2022-03-22 12:40:00
RUSSIAN OIL FOR EUROPE
BLOOMBERG - March, 22, 2022 - Germany and Hungary are putting the brakes on a potential EU embargo on Russian oil, deepening differences in the bloc over how to further punish Moscow for its relentless attacks on Ukraine. Speaking outside the meeting of EU foreign ministers yesterday, Lithuanian envoy Gabrielius Landsbergis said it was “unavoidable” to start discussing an oil embargo because it’s Russia's biggest source of revenue. But Germany’s Annalena Baerbock stressed member states have different dependencies, making it difficult to cut it off from one day to the next. Her Hungarian counterpart Peter Szijjarto said “sanctioning energy is definitely a red line for us.” Russia warned that such a move would hit Europeans hard. The comments come ahead of gatherings of U.S. and EU leaders this week, where more sanctions are likely to be discussed. EU leaders are also expected to talk about how to curb soaring power and gas prices.
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Earlier:
2022, March, 18, 11:50:00
OIL PRICE: NEAR $108
Brent rose 82 cents, or 0.8%, to $107.46 a barrel, WTI climbed $1.14, or 1.1%, to $104.12 a barrel.
2022, March, 17, 16:50:00
OIL PRICES: $100 AND HIGHER
The price for WTI, the U.S. benchmark, will average $113/b in March and $112/b for the second quarter of 2022.
2022, March, 16, 12:15:00
GLOBAL OIL DEMAND 2022: +4.2 MBD
The 2022 forecast for global oil demand growth remains under assessment at 4.2 mb/d, with OECD forecast at 1.9 mb/d and non-OECD at 2.3 mb/d.
2022, March, 15, 15:20:00
RUSSIA IS A KEY
In 2021, Russia was the largest natural gas-exporting country in the world, the second-largest crude oil and condensates-exporting country after Saudi Arabia, and the third-largest coal-exporting country behind Indonesia and Australia.
2022, March, 15, 15:10:00
RUSSIA NEED INDIAN INVESTMENT
"Russia's oil and petroleum product exports to India have approached $1 billion, and there are clear opportunities to increase this figure," said Russia's Deputy Prime Minister Alexander Novak, according to a statement shared by Russia's embassy in India late on Friday.
2022, March, 14, 11:50:00
RUSSIA GUARANTEES ENERGY SECURITY
"Russia remains a reliable supplier, a world-class guarantor of energy security. We value this reputation, but are ready for a harsh confrontation in the energy sector, if the need arises,"
2022, March, 9, 13:35:00
RUSSIAN OIL & EARNINGS UP
Despite the high discount on Russia's Ural oil premium and sanctions .It seems that the rise in oil prices will eventually lead to the growth of Russia's foreign exchange earnings in 2022 and the improvement of its foreign exchange reserves, which is contrary to the goals of Western sanctions and USA.
