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By (Mrs) Amb Narinder Chauhan The Ukraine War has forced a radical rethink in the European Union’s (EU) energy supply architecture. The EU’s current U-turn on Russian energy is historic. Russia has been traditionally a key energy supplier to the EU. In 2021, Russia supplied the EU’s 40% of natural gas demand, 30% of crude … Read More “The geopolitics of oil and gas in Europe” »
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By Jigar Trivedi WTI Crude oil futures saw the first weekly decline in eight, culminating in a loss of almost 9%, pressured by the recent wave of aggressive rate hikes around the world and mounting recession woes. Increasing production from the US also roiled markets. US crude oil production rose to 12 million barrels per … Read More “Crude oil forecast: MCX Crude June futures may fall to Rs 8,350/bbl this week; investors asses supply concerns” »
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Crude oil prices have risen sharply in the last few months amid declining Russian exports and cuts in demand in China. Brent Crude and WTI crude oil futures traded above $ 120 a barrel on Thursday morning and could rise further, analysts at Goldman Sachs said. On the demand side, analysts believe that the weak … Read More “Crude oil prices could hit $ 135 per barrel. barrel for the next 12 months, says Goldman Sachs oil shortage unresolved” »
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The group has finally bowed to months of pressure from large consumers to help alleviate the pain of high energy prices. By Salma El Wardany and Ben Bartenstein and Grant SmithBloomberg Published June 2, 2022June 2, 2022 OPEC + will increase the size of its oil supply increases by about 50%, bowing to months of … Read More “OPEC + agrees on major oil production increases in coming months | OPEC news” »
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By Joseph Thomas Brent remains in a wide range between US $ 95 and US $ 115, and the likelihood of oil prices remaining high is high, primarily due to the Russian invasion of Ukraine and related developments. The core value that the price has shown a tendency to converge towards is $ 100. While … Read More “Crude oil prices remain high in the short term, but declining global demand does not hold much hope” »
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Commodities Global oil prices ease on weaker economic data from China, Japan Wednesday April 13 2022 By REUTERSMore by this Author Summary Oil prices eased on Wednesday, giving up earlier gains, after China and Japan reported weak economic data, fueling concerns about growth and oil demand in the world’s top consumers. Brent crude futures were … Read More “Global oil prices ease on weaker economic data from China, Japan” »
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Commodities Oil rises as Shanghai ease Covid curbs, OPEC warns of tight supply Tuesday April 12 2022 By REUTERSMore by this Author Summary Oil prices climbed on Tuesday on easing concerns about demand in China after Shanghai relaxed some COVID-19-related restrictions and OPEC warned it would be impossible to increase output enough to offset lost … Read More “Oil rises as Shanghai ease Covid curbs, OPEC warns of tight supply” »
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By Bhavik Patel After falling from $ 116 to $ 95 per barrel, WTI has settled. Fears of Russian supply disruptions were temporarily put on the back burner by the coordinated inventory release by several countries and by extension of Covid lockdown in China. IEA is set to release 60 million barrels of strategic stocks … Read More “Crude oil prices to swing between $ 90-110; US Fed may hike interest rates by 50bps, analyst say sell on rise” »
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The relationship with Moscow has been significant both economically and politically for the group as a whole, but especially for key members Saudi Arabia and the United Arab Emirates. Town Grant Smith and Salma El WardanyBloomberg Published On 31 Mar 202231 Mar 2022 OPEC and its allies stood back from the crisis engulfing oil markets, … Read More “OPEC + refuses to heed consumers’ call for more oil | OPEC News” »