Brent/HeatOil

Ships are faking their locations to engage in illicit activity — and rising numbers appear to be doing so to trade goods that are likely to be worth billions of dollars. So-called “dark vessels” shipping Russian oil in a suspected evasion of the G7′s $60 a barrel price cap, tankers going under-the-radar in Venezuelan waters, and cargo ships allegedly ...

Surging oil prices have become the new concern for central banks, aggravating the current trilemma: how to balance slowing economies, still too-high inflation and the delayed impact of unprecedented rate hikes. Interestingly, the answer to this conundrum differs between major central banks. Looking ahead, the recent surge in oil prices will make things even ...