Latest news
Oil prices continue rise as Opec meeting looms
Oil prices continued their rise from gains seen in the prior session on Tuesday as expectations grew of a large cut to Opec production, with the cartel due to meet tomorrow.
read more... 04/10/2022
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APPEC Russian oil diversion post-EU sanctions to raise shipping hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be diverted to markets outside Europe and advanced economies when European Union sanctions take effect in the coming months, Vitol executives said.
read more... 27/09/2022
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OPEC sticks to upbeat view on oil demand growth in 2022, 2023
OPEC on Tuesday stuck to its forecasts for robust global oil demand growth in 2022 and 2023 citing signs that major economies were faring better than expected despite headwinds such as surging inflation.
read more... 14/09/2022
Germany introduces steps to boost renewable energy expansion
Germany's government will introduce further measures to promote the expansion of renewable energy, including a new solar power tender and improving biogas plant regulations, a draft law showed on Tuesday, as Berlin seeks alternatives for Russian gas.
read more... 07/09/2022
G7 Agrees On Oil Price Cap As Moscow Threatens To Halt Gas Supply To Europe
The G7 group of the most industrialized nations agreed on Friday to finalize and implement a price cap on Russian oil, aiming to reduce Vladimir Putin’s oil revenues for his war chest.
read more... 05/09/2022