Recession Fears Loom Large Over Bullish Oil Market

The price of gasoline in the US hit an all-time high on Tuesday as the national average spiked $ 0.17 / gallon from last week to $ 4.37 / gallontopping the previous all-time high set March 8. The European Union’s discussion of pulling back from buying Russian oil has sent additional shock waves through an … Read more

Ukraine Reduced Russian Gas Flowing to Europe Through Key Pipeline

Ukraine reduced flows of Russian natural gas through its territory to Europe, sending prices higher amid the continent’s still-precarious reliance on Russian fossil fuels. Within hours, though, enough gas was moving through an alternative route that prices fell back down again, ending essentially flat on the day. The continued flow suggested some gas had been … Read more

The Calm Before The Storm In Oil Markets

The first week of May could have brought us a much-awaited paradigm shift, however the markets still appraise the impact of China’s COVID lockdowns amid the mass-testing taking place in Beijing and the probability of a comprehensive European embargo on Russian oil. With no clear way out for either of those, Brent futures remained range … Read more

Oil prices are rising as Chinese demand begins to rise

Oil price warning: Whether you are new to the oil and gas industry or a senior in the energy market, you will regret not signing up for the Global Energy Alert. Oilprice.com’s premium newsletter provides everything from geographical analysis to business analysis, and everything for less than a cup of coffee a week. Graph of … Read more

Saudi Arabia is leading OPEC’s decision to cancel IEA data as US ties flow

Issues include a review of international demand in February IEA report on energy exchange ranked OPEC + members question the independence of the watchdog DUBAI, April 12 (Reuters) – Saudi Arabia pushes for OPEC + to stop using oil data from Western energy regulators . The Organization of the Petroleum Exporting Countries and its allies, … Read more

Russian oil continues to flow to India and China

It is exactly six weeks since the Russian invasion of Ukraine, but does not foresee the end of one of the greatest existential crises of mankind today. In response to Russia’s unwarranted and unjust war, the United States and the West have beaten the prisoners with a plethora of sanctions, including the latest that was … Read more

Do not blame the big oil for high gasoline prices

The Biden administration’s demand that oil companies rip the United States off the pump while feeding its own pockets culminated in a hearing this week in the House Energy and Commerce Committee, in which CEOs of America’s largest oil companies were grilled about their role in the framework. the price of petrol. While Democrats continued … Read more

Do not blame the big oil for high gasoline prices

The Biden administration’s demand that oil companies rip the United States off the pump while feeding its own pockets culminated in a hearing this week in the House Energy and Commerce Committee, in which CEOs of America’s largest oil companies were grilled about their role in the framework. the price of petrol. While Democrats continued … Read more

Shelter in the Maldives punished the yachts of Russian billionaires

Maldives will not take an active part in yacht confiscation – sources Fear of Russia’s sanctions on tourism – sources “Remote” to think that yachts will be confiscated MALE, April 7 (Reuters) – A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the EU sanctions list on March 9, his superyacht Motor … Read more

Exclusive right: Chinese refinery avoids new Russian oil trade

Smoke spews from chimneys of oil refinery in Nanjing, Jiangsu Province in eastern China, December 28, 2006. REUTERS / Sean Yong Sign up now for FREE unlimited access to Reuters.com Sign up Sinopec, CNOOC, PetroChina, Sinochem avoid new acquisitions Concerns about sanctions keep state-owned companies in check Some independent refining companies continue to import crude … Read more