Crude oil prices rebounded on Wednesday as concerns over rising Russian output and exports as well as recession fears were outweighed by a steeper-than-expected drawdown in U.S. crude stocks. Hence, Brent crude rose by $1.31, or 1.4%, to settle at $93.65 per barrel. U.S. WTI crude increased by $1.58, or 1.8%, to close at $88.11 per barrel.
read more... 18/08/2022
Higher oil export volumes, coupled with rising gas prices, will boost Russia's earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters.
read more... 18/08/2022
Russian state gas company Gazprom said on Tuesday that European gas prices could spike by 60% to more than $4,000 per 1,000 cubic metres this winter, as the company's own export and production continues to fall amid Western sanctions.
read more... 17/08/2022
Sweden overtook France as Europe's largest net power exporter in the first half of 2022, as deep-rooted problems reduced French nuclear availability to historic lows, Energy analysts EnAppSys said on Wednesday.
read more... 11/08/2022
Russian natural gas supplies to Latvia resumed on Aug. 5, a week after they were halted by Russian exporter Gazprom, data from transmission system operator Conexus Baltic Grid (CBG) showed.
read more... 10/08/2022