The European Union intends to remain “united” on the issue of an embargo on Russian gas and oil, and France is urging the United States to act “in coordination” with its partners, the French government said today. French Ecological Transition Minister Barbara Pompili, whose country holds the rotating EU presidency, is expected to meet with […]
Tag: oil
Shell Stops Russian Oil and Gas Purchases – Apologizes for Initial Stop
Oil giant Shell apologized on Tuesday for buying a shipment of Russian oil at a big discount after Russia’s invasion of Ukraine, while announcing that it was withdrawing from all Russian hydrocarbon projects. “As an immediate first step, the company will stop all spot purchases of Russian crude oil. It will also close gas stations, […]
Goldman Sachs: Sees oil at $ 135 a barrel
Goldman Sachs upgraded its Brent price estimates for 2022 and 2023, arguing that the global economy could face “the biggest energy shocks in its history”, given Russia’s central role in global energy supply. Goldman Sachs upgraded estimates for Brent to $ 135 a barrel from 98 previously, and estimates for 2023 to $ 115 a […]
Oil remains high
Oil is moving higher as the US moves one step closer to imposing a ban on Russian oil imports after the invasion of Ukraine, intensifying economic pressure on President Putin. Futures contracts in New York exceeded $ 121 a barrel and reached the highest level since 2008. The effects of the war have turned markets […]
Oil remains high – At + 18% natural gas
LAST UPDATE: 10.43 Oil is moving higher as the US moves one step closer to imposing a ban on Russian oil imports after the invasion of Ukraine, intensifying economic pressure on President Putin. Futures contracts in New York exceeded $ 121 a barrel and reached the highest level since 2008. The effects of the war […]
Oil remains high – 9% drop for natural gas
LAST UPDATE: 15.43 Oil is moving higher as the United States moves one step closer to imposing a ban on Russian crude imports after the invasion of Ukraine, intensifying economic pressure on President Putin. The effects of the war have turned markets upside down, driving everything from wheat to nickel and gas to soaring as […]
Bulgaria opposes ban on energy imports from Russia
Bulgaria backs sanctions on Russia as means to end invasion of Ukraine . Bulgaria, a member of the EU and NATO, is almost entirely dependent on gas supplies from Russia’s Gazprom, while its only oil refinery, owned by Russia’s LUKOIL, supplies more than 60% of the country’s fuel. The United States is ready to ban […]
Oil: Over $ 120 a Brent, in the shadow of the US embargo threat on Russian crude
LAST UPDATE: 17:45 Brent crude hovered above $ 120 a barrel on Monday, amid reports that the United States has already opened the debate on a ban on Russian oil imports, which has created even greater unrest in an already troubled Russia due to the Russian invasion of Ukraine. Buy. Such prices, even if not […]
‘Self-cancellations’ of Russian oil increase by 1,600% in fares
By Anastasia Vamvaka Avoiding Russian oil has dramatically increased premiums for adventurous merchants and shipowners willing to take the risk and transport Russian crude amid an indefinite and evolving patchwork of financial, shipping and banking sanctions. The vague and complex geopolitical risk posed by Russia’s invasion of Ukraine has further affected crude exports, while diesel […]
There is no end to the price rally in electricity, gas, oil
By Harry Floudopoulos The stock market price of natural gas recorded a new historical record yesterday, with the result that the prices of electricity are being pushed upwards throughout Europe and Greece. At the same time, the price of oil last week showed the largest fluctuation historically as from the level of 100 dollars in […]
