Category archives for oil

Global energy consumption will exceed pre-corona levels in 2021

  • 28 June, 2022
  • 4:08 pm EEST

Global energy consumption increased by 5.8% over the past year (2021), to exceed pre-corona epidemic levels, with the recovery of economic activity. The annual statistical review issued by the British oil company BP, which was seen by the Energy Research…

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Oil prices rise 4%, and Brent crude is above $113

  • 24 June, 2022
  • 6:11 pm EEST

Oil Prices Rise 4%, And Brent Crude Is Above $113 Oil prices rose about 4% on Friday, June 24, supported by a supply shortage, although crude is heading for a second weekly decline amid concerns that higher interest rates could…

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Oil prices are down 5%, and Brent crude is below $110

  • 22 June, 2022
  • 2:44 pm EEST

Oil prices are down 5%, and Brent crude is below $110 Oil prices fell, about 5%, during trading today, Wednesday, June 22, 2022, amid US President Joe Biden's effort to reduce high fuel costs. The White House is putting pressure…

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China’s imports of Russian oil jump 55% in May

  • 20 June, 2022
  • 5:48 pm EEST

China's imports of Russian oil jumped 55% last May, displacing Saudi Arabia from the first place among crude suppliers to Beijing, 19 months after Riyadh topped the list. China's General Customs Administration data indicated today, Monday, June 20, that Russian…

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Oil prices are rising… and Brent crude is above $120

  • 17 June, 2022
  • 2:21 pm EEST

Oil prices rose today, Friday, June 17, 2022, with continued supply tightening and new US sanctions to limit Iranian oil exports. Crude prices had started trading lower, with concerns about demand emerging in the wake of US interest rate increases.…

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