Canadian Energy Marketers Association June 2022 Report Learn relevant fuel trends at the national and local level for Canadian businesses From industry events to market data, find out what’s happening in Canadian energy markets in CEMA’s June 2022 report. Click here to read more from CEMA. Nigeria’s Barkindo, OPEC leader and oil diplomat, dies at […]
Summary by Alan Apthorp Price cap on Russian oil could shake up the market Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, […]
Drone crashes into Russian oil refinery in possible attack Dramatic footage has emerged from Russia of what appears to be a drone crashing into an oil refinery and setting off a fiery explosion in what could be an attack inside Russia’s borders. Video shared on social media showed the unmanned aerial vehicle crashing into the […]
Summary by Noah Young Oil prices advance despite U.S. inventory rise Oil prices rose on Wednesday, despite a likely rise in U.S. oil stocks, on the easing of Chinese COVID-19 related lockdowns and a possible strike by Norwegian oil workers. Brent crude futures were up $1.19, or 1%, at $121.76 a barrel at 1325 GMT. […]
Oil prices jump after EU leaders agree to ban most Russian crude imports Oil prices surged on Tuesday after EU leaders reached an agreement to ban 90% of Russian crude by the end of the year. However, prices reversed course around 2 p.m. ET Tuesday following a report from The Wall Street Journal that OPEC is considering […]
Oil edges higher on tight supply and expected demand uplift Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the summer driving season in the United States, the world’s biggest crude consumer. Brent crude futures for July rose for a fifth session running, gaining 70 cents, or 0.6%, […]
India Wants To Buy Russian Oil, At Below $70 A Barrel The world’s third-largest oil importer, India, is negotiating steep discounts for the Russian oil it is prepared to buy, asking for below $70 per barrel price to compensate for logistics, financing, and sanctions troubles for buying crude that is now toxic for most of […]
Even $100 Oil Isn’t Tempting Energy-Focused Private Equity Fund Despite the highest oil prices in nearly eight years, investors in the secondary market haven’t yet shown an increased appetite for buying interests in energy-focused private equity funds. ESG concerns and the volatile nature of energy prices, especially in the past two years, have had secondary […]
Oil prices fall after truce in Middle East conflict, petroleum reserve news Oil prices fell at the start of Asian trade on Sunday, after the United Arab Emirates and the Iran-aligned Houthi group welcomed a truce that would halt military operations on the Saudi-Yemeni border, alleviating some concerns about potential supply issues. The early losses […]
Putin should think about the consequences of asking for energy payments in rubles, Germany says Germany has some advice for Russian President Vladimir Putin: think about the consequences of asking for energy payments in rubles. Russia’s Putin said last week that “unfriendly” nations would be asked to pay for their natural gas in rubles — […]
