Russian President Vladimir Putin said on Thursday that Russian companies will not block off their oil wells despite the West’s efforts to lessen its dependence on energy supplies from Moscow. The United States introduced its embargo on Russian imports in March just days after Moscow sent its troops into Ukraine, while the European Union agreed…
Putin Says Russia Will Not Mothball Oil Wells Despite West’s Import Ban
June 10, 2022
admin
Business & Marketscommoditiescrisiseconomic policieseconomyEuropeMarketsOilRussiaRussia-Ukraine WarUkraineVladimir PutinwellsWorld
0 Comment
Russian Gas Deliveries to Europe via Main Routes Remain Steady
Russian gas delivery to Europe via the Nord Stream 1 pipeline across the Baltic Sea and through Ukraine remained stable on Friday morning, while eastbound flows rose along the Yamal-Europe pipeline to Poland from Germany, operator data showed. Flows to Germany through the Nord Stream 1 were at 62,085,568 kWh/h on Friday morning, similar to…
Nationwide Gas Prices ‘Surge’ Again, Hit Key Milestone for ‘First Time Ever’: GasBuddy
June 10, 2022
admin
Business & Marketscommoditieseconomic policieseconomyExecutive BranchGasGasBuddyinflationMarketsPolicies & ImpactsPoliticsUSUS News
0 Comment
The average price for a gallon of regular gasoline reached $5, according to fuel analyst GasBuddy. In a news release on Thursday, GasBuddy noted that it’s the “first time ever” that U.S.-wide gas prices hit $5 per gallon. “Gas prices have surged in recent weeks as U.S. gasoline inventories have fallen over 25 million barrels,…
Oil Prices on Track for Weekly Gain Amid High US Demand
LONDON—Oil rose on Friday and was on track for another weekly gain supported by solid fuel demand in the United States, although fresh COVID-19 alerts in Shanghai and Beijing curbed gains. Brent crude was up 40 cents, or 0.3 percent, at $123.47 a barrel at 0934 GMT while U.S. West Texas Intermediate crude rose 30…
World Shares Slip After Rate Jitters Pull Wall Street Lower
BANGKOK—Shares were mostly lower in Europe and Asia on Friday ahead of the release of key U.S. consumer inflation data, while U.S. futures were little changed. The latest report on the U.S. consumer price index was due later in the day. Economists expect it to show inflation slowed a touch to 8.2 percent in May…
South Korean Production and Shipping Disrupted as Truckers Strike for 3rd Day
SEOUL—Thousands of South Korean truckers went on strike for a third day on Thursday to protest the sharp surge in fuel costs, disrupting production, slowing activity at ports, and posing new risks to a strained global supply chain. Presenting new President Yoon Suk-yeol with one of his first big economic challenges, about 7,200 members or…
Investment Banks Raise Oil Price Forecasts, Bank of America Targets $140 Barrel
Multiple investment banks have raised their crude oil price forecasts for the year, indicating a delayed respite from high prices. Bank of America analyst Paul Ciana pointed out in a note that West Texas Intermediate (WTI) oil has been trending bullish of late, suggesting that prices might move higher. WTI oil rose to $130 per…
Oil Sticks Near Three-Month Highs Despite China Lockdowns
SINGAPORE—Oil prices hovered near three-month highs on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures. Brent crude futures for August dipped 9 cents to $123.49 a barrel at 0853 GMT, while U.S. West Texas Intermediate crude for July was at $121.89 a barrel, down 22 cents. Both benchmarks closed on Wednesday at their…
Global Shares Fall Amid Worries About Inflation, Oil Prices
TOKYO—Global shares were mostly lower Thursday as investors watched for fresh signs of inflation, including soaring crude oil prices. European shares declined in early trading. France’s CAC 40 slipped 0.7 percent in early trading to 6,404.59, while Germany’s DAX dropped 0.9 percent to 14,309.79. Britain’s FTSE 100 fell 0.7 percent to 7,543.28. The future for…
Bulk of US LNG Exports Are Now Being Sent to Europe
June 8, 2022
admin
Business & MarketscommoditieseconomyEU marketEuropeMarketsNatural gasRussia-Ukraine WarUSUS EnergyWorld
0 Comment
The United States sent nearly three quarters or 74 percent of its liquefied natural gas exports to Europe from January to April, triple the 2021 average, according to the U.S. Energy Information Administration on June 8. American LNG supplies now make up nearly half of Europe’s liquefied natural gas imports, at 11.5 billion cubic feet per…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`