The European Commission has been considering an embargo on Russian oil. It’s not clear yet when the sixth package would be proposed by the European Commission. EU in talks with Continue Reading
U.S. crude stocks fell by 4.5 mln bbls last week – API IMF cuts global growth forecast by nearly 1 pct point OPEC+ supply gap widens in March as sanctions-hit Continue Reading
Oil rebounded as industrial activity in virus-hit China picked up, and a report pointed to a decline in U.S. crude stockpiles. West Texas Intermediate rose toward $104 a barrel after Continue Reading
Oil prices could shoot up to a record $185 per barrel if the European Union acts to impose a full immediate ban on imports of Russian oil, JPMorgan says. The Continue Reading
Oil Sinks on IMF Global Growth Forecast Oil extended losses after the International Monetary Fund downgraded its global growth forecast, intensifying market concerns of an economic slowdown in the wake Continue Reading
The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war in Ukraine for disrupting global commerce, pushing up oil prices Continue Reading
Global gas demand is set to turn negative in 2022 as a result of high prices and market uncertainty, with demand expected to fall by 0.3% this year, the International Continue Reading
Iran said it needs tens of billions of dollars of investment in its natural gas sector, underscoring how it would struggle to ramp up production even if the U.S. lifts Continue Reading
Saudi Crown Prince Mohammed bin Salman, wearing shorts at his seaside palace, sought a relaxed tone for his first meeting with President Biden’s national security adviser, Jake Sullivan, last September. The Continue Reading
This could have been Algeria’s moment: Europe’s efforts to wean itself off Russian gas should have provided the north African country with a golden opportunity to maximise exports and carve Continue Reading
