Maintenance on a critical pipeline to Europe is an opportunity for the Kremlin to further squeeze the continent. Source:: picture alliance/Getty Images Want the lowdown on European markets? In your Continue Reading
While Germany and France are grappling with record electricity prices amid low gas supply from Russia and low French nuclear power output, the Nordic countries, which rely mostly on hydro Continue Reading
Russia’s agriculture ministry on July 8 set the variable export tax on wheat at Rb5,558.9/mt ($87.88/mt) for the July 13-19 period, as the country’s grains traders welcomed a significant reduction Continue Reading
Crude oil prices surge by 4% overnight US crude stocks rise, refined products fall US diesel, gasoline demand surge to historical highs Crude oil futures were lower in mid-morning Asian Continue Reading
Oil is set for a weekly loss after choppy trading in which concerns over a demand-sapping slump clashed with signals of tight supply. West Texas Intermediate was below $103 a Continue Reading
Oil slipped in volatile trade on Friday and was heading for a weekly decline as concern over a potential recession-driven demand downturn outweighed tight global supplies. Central banks are raising Continue Reading
Oil prices were steady on Thursday after steep losses in the previous two sessions, as investors returned their focus to tight supply even as fears of a global recession persisted. Continue Reading
Since Monday, the national average for a gallon of regular gasoline has decreased by a nickel to $4.75. According to new data from the Energy Information Administration (EIA), gas demand Continue Reading
Iraq’s oil production rose 1% in June from a month earlier, figures from state oil marketer SOMO showed July 7, as the country pumped slightly above its OPEC+ quota. Total Continue Reading
Lawmakers in Iraqi Kurdistan have approved amendments to the semi-autonomous region’s 2007 Oil and Gas Law, adding Cabinet Secretary Omed Sabah to the Oil and Gas Council, one day before Continue Reading
