No need to panic. Oil prices could drop to $100 a barrel in two weeks: Arun Kumar Singh Chairman & MD, BPCL Oil climbs but takes a breather in tight range Denmark unveils energy plan to be ‘free from Putin’
