The United Arab Emirates was in favor of increasing daily oil production on Wednesday. In fact, as it became known, the Emirates will try to persuade the other oil-producing countries of OPEC to agree to increase production. Oil had already fallen earlier in the day from a rally to peaks that had not been seen […]
Tag: argon
Υπ. Foreign Minister: Ban on Russian oil imports would cause chaos
German Foreign Minister Alena Berbock on Tuesday justified Berlin’s decision not to ban Russian oil imports in retaliation for the invasion of Ukraine, saying such a move would plunge Germany into chaos in a victory rather than a defeat for Kremlin. If Germany felt that banning these imports would end the war, it would, Berbock […]
Russia: Oil to exceed $ 300 a barrel if Europe bans Russian crude imports
The price of oil could exceed $ 300 a barrel if the US and the European Union ban imports from Russia, Russian Deputy Prime Minister Alexander Novak warned tonight. “It is absolutely clear that the rejection of Russian oil would have catastrophic consequences for the world market,” Novak said in a videotaped statement broadcast on […]
Oil Rally – More than 13 years old for US crude at $ 118 / barrel
Oil prices rallied on Friday, with US crude closing at a 13-year high as Russia invaded Ukraine and Western sanctions on Moscow threatened to disrupt global crude supplies. Oil has risen sharply as fears of Western sanctions halting Russian oil exports, offsetting the possibility of more oil supplies from Iran, added to the news of […]
Gross oil signals – Loss of 2.2% per week in US crude
Oil prices closed lower on Friday, with US crude widening weekly losses to more than 2% after the United States said an agreement on Iran’s nuclear program was possible “in the coming days” if Iran show “seriousness”. In particular, the US government spoke of “substantial progress” in the Vienna talks aimed at surpassing the international […]
Oil: 2% drop amid reports of progress in Iran nuclear talks
Oil prices closed lower on Thursday as reports of progress in Iran’s nuclear talks boosted the possibility of more oil being released to the world market. “As Iran’s nuclear talks enter a final phase, we reiterate our view that if a new agreement is actually reached, the country’s exports are likely to increase by 500,000 […]
Oil: 7-year highs widened – ‘Jump’ over 3% amid fears of Russian attack
New 7-year highs hit oil prices on Friday, rising more than 3% as fears of a Russian invasion of Ukraine that could happen “day by day” intensified, the national security adviser said earlier. of the White House Jake Sullivan. The market is very nervous as officials from Washington estimate that “the invasion can happen at […]
US crude exceeded $ 90 / barrel for the first time since 2014
Oil prices closed with significant gains on Thursday, with US crude climbing above $ 90 a barrel for the first time in more than 7 years, amid concerns about oil production. Undoubtedly, winter storms in parts of the United States will affect oil production, said analyst Phil Flynn. Cold weather can hit oil production and […]
OPEC +: Unlikely to accelerate oil production, sources say
The OPEC + alliance is likely to stick to plans for a modest increase in its oil production target at its meeting today, according to alliance sources who spoke to Reuters, despite pressure from top consumers for more supply after rising crude prices. at a seven-year high. OPEC +, which produces more than 40% of […]
Oil: Earnings over 2% per week
Oil prices closed lower on Friday, but retained their gains on a weekly basis, recording the fifth consecutive 5-day rise. “Crude oil prices may not have a $ 100 non-refundable ticket, but data on oil supply suggests it could catch up by the summer,” said Edward Moya, an OANDA analyst. He stressed that “the next […]
