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
The Group of Seven (G7) industrialised nations has agreed with Vietnam to fund the Southeast Asian country's transition away from coal with $15.5 billion, two Western sources told Reuters on Wednesday.
read more... 14/12/2022
Crude oil prices increased on Wednesday amid expectations of rising demand and falling crude oil inventories in key consuming nations. Brent crude rose by 2.8% to settle at $85.43 a barrel. U.S. WTI crude traded 3% higher at $80.55 a barrel, following the largest decline in US crude inventories in three years.
read more... 01/12/2022
Oil prices were volatile on Tuesday, due to uncertainty about the level of a price cap on Russian oil. Consequently, Brent crude slipped 0.1% to $83.03 a barrel. However, WTI oil traded 1.2% higher at $78.20 a barrel amid rising demand and decreasing crude oil inventories in key consuming nations.
read more... 30/11/2022
Crude oil prices fell on Friday due to increased concerns about weaker demand and uncertainty over a potential cap by Western nations on Russian crude oil prices. Thus, Brent crude plummeted by 2% to settle at $83.63 a barrel. WTI crude lost 2.3% to close at $76.28 a barrel.
read more... 28/11/2022