Tag: oil prices
Global Energy Supplies
OPEC+ postpones plans to increase production over supply unease
The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known collectively as OPEC+, decided on December 5 to delay its planned...
Economy & Business
Shockwaves from the Gaza War begin impacting the global economy
In this era of globalization almost any regional crisis can be expected to trigger defensive strategies on the part of major companies and investors....
Columns
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.
Energy
Oil prices shrug off cap as Russia fires back with price floor threat
Oil markets will likely stay volatile in the near term amid uncertainty over the impact on Russian output from the EU's ban, headlines on China's COVID policy and central bank movements in the U.S. and Europe.
Energy
OPEC+’s massive supply cut is a clear win for Russia
The Organization of Petroleum Exporting Counties (OPEC) and its Russia-led allies of oil-producing nations struck a major blow against the West's sanctions against Moscow...
Global Energy Insider
Countering loss of Russian oil over penalties, US opens reserve pump
After consultation with allies and partners, US President Joe Biden announced on March 31 the largest release of oil reserves in history, putting one...
Energy
There will be oil: US, IEA counter Putin’s war
The United States and the other 30 member countries of the International Energy Agency agreed on March 1 to release 60 million barrels of...
Global Energy Insider
After Russian hammer in Ukraine, sanctions talk brings sickle to oil prices
Oil prices slipped on February 25 after sharp rises early in the session as traders were concerned that sanctions against Moscow following Russia’s invasion...
Energy
Slow pump: OPEC+ will raise supply, can’t cool prices
The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, said on February 2 the ministers...
Energy
The Year of Good Energy?
The Covid pandemic, geopolitics, climate change, energy and the economy are likely to be key issues in 2022.“What we have to have when we’re...
Energy
Gazing into the Energy Crystal Ball for 2022
The Covid pandemic and geopolitical issues are likely to be key issues for the energy prices in 2022.“What we have to have when we’re...
Archive
Oil climbs as OPEC+ may delay further supply recovery if there is a slump in demand
Oil prices climbed on December 3 after the Organization of the Petroleum Exporting Countries (OPEC), and oil producing allies led by Russia, a grouping...
Archive
Tackling oil prices, US to release 50 mln barrels of crude from the Strategic Petroleum Reserve
In response to the highest oil prices in seven years, the Biden administration has taken a decisive action to address lack of supply and...
Archive
Fearing recovery setback, OPEC+ sticks to plans to raise oil output gradually
The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so called OPEC+, dismissed demands from the United States...
Archive
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...
Archive
EU mulls technical assistance to Moldova amid Russian gas shortage crisis
The European Union is looking for ways to help Moldova following a supply shortage of natural gas and the absence of a new energy...
Archive
Satisfied OPEC+ keeps oil supply status quo
At the OPEC+ meeting, which came against a backdrop with Brent trading just under $80 per barrel, oil ministers decided on October 4 to...
Archive
OPEC+ keeps output increase to 400,000 bpd despite US calls for more supply
Oil prices increased on September 3 after slow recovery for US Gulf Coast exports from hurricane Ida earlier this week and the decision by...
Archive
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...
Archive
Revised OPEC+ deal very favourable for Russia
As the global economy recovers from the Covid pandemic fueling oil prices, OPEC+ countries, including Saudi Arabia and Russia, reached a deal via videoconference...
Archive
Russia unlikely to interfere in Saudi-UAE dispute to raise oil output
“There is a very wise old saying that ‘it is a very foolish person that seeks to interfere in family disputes,’” Chris Weafer, co-founder...
Archive
OPEC+ seeks agreement on oil production policy
The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC, an energy alliance often referred to as OPEC+, was expected to reconvene via teleconference on...
Archive
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...
Archive
The last party in the oil market
The Organization of the Petroleum Exporting Countries (OPEC) and other major crude producers led by Russia, a group so-called OPEC+, agreed on June 1...
Archive
Colonial Pipeline restarts operations after ransomware cyber attack
The largest pipeline system for refined oil products in the US, the Colonial Pipeline, reportedly said on May 12 it initiated the restart of...
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