Oil production in Russia may go down from 524 mln tonnes in 2021 to 480-500 mln tonnes in 2022, Deputy Prime Minister Alexander Novak told reporters, adding that the government expects a gradual output recovery after its decrease in April 2022 by …
Brent oil futures for July delivery climbed to $115.1 on ICE in London, exchange data show. That’s the first time Brent topped $115 a barrel since March 28, 2022. Trading data showed Brent at $115.1 a barrel, or up 0.84%, as of …
Oil prices dropped more than 1% on Thursday in a volatile week as economic concerns and recession fears dogged global financial markets, outweighing supply concerns and geopolitical tensions in Europe. Brent crude futures slipped $1.25, …
A U.S. Senate committee passed a bill yesterday that could expose the Organization of the Petroleum Exporting Countries and partners to lawsuits for collusion on boosting crude oil prices
Oil prices increased on Thursday over the European Commission's proposal to ban Russian oil by the year end, although the more-than-expected rise in US crude stocks limited gains. International benchmark Brent crude cost …
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter. India is seeking Russian cargoes at less …
The European Union's chief executive Ursula von der Leyen on Wednesday proposed a phased oil embargo on Russia, as well as sanctions on its top bank and to ban Russian broadcasters from European airwaves. The plan, if agreed by …
The ruble in trading on Wednesday on the Moscow Exchange strengthened against the dollar and the euro. Today, the dollar exchange rate decreased below 69 rubles, while the euro dropped to 72 rubles . Yesterday, the dollar …
The European Union will stop importing Russian coal in summer and will do away with Russian oil by the end of 2022, German Chancellor Olaf Scholz said in an interview with The Indian Express newspaper published on Monday. The European …
Oil prices rose on Thursday in the Federal Republic of Germany, as the German government has signaled its willingness to join the other EU members in an embargo of Russian oil exports. According to …
Kazakhstan plans to transport two to three million tonnes of oil through the Georgian corridor in 2022, with further increase in the figure planned for the upcoming years, the Georgian Economy Ministry announced. During a meeting …
Despite predictions of doom for the heavily sanctioned Russian economy, Russian oil exports to Europe and nations such as India and Turkey have actually risen, Foreign Policy writes. "For now many of the same countries that are …
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0,86 to trade at $110,79. …
Crude oil futures Thursday were up on the day as production worries around Libya and Russia came back to the forefront, but broader economic concerns and record US exports pared gains
US Treasury Secretary Janet Yellen warned that the European Union's immediate withdrawal from the Russian oil could harm not only Europe itself, but the entire world. "We need to be careful when we …
Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and Libya dominated, while industry data showed a drop in U.S. crude inventories last week. Brent crude futures …
Russian Energy Minister Nikolai Shulginov told Izvestia newspaper that Moscow is ready to sell oil and oil products to “friendly countries in any price range”. Shulginov said crude prices in the range of $80 to $150 a barrel …
According to the trading data, oil prices show a five percent increase. Thus, by 16:27 (Moscow time) the cost of June futures for North sea Brent oil mixture rose to $103.54 per barrel, gaining 5.14%. In turn, WTI rose to …
There has been an unspoken assumption that the West knows what it’s doing because it has been doing it longer than the East. Almost all developed economies are in Western Europe and North America. Yet recently, the tables have turned in …
Oil prices dropped by $4 a barrel on Monday, with Brent crude tumbling below $100 on plans to release record volumes of crude and oil products from strategic stocks and on continuing coronavirus lockdowns in China. Brent crude for June …
