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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 …
The Organization of the Petroleum Exporting Countries Plus (OPEC+) crude production fell in March for the first time in more than a year with Western sanctions hitting Russia’s oil flows, and disruptions in Kazakhstan and …
Oil prices dropped below $100 a barrel after the International Energy Agency co-ordinated a second release from its emergency stockpile that will add 60 million barrels of crude to the market in addition to the millions of barrels …
A fifth round of European Union sanctions on Russia, including a ban on coal imports, could be agreed by the bloc on Thursday or on Friday, the EU's top diplomat Josep Borrell said. "Maybe this afternoon, or tomorrow at the …
Oil prices rose on Thursday from a three-week low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, with worries over tight supply still clouding the market outlook. Brent …
Oil prices dipped in and out of negative territory on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a huge planned release by the United States. …
While some producers may benefit from Europe’s scramble for non-Russian oil and gas, the reality is unlikely to match the hype
EU governments will consider whether to impose an oil embargo on Russia
Azerbaijan is protected from the external economic pressures due to the events in Ukraine, according to Moody’s Investors Service (Moody’s). Moody's expect current account balances to deteriorate for most …
Even though many Western clients are proclaiming their intention to shun Russian barrels, the oil is still flowing from export channels
Brent oil futures with delivery in May 2022 lost 7.69% to $98.68 per barrel, according to data of the London-based ICE. Brent prices were below $100 per barrel last time on March 1. WTI oil prices tumbled 8.59% to $92.49 per …
