Oil
2022, June, 1, 10:30:00
EUROPE ISN'T WITHOUT COAL
The war in Ukraine has triggered a scramble among some countries to buy more non-Russian fossil fuels and burn coal to cut their reliance on Russian supplies.
2022, June, 1, 10:15:00
INDIA OIL GAS INVESTMENT $4 BLN
India imported 84% of its oil needs and 54% of its gas needs in 2020. After coal (44%), oil represented 44% of the country’s total consumption in 2020, against 6% for natural gas.
2022, May, 31, 13:40:00
OIL PRICE: BRENT NEAR $124, WTI NEAR $119
Brent rose $2.31, or 1.9%, to $123.98 a barrel, WTI crude was trading at $119.34 a barrel.
2022, May, 31, 13:35:00
OPEC OIL PRICE: $120.01
The price of OPEC basket of thirteen crudes stood at $120.01 a barrel on Monday
2022, May, 31, 13:30:00
RUSSIA, TURKEY COOPERATION
Striving to further promote mutually beneficial ties, in part, in energy, transport and tourism, the leaders agreed to hold more meetings.
2022, May, 31, 13:10:00
HUNGARY AGAINST THE BAN OF RUSSIAN OIL
Hungarian Prime Minister Viktor Orban said May 30 he wants a complete exemption from the European Union's plans to ban Russian oil imports
2022, May, 31, 13:05:00
EUROPE BANS RUSSIAN OIL
"The sanctions will immediately impact 75% of Russian oil imports. And by the end of the year, 90% of the Russian oil imported in Europe will be banned," Michel said in a tweet after a summit meeting.
2022, May, 30, 11:45:00
OIL PRICE: BRENT NEAR $120, WTI NEAR $115
Brent was up 47 cents, or 0.4%, at $119.90 a barrel, WTI jumped 72 cents, or 0.6%, to $115.79 a barrel.
2022, May, 30, 11:40:00
OPEC OIL PRICE: $118.84
The price of OPEC basket of thirteen crudes stood at $118.84 a barrel on Friday,
2022, May, 30, 11:35:00
EUROPEAN ENERGY DEADLOCK
The European Union proposed banning seaborne oil from Russia while delaying restrictions on imports from a key pipeline
2022, May, 30, 10:55:00
U.S. RIGS DOWN 1 TO 727
U.S. Rig Count is is down 1 from last week to 727, Canada Rig Count is up 15 from last week to 103.
2022, May, 27, 12:40:00
OIL PRICE: BRENT ABOVE $118, WTI ABOVE $114
Brent was up 58 cents, or 0.5%, at $117.98 , WTI rose 27 cents, or 0.2%, at $114.36 a barrel.
2022, May, 27, 12:35:00
OPEC OIL PRICE: $116.50
The price of OPEC basket of thirteen crudes stood at $116.50 a barrel on Thursday
2022, May, 27, 12:25:00
MORE RUSSIAN OIL FOR CHINA, INDIA
A record volume of Russian oil is on board tankers, with unprecedented amounts heading to India and China as other nations restrict imports because of the war in Ukraine.
2022, May, 27, 12:20:00
RUSSIAN OIL FOR CHINA UP ANEW
China has emerged as a willing buyer of Russian oil as others shun the OPEC+ producer’s energy due to the war in Ukraine.
