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The price of Brent oil on London’s ICE surpassed $87 per barrel for the first time since December 5. As of 12:42 Moscow time, the price of Brent futures contracts with March delivery rose by 1.48% to $87.19 per barrel. …
The price of Brent oil on London’s ICE rose to $87 per barrel for the first time since January 3. As of 08:53 Moscow time, the price of Brent oil rose by 1.26% to $87 per barrel. By 9:15 Moscow time, the price of Brent …
Oil production in Russia increased by 2% to 535 million tonnes despite sanctions against Moscow, Russian President Vladimir Putin said on Tuesday. "Despite sanctions pressure, oil production in Russia increased by about 2% in 2022, …
Russia's budget revenues from the oil and gas industry grew 28% annually in 2022, Russian Deputy Prime Minister Alexander Novak said during a government meeting shown on state television on Monday. According to Novak, that increase …
Today, UAE Minister of Energy Suhail al-Mazrouei announced the reduction in oil production capacity of OPEC + countries by 3.7 mn barrels per day. The main reason is underinvestment in 2020-2022. "OPEC+ countries produce up to 40% …
The United States and its Western allies are preparing fresh sanctions on the Russian oil sector, including a cap on refined petroleum products, the Wall Street Journal reported, citing people familiar with the plans. U.S. Treasury …
Discount on Russian oil grew in January mainly due to the rise in freight prices, Russian Deputy Prime Minister Alexander Novak said. "I hope that this situation will be temporary. The discount should decrease over time, as we …
The U.S. administration is delaying the replenishment of the nation’s emergency oil reserve after deciding the offers it received were either too expensive or didn’t meet the required specifications, according to people familiar with …
Oil prices were little changed on Friday as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns. Brent futures fell 12 …
According to the forecast of the Swiss bank UBS Group AG, this year, oil prices will go up due to the continued underinvestment of the oil industry and the significant growth of the Chinese economy. The bank's analysts expect Brent …
Oil prices held in a narrow range on Tuesday, though the outlook for demand was clouded by a weak manufacturing activity survey from China, and a warning from the head of the International Monetary Fund that the global economy faced a tough year …
Having finally ditched its zero-Covid policy, China is now experiencing a wave of Covid cases. The Chinese purchasing managers’ index, which tracks manufacturing and service sectors, slumped well below economist’s expectations in …
The global oil supply map may be reshaped indefinitely as a result of the crisis in Ukraine, with the G7 group of nations imposing sanctions on Russia as well as a price cap on Russian crude. But the potential impact from a wider downturn in …
Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world's largest crude oil importer. Brent futures for February fell 26 cents, or 0.3%, to $83.00 a barrel by 0430 …
According to trading data on the London ICE exchange, Brent crude rose above $86 per barrel. Thus, at 19:30 (Moscow time) the price of March futures for Brent oil rose to $86 per barrel (a 1,78% rise). December 5, 2022 was the last time …
Hydrogen power, oil price fluctuations and electric vehicles could feature prominently in the region in 2023
Oil production in Russia is stable, as companies have reconfigured their supply chains, Russian Deputy Prime Minister Alexander Novak said in an interview with Rossiya-24 TV channel. "In the oil industry, we [authorities] helped to …
Saudi Arabia's revenue in October from crude oil exports and products such as diesel, fell to the lowest figure since February, the kingdom's statistics office said on Thursday. The office reported that in the month of …
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 …
