Oil prices were bullish on Friday to end a volatile 2022, as Russia's war in Ukraine shook global markets, boosted global inflation, and fueled recession fears despite most economies emerging from coronavirus lockdowns. Consequently, Brent crude increased by 4.4% to $85.91 a barrel and WTI oil rose by 2.3% to $80.26 a barrel.
read more... 02/01/2023
Britain said on Monday its 75-million-pound ($90.5 million) fund aimed at helping boost domestic production of nuclear fuel for power plants and cutting reliance on Russian uranium supplies was now open for applications.
read more... 02/01/2023
Germany halted imports of Russian oil via pipeline on January 1, following through on a previous pledge to stop buying Russian pipeline crude despite the fact that the EU embargo exempts pipeline flows from Russia to Europe.
read more... 02/01/2023
Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate minister said on Thursday, with the country having cut its intake of Russian crude and secured alternative supplies from producers such as Saudi Arabia.
read more... 30/12/2022
President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that abide by the cap.
read more... 28/12/2022