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15 July
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China quickly removes Covid restrictions
Severe Covid-19 restrictions in China have had a strong impact on the country's economy by reducing demand for oil and its derivatives in particular. China has already lifted its restrictive Covid Zero policy, and the only question is how quickly it’ll recover.
23 December 2022
The energy crisis in Europe is just beggining
Even though Europe has filled its gas storage ahead of the winter of 2023, its energy crisis is far from over. The situation in Europe could get even worse next winter.
23 December 2022
Novak: Western embargo on Russian oil imports will push up energy prices
In an interview with Russia-24TV Channel, Deputy Prime Minister Alexander Novak spoke about the possible rise in the cost of oil in Europe. Such forecast sounded in connection with a complete ban on the supply of Russian oil products.
23 December 2022
Middle East to diversify economies away from oil
Saudi Arabia and other Gulf countries have backed the energy transition. These governments are now making significant investments in renewable energy.
23 December 2022
India's oil and gas demand could disappoint in 2023
In many ways, global energy demand is boosted by India, which economic growth could be compared with the Chinese one. It positively affects the gas and oil market’s sentiment. However, the situation may change.
23 December 2022
Novak: oil price expected to be between $70 and $100 per barrel in 2023
According to the forecast of Deputy Prime Minister Alexander Novak, next year the price of oil will take a range between $70 and $100 per barrel.
23 December 2022
US sees increase in oil and natural gas rigs
According to data from Baker Hughes, the oil and gas rig count rose to 779 in the US.
23 December 2022
Gasoline in the U.S. has fallen in price ahead of Christmas
The average price per gallon of gasoline in the U.S. dropped Thursday in the run-up to the Christmas holiday. Fuel prices, so far, are down 19 cents from a year ago.
23 December 2022
The UK grid to pay a record amount to provide electricity in the country
The UK's power grid is facing record costs to provide citizens with electricity. The grid must balance supply and demand at times when markets are being pressured.
23 December 2022
EU finally reached an agreement on the implementation of a floating gas price cap
The Council of the European Union announced the final decision to create a temporary mechanism for regulating the gas market in the region with an indefinite price cap.
23 December 2022
