U.S. Diesel Prices Climb For First Time In Two Months
After an impressive run that saw U.S. diesel prices fall for 62 consecutive days, diesel prices at the pump rose overnight on Tuesday, snapping the longest losing streak in two Continue Reading
Russia’s July oil and gas condensate output rises to 10.76 mln bpd -stats office
Russia’s July oil and gas condensate output was 10.76 million barrels per day (bpd), up from 10.70 million bpd in June, according to data published on Wednesday by the Rosstat Continue Reading
Russia’s Oil Production On Track For First Drop In Four Months
Russian crude oil and condensate production has been 1.9% lower this month compared to July, and if the trend holds, August will be the first month in four in which Continue Reading
Russian oil imports to the UK dry up for first time on record: official data
Highlights Russia was UK’s biggest supplier of refined products in 2021 Saudi Arabia, Netherlands, Belgium, Kuwait filling supply gap Question mark hangs over indirect imports of Russian oil The UK Continue Reading
In isolated Russia, a tale of two economies
Russia’s record employment signals a surprisingly smooth decoupling from the West. Its rapid replacement of McDonald’s and Starbucks says business as usual. Yet pressures are building inside its economic machine. Continue Reading
Germany’s Nordzucker to start sugar season, turns to oil power
Germany’s second largest sugar producer Nordzucker on Thursday said it will start this year’s sugar refining season on Sept. 3 and reported success in converting refinery plants to oil fuel Continue Reading
Rhine Water Level Set to Fall Again at Key German Chokepoint
The Rhine River’s water level at a key waypoint is set to decline in the coming days, curbing the amount of cargo that barges can carry. The measured level at Continue Reading
Energy Crisis Squeezes Smaller Firms That Power Europe’s Economy
Europe’s energy crisis is squeezing the small and midsize firms that form the backbone of the continent’s economy, leading some business owners to curb production or close up shop. Katrien Continue Reading
Brent oil climbs above $100 a barrel amid talk about OPEC cuts
Benchmark Brent oil climbed above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output in response to poor liquidity in the crude Continue Reading
Oil Prices Rise On Major Crude Inventory Draw
The American Petroleum Institute (API) reported a large draw this week for crude oil of 5.632 million barrels, while analysts predicted a draw of 448,000 barrels. The build comes as Continue Reading