Oil prices stabilized on Friday and are on track to record the biggest weekly drop since November, amid fears of escalating Russian oil bans in the face of attempts to boost supply from other major producers. Brent futures fell 16 cents, or 0.15%, to $ 109.17 a barrel, after falling 1.6% in the previous session. […]
Tag: oil
Oil prices are up 2%, reducing the losses in the week
LAST UPDATE: 18.00 Oil prices rose on Friday and reduced their losses in the week, as traders weigh the possible options of replacing Russian crude on the world market after the Russian invasion of Ukraine. In addition, the cessation of talks on Iran’s nuclear program and reports of a drone strike on a Saudi Aramco […]
Russia can solve problems by selling its oil, says Deputy Prime Minister
Russian companies have struggled to secure funding for April contracts to sell crude and petroleum products, but the situation can be resolved, Russian Deputy Prime Minister Alexander Novak was quoted as saying by Interfax news agency. The United States has banned oil and gas imports from Moscow on Tuesday, and some Western oil companies, including […]
Italy’s public company ENI stops buying oil from Russia
Italy’s public energy company, ENI, announced today that it has decided to stop buying oil from Russia. Gas imports so far continue normally. The government of Mario Draghi, however, has said that by the end of June it will have reduced Russian gas imports by 50%. According to the Italian press, this is a decision […]
Small fluctuations in oil, the price of gas falls
The price of oil is fluctuating today after the biggest “dip” of the last quarter recorded yesterday, as the effects of the Russian invasion of Ukraine continue to cause cracks in a “panicked” market. Futures in New York fluctuated between a rise and a fall, after falling 12% yesterday to $ 109 a barrel, the […]
Slightly upward oil, declines strongly (-17%) gas
LAST UPDATE: 17.45 International oil prices are on the rise on Thursday, after the biggest daily “dip” in the last quarter recorded yesterday, as the effects of the Russian invasion of Ukraine continue to cause a crunch in a “panicked” market. The global benchmark, Brent oil delivery in Mayincreased by 1.49%, to $ 113.15 per […]
US: Energy Secretary calls on oil companies to increase production
The US Secretary of Energy called on her country’s oil companies to produce more to ease the market, amid the war in Ukraine and the US embargo on Russian crude imports. “We need more supplies,” Jennifer Granholm said during a speech at CERAWeek in Houston, Texas. “We are on the brink of war,” she continued, […]
‘Dive’ over 12% for US crude, over 13% for Brent –
Oil fell sharply on Wednesday, just one day after climbing to its highest level since 2008, losing some of its recent gains thanks to a rally sparked by Russia’s invasion of Ukraine. Today’s correction in crude prices was fueled by the apparent de-escalation of the Russian-Ukrainian crisis and the possible progress of the US effort […]
Turkey: We have no intention of stopping buying oil from Russia
Turkish Energy Minister Alparslan Bayraktar said on Tuesday that his country would continue to buy Russian oil. Turkey relies on Russia for 45% of its gas demand, 17% of its oil and 40% of its gasoline, Bayraktar said on the sidelines of the CERAWeek energy conference. “People need more oil,” he said. “It has to […]
Britain: Energy dependence costs money
The British government has decided to disengage from Russian fuel by the end of 2022, but analysts warn of economic “suffocation” of households. The British government had warned and warned that it would impose even tougher sanctions on the Putin regime. Following the historic speech of Ukrainian President Volodymyr Zelensky in the British Parliament, Boris […]