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U.S. oil was under pressure on Thursday, adding to an overnight plunge on a report that the U.S. was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves to lower prices. The bid by the U.S. …
The Russian oil and gas company "Rosneft" expects that by the end of the first half of 2022 the world oil price could reach $120 per barrel. This was announced by Otabek Karimov, Vice President for Commerce and Logistics of the …
Oil prices are pushing lower once again on Friday, after falling just short of their October highs earlier this week
Oil quotations continued to decline today: for example, by 18:03 Moscow time, January Brent futures fell in price on the London ICE Futures exchange by $ 0.63 (0.76%), to $ 82.24 per barrel. December futures for WTI in electronic …
The Organization of the Petroleum Exporting Countries (OPEC) expects oil demand to grow by 4.2 million barrels per day in 2022. This is stated in the November OPEC report. The organization believes that the demand for oil next year may …
The U.S. Energy Information Administration (EIA) raised its forecast for global crude oil prices for 2021 but kept projections unchanged for 2022. In the November Short-Term Energy Outlook (STEO), the EIA revised up its Brent price …
The U.S. authorities do not increase the volume of oil production in the country, since the relevant decisions are made by individual companies, Washington calls on OPEC + to expand supplies, White House principal deputy press secretary Karine …
US Secretary of Energy Jennifer Granholm said in an interview with Bloomberg that Washington is currently contemplating the release of strategic oil reserves in order to lower world energy prices. "Yes, we are definitely …
OPEC+ decided Thursday to stay the course in slowly boosting oil production despite pressure from the White House to further increase output to curb rising oil prices, Investor's Business Daily informs. OPEC+, made up of the …
U.S. President Joe Biden has called out Russia and OPEC countries for causing U.S. energy prices to rise, even as he implements policies to curtail domestic oil and natural gas production. “If you take a look at, you know, gas …
Bank of America expects Brent crude to hit $120 a barrel by the end of June 2022, according to Bloomberg. A global energy crisis has sent prices for gas and coal soaring around the world, and this has turbocharged the recovery in …
Over the past 30 years Caspian nations such as Azerbaijan and Kazakhstan have built thriving economies on oil and gas wealth led by global energy companies and a handful of megaprojects. As times change, that model may need to be reassessed. …
Average price of Russia’s Urals oil rose doubled in October, reaching $81.49 per barrel. According to the press service of the Russian Ministry of Finance, in October 2020 it was $40.53 per barrel. The average …
Oil production is rising only slightly faster than consumption, which has caused a price surge to be sustained.
The dollar exchange rate fell to 69.51 rubles on the Moscow Exchange as of 11:10 Moscow Time on Tuesday. At the same time, the euro exchange rate fell to 80.66 rubles. Oil prices edged lower on Tuesday but remained near …
The International Energy Agency said earlier this month that spending on fossil fuels is lower than needed if current demand growth continues
Oil prices extended pre-weekend gains on Monday to hit multi-year highs, lifted by tight global supply and strengthening fuel demand in the United States and beyond as economies recover from pandemic-induced slumps. Brent crude futures …
Energy prices are expected to inch up in 2022 after surging more than 80% in 2021, fueling significant near-term risks to global inflation in many developing countries, the World Bank said in its latest Commodity Markets Outlook on …
Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Brent crude oil futures …
As oil prices rally, the rig count in the Permian is ticking up and oil production in the basin is set to reach pre-pandemic levels soon. The rig count in the top oil-producing shale play is now 136 rigs above what it was this …
