LAST UPDATE 14:01 The escalation of geopolitical tensions in Ukraine is leading to escalating reactions in energy prices, as the “freeze” of Nord Stream 2 brings a strong jump for natural gas and the general concerns about the supply of crude oil lead it to $ 100. In particular, the European gas benchmark, the Dutch […]
Tag: oil
Crisis in Ukraine: The government’s plan b for the smooth energy supply of the country
By Harry Floudopoulos Ensuring the uninterrupted energy supply of the country, despite the conditions of war igniting in Ukraine, will be discussed during the extraordinary meeting of KYSEA, which will be attended by Energy Minister Costas Skrekas. The scenario that, although according to competent sources is not considered the most prevalent, will be considered is […]
Arab countries: OPEC + must maintain the current oil production agreement
OPEC + should maintain the current agreement on oil production, which provides for an additional 400,000 barrels per day each month, Arab oil and energy ministers said on Sunday at the 2022 International Petroleum Technology Conference (IPTC). Iraqi Oil Minister Ihsan Abdul Jabbar said “for the benefit of the entire energy market, OPEC + must […]
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 recovers, gas losses
Oil prices are recovering on Friday as the prospect of rising Iranian oil exports overshadows fears of a possible supply disruption due to the Ukraine crisis. Fears of a possible supply disruption due to the Russian military presence near the Ukrainian border have reduced casualties this week. Oil prices reached their highest level since September […]
Weekly drop in oil, losses for gas
LAST UPDATE: 19.00 Oil prices widened their losses on Friday to a weekly decline as the prospect of rising Iranian oil exports overshadowed fears of a possible supply disruption due to the Ukraine crisis. Fears of a possible supply disruption due to the Russian military presence near the Ukrainian border have reduced casualties this week. […]
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 […]
Reuters: In the second phase, the lifting of oil sanctions on Iran
The draft US-Iran agreement, which will revive the second international nuclear convention in 2015, initially provides for phases of reciprocity for both sides, which, if observed, would mean the gradual lifting of US sanctions on Tehran oil. In particular, as reported by Reuters, the representatives of the states participating in the talks say that much […]
Gas prices jump after Russian allegations of troop withdrawal rejected
Gas prices are gaining ground after two days of losses as the US and Europe reject Russian claims of troops withdrawing from the border with Ukraine. The US government has said that Moscow, instead of withdrawing its troops as it claims, seems to have added up to 7,000 troops to the area, which Moscow has […]
Crude oil prices rose after Tuesday’s slump
Oil prices are moving in a positive direction on Wednesday after the heavy losses they experienced yesterday, with the attention remaining on the developments in the Ukrainian crisis for signs of normalization of the tension that led to a rally in prices in the previous days. Brent gained 62 cents, or 0.7%, to $ 93.90 […]
