Shunned in Europe, Russian Fuel Is Flooding to the Middle East
Russia’s huge exports of diesel and other fuel products that are being shunned by many in Europe are fast heading to a new destination: the Middle East. Flows to the Continue Reading
Russia Earns More Despite Lower Oil Exports in June, IEA Says
Russia’s oil exports rose back above $20 billion in June despite lower shipments abroad because of a rally in energy prices, according to the International Energy Agency. That was an Continue Reading
European Gas Prices Rise as Nord Stream Works Put Market on Edge
European natural gas prices gained for a second day as traders remain on edge over what to expect when Russia’s Nord Stream pipeline completes maintenance. The pipeline is shut for Continue Reading
Putin’s Oil War With the West Comes at His Allies’ Expense
As Russia pushes to find new buyers for its oil to skirt ever tougher Western sanctions, it is cutting into the market share of two of its allies — Iran Continue Reading
Live Updates: Ukraine to Meet With Russia for Grain Export Talks
Russian and Ukrainian negotiators are scheduled to meet Wednesday in Istanbul , in the increasingly desperate effort to release huge amounts of grain from Ukraine’s ports and ship it to Continue Reading
UK Approves 25% Windfall Tax On Oil And Gas Producers
British lawmakers have officially approved a 25% windfall tax on oil and gas producers that will earn the government nearly $6 billion in one year to put towards surging consumer Continue Reading
Ships Seized in Mariupol
‘This is the first such incident against commercial shipping’. In the Ukrainian Port city of Mariupol, Russian-backed separatists have seized two foreign flagged ships. That’s according to Dryad Global’s latest Continue Reading
Oil Sinks on Demand Concerns as IEA Sees Energy Crisis Enduring
Oil extended losses as a Covid-19 resurgence in China added to concerns about a global economic slowdown, with the International Energy Agency warning the worst of the energy crisis may Continue Reading
Crude oil futures tumble on fresh China COVID-19 curbs, stronger dollar
China announces fresh restrictions amid rising in COVID-19 cases US dollar index hits 20-year high Crude oil futures were lower in mid-morning Asian trade on July 12, as risk aversion Continue Reading
Oil slides on strong dollar and weaker demand outlook
Brent, WTI slide by about $3/bbl Recession fears, China COVID curbs weigh on oil – analysts Dollar strengthens, trading at near parity with euro IEA says Russia oil price cap Continue Reading