LAST UPDATE: 18:00 International oil prices fell more than 7% on Monday as worries about weaker fuel demand in China intensified after Shanghai launched a two-stage lockdown to curb rising rates. The market began another week of uncertainty, with Russia’s war in Ukraine, the world’s second-largest oil exporter, and the expansion of lockdowns due to […]
Tag: oil
Britain bought Russian energy worth 8,000 tanks in eight years
By David Vetter With the Russian invasion of Ukraine entering its second month of hostilities, Oxford University researchers have revealed that the United Kingdom has paid about $ 30 billion to buy Russian oil and gas since the annexation of Crimea in 2014. which could be used by Vladimir Putin to buy 8,000 new generation […]
Reuters: Chinese oil company Sinopec is suspending its investments in Russia
The Chinese state-owned company Sinopec has decided to suspend talks on a major investment it plans to make in the petrochemical industry in Russia and on a plan to promote Russian gas in the Chinese market. According to a Reuters report, the reason for this move is Beijing’s concern over the developments that are taking […]
Supply fears led to a ‘jump’ of more than 10% crude per week
The current trading week ended with a “jump” of more than 10% for the American crude and almost 12% for the European Brent, as despite the downward start of trading on Friday, both contracts closed the day with significant profits after the attack that unleashed the Houthis at an oil facility in Saudi Arabia. Today’s […]
Germany has reduced its dependence on energy imports from Russia
Germany has made significant progress in reducing its exposure to Russian gas, oil and coal imports since the start of Russia’s invasion of Ukraine, Economy Minister Robert Habeck said on Friday. He said Russian oil imports now accounted for 25% of German imports, from 35%, and gas imports fell to 40% from 55%. Russian coal […]
Towards a weekly jump of 10% oil
With stabilizing trends in the area of ​​120 dollars, oil is moving in the current trading, while both contracts are on track to complete their first uptrend week in the last three. In particular, the European Brent sees the May contract to increase marginally by 0.19% and its price to be $ 119.26 the barrel, […]
Earnings of almost 1% for crude after reports of an attack on an Aramco oil plant
LAST UPDATE: 19:33 Oil prices rose on Friday afternoon, fueling reports of an attack on an oil giant at the Aramco energy giant in Jeddah, Saudi Arabia, with the two contracts on track for their first three-week uptrend. last. In particular, the European Brent sees the May contract strengthen by 0.87% and pass again the […]
Canada: Oil and gas exports up 300,000 barrels this year
“Canada’s ability to increase oil and gas exports by up to 300,000 barrels per day by the end of this year to help improve global energy security from the turmoil caused by Russia’s invasion of Ukraine,” he said. Country Natural Resources, Jonathan Wilkinson. Canada is also considering ways to replace Russian gas with domestic liquefied […]
Oil prices are falling slightly
Slightly declining trends are observed in the oil market as investors assess the possibility of a new supply in the markets, amid prospects for a new agreement with Iran. Brent futures fell 58 cents, or 0.48%, to $ 121.02 a barrel, and US West Texas Intermediate futures fell 96 cents, or 0.84%, to $ 113.97 […]
At a high of more than two weeks of argon – New ‘jump’ for gas
Oil and gas prices hit a new high on Wednesday as developments on the Russian-Ukrainian war front raised fears of possible global energy supply problems. The rise in oil prices today was fueled by reports that the US and the EU on tomorrow, the first day of the two-day Summit of European Leaders, which will […]
