It has been nine months since the Russian military launched a full-scale invasion of Ukraine. What was supposed to be a quick military operation to overthrow the Ukrainian government has now turned into a protracted war that has claimed tens of thousands of civilian and military lives. Although the war is taking place on Ukrainian …
OPEC and its allies, including Russia, said on Sunday they would leave their oil production quotas unchanged. The group, known as OPEC Plus, appeared to have decided on a conference call that there was no reason to change policy amid widespread uncertainty in the oil market. On Monday, the European Union will launch an embargo …
Amid oil market, OPEC and Russia leave output unchanged Read More »
OPEC and its allies, including Russia, said on Sunday they would leave their oil production quotas unchanged. The group, known as OPEC Plus, appeared to have decided on a conference call that there was no reason to change policy amid widespread uncertainty in the oil market. On Monday, the European Union will launch an embargo …
Amid oil market, OPEC and Russia leave output unchanged Read More »
London CNN Business — The European Union reached a consensus on the price at which to cap Russian oil just days before its ban on most imports took effect. News of the deal, which had required the approval of recalcitrant Poland, was confirmed on Twitter by European Commission President Ursula von der Leyen, marking a …
Europe agrees to cap Russian oil price at $60 a barrel | CNN Business Read More »
London CNN Business — The European Union reached a consensus on the price at which to cap Russian oil just days before its ban on most imports took effect. News of the deal, which had required the approval of recalcitrant Poland, was confirmed on Twitter by European Commission President Ursula von der Leyen, marking a …
Europe agrees to cap Russian oil price at $60 a barrel | CNN Business Read More »
Oil officials from OPEC and Russia will meet on Sunday to review production levels, just hours before the European Union begins an embargo on Russian oil and the Group of 7 industrialized nations and their allies impose a price cap on Kremlin crude. With so much uncertainty, the group, known as OPEC Plus, may choose …
OPEC and Russia to meet as global forces weigh on oil market Read More »
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will meet on Sunday to decide the next phase of production policy. Bloomberg | Bloomberg | Getty Images OPEC and non-OPEC oil producers could impose deeper oil production cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact …
OPEC+ mulls further oil production cuts ahead of Russia sanctions and proposed price cap Read More »
European oil sanctions are due to come into force on December 5. The idea is to reduce Russia’s oil revenues given its war in Ukraine. Andrei Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil could be “really disruptive” for energy markets if European countries fail to set a cap on prices, analysts …
Press play to listen to this article Expressed by artificial intelligence. BERLIN – It’s cold in Europe, the economy is collapsing and the natives are restless. There is only one answer: Blame America. Pointing across the Atlantic has long been a favorite diversionary tactic of European political elites when things start to get dicey on …
The next few days will be one of the most crucial for the oil market in weeks, as several events and factors at the same time could determine the price trend by the end of this year and beyond. As China’s zero-Covid policy and protests against it weigh negatively on market sentiment, the OPEC+ meeting …
Next week will be critical for oil markets | OilPrice.com Read More »
