For repairs on one of the 3 processing units, Ineos, the operator of the main UK North Sea crude oil transport route is progressively reducing to 150,000 bpd flow on the Forties Pipeline System, said on Monday. A key transit route for North Sea oil, the Forties pipeline and the Forties crude blend is the...

For the first time in a week, oil fell due to the slowing global economy that took more prominence over geopolitical tensions. With this happening, investors are waiting for clues on the Federal Reserve’s rate-cut path. Despite Futures in New York losing 0.3%, it declined as much as 0.6% on Monday. The Fed Chairman, Jerome...