The Organization of the Petroleum Exporting Countries will publish its monthly report later on Wednesday and the U.S. Energy Information Administration will publish weekly inventory data at 10:30 a.m.
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Kremlin says its goals in Ukraine can only be achieved by military forceThe Kremlin said that Kyiv’s position means Russia’s goals in Ukraine can only be achieved by military force, Russian state news agencies quoted Kremlin spokesman Dmitry Peskov as saying. | Reuters
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Owner of sunken ship in Oriental Mindoro apologizes over oil spillThe owner of MT Princess Empress — the oil tanker with 800,000 of industrial fuel oil submerged in Oriental Mindoro — has apologized for the oil spill, which now reached the Palawan area. | JEMendozaINQ
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Taiwan says it hopes to bring back soldier who went to ChinaTaiwan’s defense minister said that the government is investigating the disappearance of a soldier serving on an offshore island who has been found in China, and vowed to bring him back. | Reuters
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OPEC+ to stick to production cut, Saudi minister tells Energy IntelligencePrince Abdulaziz bin Salman also says price caps would lead to 'individual or collective counter-responses with intolerable consequences in the form of massive volatility and instability'
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Russian sanctions shift oil price-making power to Asia from EuropeWestern sanctions have led Russia to sell more than twice as much crude to Asia.
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