Ukraine War Could Wipe Out 1 Million Bpd In Local Oil Demand
Rystad: Ukraine war could wipe out 1 million bpd in local crude demand. Oil demand in both Ukraine and Russia is set to plunge if an end to the conflict Continue Reading
Italy Halts Funding For $21 Billion Arctic LNG 2 Project
Italy has halted its share of the financing for the Arctic LNG 2 project, as Western companies and countries continue to sell their stakes in Russian energy projects, even absent Continue Reading
Russia Fails To Meet OPEC+ Quota Again Despite Rising Oil Production
Russia is estimated to have increased its crude oil production by 0.2 percent in February compared to January, but it is still likely more than 130,000 barrels per day (bpd) Continue Reading
UK LNG Workers Call On Government To Stop Inbound Russian Tankers
The government must immediately intervene to stop two Russian tankers – containing enough liquid gas to supply the UK for up to 12 days – from docking in Kent at Continue Reading
Oil futures: Brent surges to new seven-year high as sanctions touch Russian oil
OPEC+ to meet March 2, eyes no change to policy UK bans Russian-owned oil tankers, refiners shifting from Urals IEA release of 60 million barrels from SPRs 0812 GMT: Crude Continue Reading
Oil markets hit multiple milestones after Russia sanctions
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporters Russia sows confusion and panic among global crude Continue Reading
Oil Tops $110 With Russian Supplies Struggling for Buyers
Oil Rips Higher Past $105 a Barrel Oil extended its relentless rally above $110 a barrel before an OPEC+ meeting as the severity of disruption to Russian supplies showed signs Continue Reading
Growing Supply Risks Boost Bullish Bets In Oil Markets
Fears of disruptions in the supply of Russian oil and gas, especially for Europe, reach fever pitch. Sanctions begin to impact physical crude flows from Russia. Hedge fund manager Pierre Continue Reading
Economic dangers from Russia’s invasion ripple across globe
Moscow’s war on Ukraine and the ferocious financial backlash it’s unleashed are not only inflicting an economic catastrophe on President Vladimir Putin’s Russia. The repercussions are also menacing the global Continue Reading
IEA Confirms 60MM Barrel Release
The IEA outlined that the move was made to send a ‘unified and strong’ message to global oil markets. The 31 member countries of the governing board of the International Continue Reading