White House due to step up efforts to contain crude prices amid high inflation
Energy Information Administration
Agency says markets could lose 3m barrels per day of Russian crude and refined products
Mass rollouts are likely months away and subject to regulatory approvals
Hopes for a swift economic recovery in China limited losses
US storage facilities no longer full to the brim
Slowdown in global demand due to Covid-19 leading to scarcity of places to store crude oil
Futures rise above $15 a barrel but Opec+ deal to slash production fails to offset demand losses
Brent bounces back from two-decade low after US president takes aim at Iranian vessels
Futures plunged to negative territory on Monday, leading to scramble for storage
Meaningful rebound will have to come from fall in coronavirus fears, analyst says
Skinny waterway is one of the world’s most important oil choke points
US urges group against curbing supplies
Weak dollar also supports prices as Opec-led effort to curb production starts to pay off
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