Category : Energy
Venezuela Oil Markets on Reprieve
For the moment, the US government has chosen not to hit the Venezuelan oil sector with the most severe sanctions in spit of the re-election of President Nicolas Maduro as an " imposture. "
Russian gas sales to EU hit record high
European countries boosted imports of Russian gas to unprecedented levels in April with overall supplies in 2018 expected to climb above 200 billion cubic meters for the first time ever, ignoring the impact of strained relations.
Oil closes in on US$72 as US, China reach trade truce
OIL advanced near US$72 a barrel as an economic truce between the United States and China eased fears of a trade war, and before a meeting on crude prices between the ministers of top producers Russia and Saudi Arabia.
US likely to slap tough oil sanctions on Venezuela
Venezuelan President Nicolas Maduro won re-election to another six-year term on Sunday, despite widespread anger over the South American country's crushing economic and social crises.
$100 Oil Is One Explosion Away
Jody Chudley : "If you wake up tomorrow and oil prices have spiked to $100 per barrel, here is what will have happened."
Europe to ditch US dollar in payments for Iranian oil
The European Union is planning to switch payments to the euro for its oil purchases from Iran, eliminating US dollar transactions, a diplomatic source told RIA Novosti.
Get ready for $100 a barrel oil and the conflict it represents
The geopolitical risk premium in oil has driven crude prices to nearly four-year highs and shows no signs of abating.
Gasoline prices could see summer spike, with prices at 4-year highs and record demand
Gasoline prices are expected to reach $3 as a national average for unleaded gasoline this summer, a four year high.
Oil Prices Reach Highest Level Since 2014
Oil prices rose to their highest level since November 2014 faced with geopolitical tensions in the Middle East.
Oil price tops $77 after US withdrawal from Iran deal
The price of crude oil has risen to an almost three-year high, following US President Donald Trump's unilateral decision.