The General Court of the European Union upheld sanctions imposed on several Russian oil companies and banks after the annexation of Crimea in 2014 and Russia’s involvement in the Ukraine Continue Reading
Russia’s central bank is set to make its most anticipated decision on the benchmark lending rate in years. After a week in which the rouble fell to a two-year low Continue Reading
Oil prices fell on Thursday, slipping back from four-month highs as investors focused on the risk that emerging market crises and trade disputes could dent demand. Benchmark Brent crude oil Continue Reading
A day after the American Petroleum Institute gave oil bulls a cause for celebration with an estimated 8.636-million-barrel inventory decline for the week to September 7, the Energy Information Administration Continue Reading
A variety of other factors also propelled prices higher, including concerns over Hurricane Florence and some storms moving toward the Gulf of Mexico, tightening global oil supplies due to U.S. Continue Reading
Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global Continue Reading
If Europe’s eight largest oil companies want to meet the climate and carbon-reducing goals they have set, their spending on new, low-carbon energies must double by 2020, and then double Continue Reading
The International Energy Agency warned Thursday the oil market is entering a “very crucial period” due to uncertainties over Libya and Venezuela and Iranian sanctions,and said demand in non-OECD countries Continue Reading
Global oil demand growth estimates for 2018 and 2019 are unchanged at 1.4 mb/d and 1.5 mb/d, respectively. The pace of growth slowed sharply in 2Q18, caused by weaker OECD Europe and Asia demand. US Continue Reading
That was the cartel’s biggest month-on-month increase in more than two years, bringing the supply from the group’s 15 producers to a nine-month high. The increase mainly came from higher Continue Reading
