(Bloomberg) — The state-run oil champion led by a close ally of President Vladimir Putin has seen the largest drop in production since the invasion of Ukraine. Rosneft PJSC, whose Chief Executive Officer Igor Sechin […]
China kept buying more energy from Russia, with purchases of oil, gas and coal jumping 75% in April to over $6 billion, even as domestic demand slowed due to a resurgent virus and the US […]
A growing number of economists are warning that a recession could be on the horizon. A recession will surely impact oil demand, but it could just weaken its growth, not lead to an annual decline […]
Russian oil producers are starting to book up an increasing number of tankers owned by the nation’s state tanker company, boosting demand for a fleet that fell from international favor after the invasion of Ukraine. […]
(Bloomberg) — Abu Dhabi National Oil Co. plans to build a new liquefied natural gas plant as the world’s producers race to expand their exports amid surging demand. The LNG facility, to be built at […]
(Bloomberg) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a profit center. In the past three […]
(Bloomberg) — Two months after negotiators left Vienna, expectations are fading that Iran nuclear talks will resume, leaving the world with the remains of an agreement no one’s willing to pronounce dead. A media tent […]
(Bloomberg) — Russia’s oil revenues are up 50% this year even as trade restrictions following the invasion of Ukraine spurred many refiners to shun its supplies, the International Energy Agency said. Moscow earned roughly $20 […]
ENB Publishers Note: The data we have been working on for the last 6 months indicates spikes of $185 oil price, but the long term in 2022 and 2023 look to be consistently at the […]
Central bank tightening and slowing growth loom as larger long-term threats for equities, according to strategists on both sides of the Atlantic. Tensions in Ukraine have markets on edge. Stocks are swinging, oil is closing […]
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