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The United States is looking to convince major oil importers, including Russia's key buyers these days, China and India, to endorse a plan to cap the price of Russian oil they are buying. The U.S. and other major developed …
Georgian Economy Minister Levan Davitashvili rejected the notion of Georgia buying oil subject to international sanctions on Russia, adding the country abided by the sanctions with "maximum responsibility". The Minister made …
freeing up exportable oil
Oil prices fell by more than $5 on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns. Brent crude futures lost $5.13, or 4.8%, to $101.79 a …
According to the trading data, world oil prices continue falling. Thus, by 16:56 (Moscow time) the cost of September Brent North Sea oil mixture futures fell to $95.64 per barrel (a 3.99% drop). A few minutes earlier, Brent fell to …
Oil prices fell on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that could stem inflation and curb crude demand. Brent crude futures for September were down 18 cents to $99.39 a barrel at …
Global oil markets are on edge over the specter of another civil war
The cost of September for North Sea Brent crude oil futures approached $106 per barrel, according to data from the London ICI exchange. By 17:39 (Moscow time) Brent reached $105.8 per barrel (an 5.09% increase). At the same …
Oil prices regained a footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession. Brent crude …
Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession …
According to the trading data on the London Stock Exchange ICE, the price of September futures for North Sea Brent crude oil fell below $107 per barrel. So, by 16:35 (Moscow time) Brent fell to $106.91 per barrel (a drop of …
Saudi Arabia's push for swifter oil production hikes by OPEC+, which were agreed in June, involved behind-the-scenes diplomacy to ensure Russia backed the move
A proposed price cap on Russian oil exports will only work if countries beyond Europe and the United States join the scheme, Shell Chief Executive Ben van Beurden said. The G7 group of countries agreed on Tuesday to impose a ban on …
Energy expert Dan Yergin said there are two reasons why oil prices have dropped in the past month despite a market that is still tight: the Fed and Russia’s special operation in Ukraine. According to …
The price of Brent oil futures with delivery in August 2022 declined by over 3.5% to less than $111 per barrel on the London-based ICE on Wednesday, for the first time since May 20, according to trading data. As of 05:05 Moscow time, …
U.S. Energy Secretary Jennifer Granholm shot down President Joe Biden’s claim that he would not meet with Saudi Crown Prince Mohammad bin Salman, completing the administration’s reneging on the …
Indigenous groups are keeping up protests in most of Ecuador’s provinces to demand a reduction of fuel prices and economic reforms
Oil prices made gains on Wednesday, rebounding from losses earlier in the session amid concerns over fuel demand and the broader economy ahead of an expected big hike in interest rates by the U.S. Federal Reserve. In volatile trading …
World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and act as a drag on the global economy
World oil prices are rising after the monthly OPEC report's publication, according to trading data. Thus, the price of August Brent crude futures rose by 0.4% - to $122.75 per barrel, July WTI futures - by 0.25%, to …
