As European gas prices soar and governments worry about their effect on a spiralling cost of living, Russia on Wednesday offered what it said could be a swift solution: rapid certification of its recently completed Nord Stream 2 pipeline that…
Continue ReadingHeadlines: OPEC+ on Monday stuck to plan for gradual supply hikes U.S. crude stocks rise 951,000 barrels according to API - report Coming Up: EIA supply report, 1430 GMT Oil hit a multi-year high on Wednesday above $83 a…
Continue ReadingOPEC+ The ministers of the Organization of Petroleum Exporting Countries "OPEC" and its allies from abroad, led by Russia, in what is known as the OPEC + alliance, will meet today, Monday, to review the policy of oil production during…
Continue ReadingQatar Petroleum has signed a long-term sale and purchase agreement with CNOOC Gas and Energy Trading and Marketing Co., Ltd., a subsidiary of China National Offshore Oil Corporation (CNOOC). Under the agreement, 3.5 million tons per year of LNG will…
Continue ReadingOil prices rose, during trading today, Wednesday, and Brent crude jumped above $ 75, affected by data issued by the American Petroleum Institute indicating a significant decrease in US oil inventories. Oil prices rose by more than a dollar to…
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