Oil and Gas

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Oil prices hit new 10-month high

Oil prices hit new 10-month high

The price of Brent crude oil futures contract with November delivery on London’s ICE exchange exceeded $95 per barrel for the first time since November 15, 2022. According to exchange data at 06:52 Moscow time, the Brent price …

Brent oil tops $94 per barrel

Brent oil tops $94 per barrel

Brent oil futures for November delivery reached the highest since November 16, 2022 on ICE in London, trading at more than $94 a barrel, data from the exchange show. Futures climbed by 2.05% to $94.08 a barrel at 23:13 Moscow time, …

Oil surging toward $100 per barrel

Oil surging toward $100 per barrel

The price of Brent crude oil futures contract with November delivery on London’s ICE surpassed $93 per barrel for the first time since November 16, 2022. According to the exchange data as of 13:49 Moscow time, Brent oil price grew …

Iran's oil prices increasing

Iran's oil prices increasing

Iranian oil prices experienced a significant increase of $6.1 per barrel in August, according to recent data from the Organization of Petroleum Exporting Countries (OPEC). These figures reveal that Iran supplied oil to its …

Russia cashes in on reducing oil exports

Russia cashes in on reducing oil exports

Russian oil-export revenues rose to a 10-month high in August, according to the International Energy Agency. Russia received $17.1 billion last month from overseas supplies of crude oil and petroleum products, $1.8 bln more than in …

Germany calls for repair of Nord Stream

Germany calls for repair of Nord Stream

The Nord Stream 1 gas pipeline needs to be repaired while it is still possible. The Prime Minister of one of the German regions called for the restoration of the pipeline. He did it not for the first time.

Russia's oil export duty to rise by 25%

Russia's oil export duty to rise by 25%

Russia's export duty on oil will rise by $4.5 to $21.4 per tonne beginning on September 1, 2023, according to the Russian Finance Ministry. The government plans to increase the oil export duty next month, up by a …

Brent crude oil price climbing to $90

Brent crude oil price climbing to $90

The price of futures contracts of Brent crude oil for October delivery rose above $88 per barrel on London's ICE on August 10 for the first time since January 27, 2023, according to trading data. As of 10:21 a.m. Moscow time the …

Oil rises in price again

Oil rises in price again

Benchmark crude oil prices are rising again, and the reason for this is the upcoming meeting of the US Federal Reserve, which is scheduled for tomorrow, July 25. The US Federal Reserve is expected to raise the discount rate by 25 basis points.

Export duty on Russian oil goes down

Export duty on Russian oil goes down

The Ministry of Finance of the Russian Federation announced that Russia reduced the export duty on oil to $15.6 per ton from July 1. The duty on light and dark oil products also declined.

Turkish Stream gas flow resumed

Turkish Stream gas flow resumed

Scheduled maintenance work on the Turkish Stream gas pipeline, which pumps Russian gas to Turkiye through the Black Sea, has been completed, Gazprom said, adding that gas flow has resumed. "Scheduled maintenance work …

Oil steady after U.S. debt deal

Oil steady after U.S. debt deal

Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, but concerns about further interest rate hikes capped gains. …