LAST UPDATE: 10.21 Oil prices are rising as Ukrainian forces resist Russian attacks, while major oil producers have said they are finding it difficult to produce the quotas they have been given under a supply deal. Brent crude rose 1.8% to $ 109.89 a barrel, after rising 1.2% last Friday. US West Texas Intermediate was […]
Tag: oil
New rise in oil prices – At a 20-day low, gas is falling
LAST UPDATE: 10.21 Oil prices are rising as Ukrainian forces resist Russian attacks, while major oil producers have said they are finding it difficult to produce the quotas they have been given under a supply deal. Brent crude rose 1.8% to $ 109.89 a barrel, after rising 1.2% last Friday. US West Texas Intermediate was […]
New rise in oil prices – Slightly declining gas
LAST UPDATE: 12.44 Oil prices are rising as Ukrainian forces resist Russian attacks, while major oil producers have said they are finding it difficult to produce the quotas they have been given under a supply deal. Its prices brent strengthened 4.03% to $ 112.28 a barrel, after rising 1.2% last Friday. The American West Texas […]
Russia: The biggest oil companies are suspending their future operations
The three largest oil companies in the world are suspending future operations in Russia in response to the invasion of President Vladimir Putin in Ukraine, announcing their decisions separately and within 24 hours from each other, Bloomberg reported. Baker Hughes said on Saturday it was suspending new investment in companies in Russia, but was continuing […]
Saudi Aramco: Announces increase in investment and oil production potential
Saudi Arabia’s state-owned oil company Aramco, which is under pressure from the West to increase production amid a spike in prices, pledged to increase investment by about 50% this year as it announced a doubling of its profits in 2021, it said. Reuters. Saudi Aramco benefited from a more than 50% rise in oil prices […]
Oil: ‘Dive’ over 4% per week
Oil prices closed higher on Friday, after a session of strong volatility, but on a weekly basis, US crude fell more than 4%. “This week’s volatility is due to confusion about what to do with Russian oil exports,” said Manish Raj, chief financial officer of Velandera Energy Partners. He noted that all eyes are on […]
The IEA proposes a 10-meter package to reduce oil consumption
Reducing road speeds, teleworking, cheaper public transport: the International Energy Agency (IEA) today proposed a package to rapidly reduce oil consumption, in the face of the risk of a shock due to the Russian invasion of Ukraine. The proposed 10-meter package will reduce oil consumption by 2.7 million barrels per day over four months, equivalent […]
The rally in the oil market is expanding
Oil prices rallied on Friday at the end of the third week of volatile trading following slow progress in Russia-Ukraine talks, which raised the possibility of tougher sanctions and a longer cut in oil supplies. Despite battlefield failures and punitive Western sanctions, Russian President Putin has shown few signs of retreating. The fourth day of […]
Declining turn for oil – Under € 100 per gas
LAST UPDATE 14:38 Reversal in oil prices, which erased the new significant gains that were recorded and went into negative territory, at the end of the third consecutive week of strong volatility. Earlier, little progress in talks between Russia and Ukraine had pushed prices to the brink of $ 110, amid increased chances for tougher […]
European gas at € 100.5 with a drop of 4.3% – Oil up
LAST UPDATE 19:20 The de-escalation of the pressures on the price of European natural gas continues, which in fact today fell below 100 euros. Finally, the price of the April contract in Amsterdam (TTF), the pan-European benchmark, closed with a loss of 4.36% and stands at 100.5 euros per megawatt hour. At the high today […]
