Brent rises 4%
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 …
oil prices
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Oil prices on course for 10% loss this week
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 …
Russia to publish response to West on oil price cap soon
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 …
Brent falls below $76 per barrel
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 …
Oman announces oil-producing countries' dissatisfaction with introduction of cap on Russian oil prices
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 rebounds after hitting 2022 lows
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 …
Russia reportedly mulls 3 options to retaliate against EU oil price cap
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 …
Brent falls below $80
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 …
Russian oil price cap to hit EU hardest - Chinese newspaper
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 unsure if price cap for Russian oil to be efficient
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. …
EU embargo on Russian oil shipments, price cap mechanism come into force
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 …
Novak: Russia not to sell oil under price cap
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 …
European Commission agrees price cap for Russian oil
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 …
G7, Australia agree on price cap for Russian oil at $60 per barrel
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 …
EU weighs lowering Russia oil price cap level to $60
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 …
Chevron to ship first Venezuelan oil to the U.S.
after the U.S. Administration issued a license allowing the U.S. supermajor to extract and export oil from the South American country
Russia’s Urals oil drops below proposed EU price cap
Russian flagship crude oil dipped again on Friday, serving as a reminder of the challenges facing European Union diplomats haggling over a price level at which to cap Moscow’s exports. The country’s key Urals grade fell to …
EU postpones talks on oil price cap
European Union diplomats suspended talks on capping Russian oil prices, Reuters reported. Diplomats had expected a deal to be done on Friday night but positions remained entrenched and the talks were postponed to Monday, according to …
EU to continue price cap talks despite divisions among member states
The European Union will need more time to reach an agreement on the G7 price cap on Russian oil, European Commissioner for Energy Kadri Simson said on Thursday. EU energy ministers will discuss the price cap proposal on Thursday. …
EU talks stall over price level for proposed Russian oil cap - report
Talks between European Union nations on where to set a proposed Group of Seven price cap on Russian oil stalled on Wednesday, Bloomberg News reported on Wednesday, citing people familiar with the matter. The EU’s executive arm …
