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OPEC raised its forecast for the output of liquid hydrocarbons in Russia for 2022 by 26,000 barrels per day (bpd) to 10.96 mln bpd, follows from the report of the organization. Thus, the figure will increase by 160,000 bpd in 2022 …
OPEC countries in November 2022 reduced oil production by 744,000 barrels per day to 28.826 million barrels per day, according to the December report of the Organization of Petroleum Exporting Countries (OPEC). In November, the OPEC …
According to trading platform data at 19:44 Moscow time, the price of Brent crude oil futures for February 2023 delivery grew by 4,05% to $81,15 per barrel on the London ICE exchange. Later, the North Sea oil mixture traded at …
Russian energy giant Gazprom said on Saturday that it increased the daily supply of Russian gas to China at the request of Beijing, and on Friday a new historical record for daily deliveries was recorded. "On December 9, Gazprom …
Since the beginning of commercial operations, on 31 December 2020, until now, the Trans Adriatic Pipeline (TAP) has transported 18.5 billion cubic meters of gas, of which almost 16 billion went to in Italy alone, TAP managing director Luca …
Crude oil prices are about to book a week of sizeable losses, during which market movements erased all gains Brent and West Texas Intermediate had made since the start of the year. According to Bloomberg, the …
The Russian response to the West's imposition of a cap on oil prices will be published in the near future, Russian Presidential Press Secretary Dmitry Peskov said on Friday, Izvestia writes. "An expert discussion is …
According to the London ICE exchange trading data, Brent crude fell below $80 per barrel. Thus, at 19:07 (Moscow time), the price of February futures for North Sea Brent oil fell to $75,74 per barrel (a 1.85% fall). December 27, 2021 …
Oil-producing countries are dissatisfied with Western countries setting a price ceiling for Russian oil, Oman's Energy Minister Salem bin Nasser al-Awfi said, Bloomberg reports. "I don’t think anyone likes it. <...> …
Oil prices rebounded in Asian trade on Thursday after slumping to their lowest level this year in the previous session, though concerns of economic slowdowns weakening fuel demand continued to cap gains. Brent crude futures were up 70 …
Moscow is considering three possible options to respond to the introduction of a price cap on Russian oil by the EU and G7, a Russian newspaper reported. The news outlet cited several unnamed sources close to the government as saying …
According to the London Stock Exchange ICE trading data, Brent crude fell below $80 per barrel. . Thus, at 19:59 (Moscow time), the price of February futures for Brent oil fell to $79,99 per barrel (a 3,25% fall). At …
A price cap on Russian oil being enforced by the European Union will boomerang on Europe itself, the Global Times reported on Monday, citing Chinese experts. Instead of envisioning a soothing impact on energy prices, European countries …
Japan is unsure whether the price cap for Russian oil will be efficient, but believes the measure will reduce Russian revenue from oil exports, Japan's Chief Cabinet Secretary Hirokazu Matsuno said a news conference on Monday. …
On Monday, the EU’s embargo on Russian oil shipped by sea comes into effect, under which Europe will officially stop importing seaborne Russian oil and will try to introduce an oil price cap at $60 per barrel for countries not party to the …
Russia will not export its oil under the price cap, even if it has to cut production, Russian Deputy Prime Minister Alexander Novak said on Sunday. "We will sell oil and oil products to those countries, which will work with us on …
The G7 countries, the European Union and Australia have agreed to impose a $60 per barrel price cap for seaborne oil from Russia starting from December 5 for their territories and ships, the European Commission said in a statement and explanatory …
Members of the Group of Seven (G7) and Australia have agreed to set the price cap on Russian oil at the level of $60 per barrel, the countries said in a joint statement. "The G7 and Australia, as current members of the Price Cap …
European Union states are discussing capping the price of Russian crude oil at $60 a barrel to help secure an agreement among the bloc’s wider membership and the broader Group of Seven, Bloomberg reported citing people familiar with the …
after the U.S. Administration issued a license allowing the U.S. supermajor to extract and export oil from the South American country
