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Don’t roll out the barrels: Oil prices fall in view of slow recovery

Oil prices were down on April 24 as traders believe economic recovery will be slower than expected hurting global oil demand. A decision by...

World better prepared for Russian energy weapon in 2023

China’s demand for energy, the amount of Russian oil that will be cut from global supply will be key factors which will determine where the oil price trades in 2023.

The year of the squeeze

Few of us will mourn the passing of 2021. However, as the New Year party balloons lie flaccid on the floor, there seems little...

Covid recovery, supply chain woes ratchet up oil prices

Oil prices hit multi-year highs this week as Covid recovery and coal, electricity and natural gas shortages are fueling demand for crude.“It has a...

Russia’s hand in Nord Stream 2 could be nightmare alley for EU

The European Union needs to boost energy security and provide alternatives and others, Justin Urquhart Stewart, co-founder of UK Regional Investment Platform Regionally, told...

Oil prices fall on signals Fed will start tapering stimulus measures

Oil prices fell to three-month lows this week due to the signal from the Federal Reserve that it will start tapering stimulus measures and...

China tensions, Iran nuclear talks support oil price hike

Oil prices traded close to a three-year high on June 24, supported by geopolitical tensions, including China and Iran, falling US inventories and prospects...

Gazprom’s TurkStream draws less heat than Nord Stream 2

Gazprom’s TurkStream natural gas pipeline to Turkey and Southeast Europe has drawn less opposition, certainly compared with the controversial Nord Stream 2 from Russia...

In time of pandemic, OPEC+ stands pat, sees oil rebound this year

The Organization of Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+, reportedly maintained its oil output policy at...

Brexit pushes UK to begin own emissions trading system in 2021

Due to Brexit, the UK government said on December 14 it will launch an emissions trading system (ETS) for domestic industry and power generation...

Russia, Saudis push COVID-19 oil supply cuts on OPEC+

Russian President Vladimir Putin and Crown Prince Mohammed bin Salman have urged fellow oil producer countries in OPEC+ to stick to supply cuts agreed...

Disdaining US threats, Germany, Russia forge ahead with Nord Stream 2

Despite the frictions that have strained relations between Berlin and Moscow, German Foreign Minister Heiko Maas and his Russian counterpart Sergey Lavrov on August...

Trump pushes end to Russian-Saudi oil production standoff

Oil prices surged on April 2 after US President Donald J. Trump said he expected Saudi Arabia and Russia to end a price war,...

Coronavirus fears lead to volatility, economic slowdown, oil price drop

Investor fears that the spread of the coronavirus in countries outside China, including Iran, Italy and South Korea, may slow world demand led to...

Coronavirus hits oil too, worries plunge prices

Oil prices fell more than 2% on 3 February, as traders were concerned over demand in China following the deadly coronavirus breakout but prices...

Oil price reaches 3-month high as 2019 nears end

Hopes for a US-China trade deal and an American Petroleum Institute (API) report showing lower US crude inventories pushed oil prices about 1% to...

Oil mess in Texas, OPEC caution gush crude prices

A surprise drop in US crude inventories and comments from Organization of the Petroleum Exporting Countries (OPEC) Secretary General Mohammad Barkindo about lower-than-expected US...

Drone strikes on Saudi oil fields spike prices

Geopolitical tensions and fears of longer-than-expected supply shortfalls led to Brent crude oil prices rising more than 1% on 19 September following the drone...

Saudi-Iran spat over drone attacks fuel oil prices

Increased tensions in the Middle East have fuelled oil prices this week. On 16 May, crude oil prices increased more than 1% as a...

OPEC+ oil production cuts, possible US-China trade deal boost oil prices

Supply cuts led by the Organization of Petroleum Exporting Countries (OPEC), US sanctions against Iran and Venezuela and the possibility of a US-China trade...

Trump-Erdogan spat, Iran sanctions, Maduro’s Venezuela could spike oil prices

Growing tensions between the United States and Turkey, fresh US sanctions against Iran, and falling oil production in Venezuela have increased the possibility of...

Strange bedfellows: Iran sanctions, EU posturing and volatile oil markets

Oil prices remained near three and a half year highs on May 11 as the United States plans to reintroduce sanctions against Iran after...

Trump pulling out of Iran nuclear deal risks fuel oil prices

As the US Administration of President Donald J. Trump mulls new sanctions against Iran, world oil prices remained high on May 4.“Iran is exactly...

Threatening to seize Gazprom’s assets, Ukraine raises the stakes for EU gas

As the gas dispute between Russia and Ukraine deepens, Kiev is reportedly planning to seize the Ukrainian assets of Russian gas monopoly Gazprom in...

Oil markets nervous after Tillerson sacked, McMaster on his way out

The firing of US Secretary of State Rex Tillerson and if President Donald Trump removes H.R. McMaster as national security adviser could impact major...

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