LONDON—Oil prices slipped in volatile trading on Tuesday as investors weighed demand concerns against tight global supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a COVID-19 shutdown. Brent crude was down $1.41, or 1.2 percent, to $111.75 a barrel at 1028 GMT, after rising more than $1 to…
New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper
April 18, 2022
admin
bankBusiness & Economyeconomic policieseconomyEUEuropeMarketsOilRussiaRussia-Ukraine WarsanctionsSberbankUrsula von der LeyenWorld
0 Comment
The European Union’s forthcoming sanctions on Russia will target banks, in particular, Sberbank, as well as oil, the head of the European Commission Ursula von der Leyen, told a German newspaper. Bild am Sonntag, in an interview published on Sunday, asked her to name the key points of a planned sixth round of sanctions. “We…
Oil Slips on China Demand Fears, Supply Worries Limit Losses
TOKYO/LONDON—Oil edged lower on Monday pressured by worries over slowing demand in China, although concern over tight global supply and the deepening Ukraine crisis kept Brent crude above $111 a barrel. China’s economy slowed in March as consumption, real estate, and exports were hit, taking the shine off faster-than-expected first-quarter growth numbers and worsening an…
US Oil Drilling, Output Moving Higher With Energy Prices
U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as U.S. prices stay above $100 per barrel, propelled by Russia’s invasion of Ukraine. Prices are…
What Camber Energy Investors Should Watch for as Volatility Increases
April 15, 2022
admin
Business & EconomyCamber EnergyCompanieseconomic policieseconomyenergyEuropeInternationalMarketsOilRussiaRussia-Ukraine WarstockstocksUkraineWorld
0 Comment
Camber Energy Inc. was trading slightly higher in the premarket on Thursday after soaring almost 20 percent intraday on Wednesday amid a spike in crude oil prices. The energy sector has seen increased volatility following Russia’s invasion of Ukraine, as traders and investors attempt to weigh the effect the conflict will have on global oil…
Environmentalists Would Ban Urban Car Use and Internal Flights in Europe to End Russian Energy Imports
April 14, 2022
admin
Business & Economycommoditieseconomic policieseconomyenergyEnvironmentEuropeflightsinflationInternationalMarketsOilRussiaRussia-Ukraine WarScienceWorld
0 Comment
A March report from the environmentalist group RePlanet is pushing for an immediate halt to imports of Russian oil, natural gas, and coal by European countries, arguing that major policy shifts could rapidly end that dependence. While the European Union has pledged to phase out Russian fossil fuel imports by 2027, the RePlanet campaigners aim to…
Oil Prices Fall as Market Weighs Mixed Supply Signals
LONDON -Oil prices slipped on Thursday in thin trade ahead of a public holiday, as traders weighed a larger-than-expected build in U.S. oil stocks against tightening global supply. Brent futures were down $1.52, or 1.4 percent, at $107.26 a barrel, while U.S. West Texas Intermediate futures were off $1.38 or 1.3 percent, at $102.87 a…
IEA Marginally Cuts Global Oil Demand Forecast on Mired Outlook Due to China COVID-19 Lockdown, Russia-Ukraine War: FT
April 14, 2022
admin
Business & EconomyBusinesses in COVID-19CCP VirusCompaniesCOVIDeconomic policieseconomyEuropeforecastIEAInternationalInternational Energy AgencyMarketsOilRussiaRussia-Ukraine WarUkraineUSUS NewsWorld
0 Comment
The International Energy Agency (IEA) has lowered its global oil demand forecast amid surging coronavirus cases in China and weaker than expected demand in the U.S. and other developed countries. According to the Financial Times report, The agency now expects demand to average 99.4 million barrels a day this year, down from its previous estimate…
The ‘Petroyuan’ Will Not Replace the Petrodollar in Oil Trading
April 13, 2022
admin
Business & EconomyBusiness ColumnistsChinaChina Business & EconomyOilOpinionpetrodollarSaudi ArabiaThinking About ChinaUS-China relations
0 Comment
News Analysis Beijing has been pushing to replace the petrodollar with the “petroyuan” in its oil trade with Saudi Arabia, but it is unlikely to happen. Saudi Arabia exports $145 billion worth of oil per year, making it the world’s largest exporter. China buys $204 billion, qualifying it as the world’s largest buyer. Currently, Saudi…
Oil Prices Extend Gains With Falling Supplies in Focus
LONDON—Oil prices rose by more than 2 percent on Wednesday after Moscow said that peace talks with Ukraine had hit a dead end, fuelling supply worries, while weak economic data from China and Japan kept a lid on gains. Brent crude rose by $2.26, or 2.2 percent, to $106.90 a barrel by 1126 GMT while…
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`