The summit of the Group of Seven industrialized countries ended yesterday, Tuesday, June 28, by agreeing to consider setting a ceiling for the price of Russian oil as part of its efforts to pressure Russia and its retreat from the…
Continue ReadingGlobal 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…
Continue ReadingOn rising output, US natgas futures fell 2% to a new 11-week low. On Monday, U.S. natural gas futures fell about 2% to an 11-week low on rising output and lower demand expectations for the next two weeks, owing in…
Continue ReadingOil 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…
Continue ReadingNorway has boosted its production of natural gas at the expense of crude oil, in an effort to secure alternative supplies to compensate European countries for Russian gas, which meets nearly half of the old continent's needs. Europe is the…
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