Russia will have to shut in some of its oil production as it will not be able to sell all the volumes displaced from European markets to other regions, with Continue Reading
The EU plans to propose phasing out Russian fossil fuels by 2027, according to European Commission President Ursula von der Leyen, as part of measures to improve European energy security. Continue Reading
Pressure on global agriculture markets is growing as the Russia-Ukraine conflict enters its third week as prolonged hostilities could force grain and oilseed buyers that rely on the two major Continue Reading
Oil prices rose on Thursday in volatile trade following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the Continue Reading
Crude oil futures were higher in mid-afternoon Asian trade March 10 after the UAE’s energy minister affirmed the Gulf state’s commitment to OPEC+ monthly production increases, contradicting a UAE top Continue Reading
Oil is now holding near its highest level since 2008, and analysts are not ruling out a continued run to all-time highs of $150 and even $200 per barrel if Continue Reading
Oil prices could hit $240 per barrel this summer in the worst-case scenario. Oil prices could hit $240 per barrel this summer in the worst-case scenario if Western countries roll Continue Reading
Daily spot prices for Brent closed at almost $124 per barrel in the first week of March. The U.S. Energy Information Administration (EIA) has raised its 2022 Brent spot average Continue Reading
Energy prices have skyrocketed since the beginning of Russia’s assault on Ukraine, and analysts expect them to continue rising. The United States has banned all imports of Russian energy, and Continue Reading
A child puckers her lips on a window of a bus heading to a temporary housing location, following Russian invasion of Ukraine, near the North Railway Station in Bucharest, Romania, Continue Reading
