Industry News

Crude oil price falls as Russia pledges to supply contracts

Views : 204
Update time : 2022-03-11 20:52:49
According to the report, since the outbreak of war between Russia and Ukraine on February 24, the market was overly worried about the possibility of disruption of the crude oil supply. The international crude oil futures prices have once soared to US$139 a barrel, hitting a 14-year high.

Until this Wednesday (March 9), the crude oil price showed the biggest one-day drop in two years because Russia pledged to follow the contracts.
Related News
Read More >>
ArcelorMittal opens first Brazilian solar plant early ArcelorMittal opens first Brazilian solar plant early
Dec .11.2025
ArcelorMittal opens first Brazilian solar plant early
LME aluminium cash offer rises to $2,836.5/t and opening stocks drop 0.29% LME aluminium cash offer rises to $2,836.5/t and opening stocks drop 0.29%
Dec .11.2025
LME aluminium cash offer rises to $2,836.5/t and opening stocks drop 0.29%
Interest rate cut expectations fail to offset off-season realities, aluminium prices' upside momentum at high levels remains limited Interest rate cut expectations fail to offset off-season realities, aluminium prices' upside momentum at high levels remains limited
Dec .11.2025
Interest rate cut expectations fail to offset off-season realities, aluminium prices' upside momentum at high levels remains limited
Global supply strains position Japan for higher aluminium premiums in 2026 Global supply strains position Japan for higher aluminium premiums in 2026
Dec .11.2025
Global supply strains position Japan for higher aluminium premiums in 2026