Crude oil prices continued to decline on Thursday, weighed by concerns that China’s demand will remain sluggish as the world’s biggest crude importer struggles with soaring Covid infections at a time of easing coronavirus restrictions. Hence, Brent crude fell by 1.2%, to settle at $82.26 a barrel. U.S. West Texas Intermediate crude settled at $78.40 per barrel, down by 0.7%.
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
The Nordic region’s shrinking power surplus means it could switch from being a net exporter to a net importer between 2025-2027 in certain weather conditions, said Swedish TSO Svenska Kraftnat (SvK).
read more... 22/12/2022
The export arm of Russia's Gazprom (GAZP.MM) on Wednesday denied it was in breach of contract regarding gas supplies to Germany's Uniper (UN01.DE) , after Uniper launched arbitration proceedings in a bid to claim back billions of extra costs over undelivered gas supplies.
read more... 01/12/2022
President Vladimir Putin's plan to make Turkey a hub for Russian gas in theory could allow Moscow to mask its exports with fuel from other sources, but that might not be enough to persuade Europeans to buy, analysts and sources said.
read more... 01/12/2022