The International Monetary Fund joined a growing chorus that’s warning of a risk that Russia will default on debt obligations following its invasion of Ukraine. A Russian default is no Continue Reading
Energy prices have skyrocketed since the beginning of Russia’s assault on Ukraine, and analysts expect them to continue rising. The United States has banned all imports of Russian energy, and Continue Reading
The International Energy Agency (IEA) could release more oil from stocks to ease surging fuel prices and will draw up an action plan to swiftly reduce oil usage, the head Continue Reading
Member states of the International Energy Agency have finalized their contributions to a 60 million barrel oil release announced this week to buoy prices sent soaring by Russia’s invasion of Continue Reading
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
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
OPEC+ will likely stick to modest oil output rises when it meets on Wednesday, officials said, as OPEC heavyweights Saudi Arabia and the United Arab Emirates (UAE) recommit to their Continue Reading
OPEC’s oil production increased last month by the most since July as conflict-torn Libya restored disrupted exports, and others delivered scheduled increases. The Organization of Petroleum Exporting Countries bolstered supplies Continue Reading
The Ukraine crisis could have an unexpected impact on the OPEC+ integrity. The Arab world has thus far not taken a position in the Ukraine crisis. Putin’s strategic moves during Continue Reading
Highlights MBS discusses Ukraine crisis’ energy impact in call with France’s Macron Saudi Arabia keen to maintain stable, balanced oil market, MBS says OPEC ministers have said no need to Continue Reading
