The European Union is holding a high-level dialogue meeting with OPEC on Monday, as the EU is looking at ways to step up sanctions against Russia, including by an oil embargo. The meeting, being held […]
Proponents of fossil fuel production hit back against efforts to tackle the climate crisis by urgently phasing out the burning of hydrocarbons, as the Russian invasion of Ukraine severely disrupts energy supplies. A series of […]
Russia’s invasion of Ukraine has sent oil prices soaring and could soon deprive oil markets of more than four million barrels of Russian oil. For decades, OPEC has been looked to in times of crisis […]
DUBAI (Reuters) – Saudi Arabia’s crown prince says he simply doesn’t care whether Joe Biden misunderstands him. The prince is instead looking to his oil power to deliver his goals, according to sources familiar with […]
‘Plenty of twists and turns to come,’ says Vitol’s Muller Vitol’s views echo those of Wall Street banks such as Goldman Global oil markets could tighten even more with Russian flows being disrupted and producers […]
This year will mark the 25th anniversary of the St Petersburg International Economic Forum, a gathering that is normally held in a village-like enclosure in this imperial city that is incidentally also the birthplace of […]
Global oil supply rose by 560 kb/d to 98.7 mb/d in January, but the uptrend was slowed by a chronic OPEC+ under-performance versus targets that has taken 300 mb of oil off the market since […]
Oil consumption could surge more than previously expected and reach record levels this year, a global energy watchdog said, as restrictions to combat the coronavirus ease faster than anticipated, global economic growth mounts and pent-up […]
The two-year Covid crisis put many markets on a wild ride—just look at U.S. Treasuries—but few have had a crazier time than crude oil: from total collapse in 2020 to the brink of $100 a barrel […]
Toril Bosoni, head of the International Energy Agency’s markets and industry division, says oil prices could climb further because of the OPEC+ coalition’s “chronic” struggle to revive production. “It’s not in the interest of consumers, but […]
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