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Russian oil cost rises as G-7 summit prepares to cap prices

• 29 June, 2022
• 2:52 pm EEST

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…

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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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On rising output, US natgas futures fell 2% to a new 11-week low.

• 27 June, 2022
• 5:40 pm EEST

On 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…

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Gold prices rise amid moves to ban Russian exports

• 27 June, 2022
• 2:24 pm EEST

Gold prices rose more than 9 dollars, during trading today, Monday, June 27, 2022; News of some Western countries' plans to formally ban imports of the metal from Russia due to its invasion of Ukraine sparked interest in the precious…

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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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