Oil prices rebounded sharply on Monday as the EU is considering further sanctions against Russia, potentially including energy imports, due to war crimes in Ukraine. Hence, Brent crude soared by $3.14, or 3%, to settle at $107.53 a barrel. U.S. WTI crude surged by $4.01, or 4%, to settle at $103.28 a barrel.
read more... 05/04/2022
The head of Latvia’s natural gas storage operator said Saturday (2 April) the Baltic states were no longer importing Russian gas, a decision made in reaction to the Kremlin’s decision to invade Ukraine.
read more... 04/04/2022
Crude oil prices strengthened on Wednesday, amid resurging concerns over global supply of black gold due to doubts over any immediate diplomatic solution to the conflict in Ukraine. Hence, Brent oil rose by 2.9% to $113.45 a barrel and WTI crude surged by 3.4% to $107.82 a barrel.
read more... 31/03/2022
The war in Ukraine has focused attention on liquefied gas (LNG) to replace Russian supplies coming via pipeline. Germany, France and Italy are all planning to rent or acquire special floating terminals in order to increase import capacity.
read more... 31/03/2022
Oil prices retreated on Tuesday as talks between Russia and Ukraine to end their weeks-long conflict progressed, though Moscow negotiators said a promise to scale back some military operations did not constitute a ceasefire. New lockdowns in China put additional pressure on oil prices. Hence, Brent crude declined by 2%, to settle at $110.23 a barrel. US WTI crude decreased by 1.6%, to close at $104.24 a barrel.
read more... 30/03/2022