Asia may be able to incrementally absorb only half the Russian crude volumes displaced as a result of the European Union sanctions taking effect, and the price cap of $60/b may not be able to […]
Authored by Daniel Lacalle, There are many mistakes in the G7 agreement to put a cap on Russian oil. The first one is that it does not hurt Russia at all. The agreed cap, […]
TOKYO, Dec 5 (Reuters) – Japan implemented a price cap on Russian crude oil from Monday, but crude oil imported from the Sakhalin-2 plant will be excluded, the government said in a statement. The decision […]
The global oil market runs the risk of suffering from massive price shocks next week as the European Union’s sanctions on Russia kick into effect, according to a new report in the Economist on Friday. […]
The FT writes, shale pioneer Harold Hamm has hit out at the US’s oil deal with Venezuela, saying it marked a new sign of “desperation” from the administration of Joe Biden as it tries to […]
This policy embodies the US-led West’s concept of the so-called “rules-based order” wherein double standards are arbitrarily applied in order to advance the West’s interests. On the one hand, these countries claim to support free […]
Credit rating agency Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation. As a result, the latest changes are credit negative for oil […]
Saudi Arabia’s Minister of Energy, Prince Abdulaziz bin Salman bin Abdulaziz, announced that Saudi Aramco has discovered two new unconventional natural gas fields in the eastern region, the Saudi Press Agency (SPA) reported this week. […]
1. Oil Analysts Diverge Ahead of OPEC Meeting – OPEC+ will meet this Sunday to discuss its production targets for January 2023, amidst a widening discrepancy between oil market watchers as to what we should be expecting […]
OPEC could make another production cut on Sunday to further support prices, and if they do not, they will likely “insinuate” that cuts are coming in the future, Matthew Smith, Kpler’s lead oil analyst for […]
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