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Global oil tanker rates jolt higher on high fuel prices, risk premiums- oil and gas 360

Global oil tanker rates jolt higher on high fuel prices, risk premiums

Nasdaq SINGAPORE, Feb 25  – Oil tanker rates are soaring globally as traders scramble to cope with jitters over possible disruption in Russian supplies, as well as war risk premiums for ships plying the Mediterranean region following Moscow’s invasion of Ukraine. Shipowners are also grappling with higher fuel costs after oil prices soared nearly $2 per barrel on Friday, with

Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level- oil and gas 360

Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level

CNBC The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic. Along with keeping rates low, the

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