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With Turkey’s consumer inflation already at 54.4%, price increases on fuel alone threaten to add two percentage points to the monthly inflation rate in March. A seemingly endless stream of fuel price hikes has sparked a nationwide outcry in Turkey, where the surge in global energy prices has been amplified by the depreciation of the Turkish lira
The Gulf state would not act on its own to raise production and remained committed to OPEC+ policy
Oil prices rebounded on Thursday following a sharp drop late on Wednesday as the market weighs expectations of OPEC producers boosting production to fill the shortfall in Russian supplies. International benchmark Brent crude was trading …
U.S. President Joe Biden announced a ban on Russian oil and other energy imports. The latest sanctions are likely to push up oil prices - resulting in even higher prices at the pump. Brent crude was up $1.68, or 1.3%, at $129.66 a …
Oil prices extended gains on Wednesday after the US announcement of an embargo on Russian energy imports, and the UK’s plan to phase out Russian gas supplies. International benchmark Brent crude was trading at $131.12 per barrel …
Turkey expects oil prices to grow after western anti-Russian sanctions are imposed due to the Ukrainian crisis, Turkish Deputy Minister of Energy and Natural Resources Alparslan Bayraktar said. "This is a simple math – …
The executive director of the analytical agency S&P Global, Aaron Brady, predicted severe disruptions in the oil supply to the world market. According to him, this may happen due to the events in Ukraine and sanctions against the …
UK Energy Minister Kwazi Kwarteng said the country will stop importing Russian oil by the end of 2022. "The transition will give the market, companies and suppliers more than enough time to replace Russian imports, which accounts …
Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats to cut energy supplies from Russia, Russian Deputy Prime Minister …
as banks shy away from financing the oil because of sanctions
The price of a futures contract for Brent crude oil with May delivery on London’s ICE increased by 5.64% to $119.3 per barrel. As of 10:40 Moscow time, the price of Brent exceeded $119 per barrel and grew to $119.15 per barrel …
The price of futures contracts of Brent crude oil for May 2022 delivery gained 3.37% on London's ICE on Thursday, reaching $116.74 per barrel, according to trading data as of 05:49 am Moscow time. As of 05:54 am, the price of Brent …
The price of Brent crude oil futures contract with May delivery on London’s ICE exchange rose by 7.67% to $113.02 per barrel on Wednesday. As of 11:03 Moscow time, the price of Brent slowed down to $111.46 per barrel (+6.21%). The …
The price for May 2022 futures contracts for Brent oil increased 5.83% on London’s ICE, to $111.09 per barrel as of 05:46 Moscow time on Wednesday. As of 05:52 Moscow time, the growth slowed down to 5.77%, to $111.03 per …
Oil prices jumped early Monday after the U.S. and Western allies imposed sanctions on specific Russian banks, prompting fears that energy supplies will be indirectly affected
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.16, or 4.3%, to …
Oil surged above $105 a barrel for the first time since 2014. Brent crude rose 8.64%, to $105.21 a barrel at 13:21 (MSK), and U.S. West Texas Intermediate (WTI) crude jumped 7.68%, to $99.17 a barrel. OPEC+ meets on March 2 to …
Brent oil price surged close to $100 on Tuesday. Brent crude, the global benchmark, was up $3.38, or 3.5%, at $98.77 at 10:00 GMT, having earlier reached $99.50, the highest since September 2014. U.S. West Texas Intermediate …
The price of futures contracts of Brent crude oil for April 2022 delivery gained 2.19% on London's ICE on Tuesday, reaching $97.48 per barrel, according to trading data as of 04:35 am Moscow time. As of 04:38 am, the price of Brent …
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $3,13 to trade at $100,76. The price of Azerbaijani oil has exceeded $100 for the first time since September …
