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New Russian Sanctions Spark Metal Market Volatility

New Russian Sanctions Spark Metal Market Volatility

Sanctions on Russian copper, aluminum,…

3 Oil & Gas Stocks Most Sensitive To Oil Price Swings

3 Oil & Gas Stocks Most Sensitive To Oil Price Swings

Apache, Marathon Oil Corp. and…

News

Ukraine Could Shut Europe’s Largest Nuclear Power Plant If It Loses Control

Ukraine Could Shut Europe’s Largest Nuclear Power Plant If It Loses Control

Jun 03, 2022 at 09:15 | Charles Kennedy

If Ukraine loses operational control at Zaporizhzhia, the largest nuclear power plant in Europe, currently occupied by Russian forces, Kyiv would consider shutting down the power plant, Yuriy Boyko, an…

Brazil Moves Closer To Petrobras Privatization

Brazil Moves Closer To Petrobras Privatization

Jun 03, 2022 at 08:51 | Irina Slav

The Brazilian government is planning to move a step closer to the privatization of oil major Petrobras by including it in its privatization program, Reuters has reported, noting that analysts…

U.S. Economic Officials Says Biden Considering Oil & Tax Windfall Tax

U.S. Economic Officials Says Biden Considering Oil & Tax Windfall Tax

Jun 02, 2022 at 12:33 | Charles Kennedy

A White House economic advisor told a panel on Thursday that the Biden administration is now considering the U.S. congressional proposal that would place a windfall tax on…

Russia Claims Its Oil Production Will Rebound In June

Russia Claims Its Oil Production Will Rebound In June

Jun 02, 2022 at 11:48 | Tsvetana Paraskova

Russia is confident that it will be able to restore in June oil production lost in March and April, with this month seen as “maximum recovery relative to previous levels,”…

U.S. To Unveil Policy For Lowering Energy Use Of Crypto Mining

U.S. To Unveil Policy For Lowering Energy Use Of Crypto Mining

Jun 02, 2022 at 11:25 | Charles Kennedy

The Biden Administration is preparing a study on the energy consumption of crypto mining operations with the goal to issue policy recommendations on how miners could lower their energy use…

EU Greenlights Embargo On Seaborne Russian Oil

EU Greenlights Embargo On Seaborne Russian Oil

Jun 02, 2022 at 10:18 | Tsvetana Paraskova

European Union ambassadors approved on Thursday the proposed partial ban on Russian oil imports into the EU as part of a sanctions package that also aims to cut Russia off…

OPEC+ Endorses 648,000 Bpd Oil Production Hike In July

OPEC+ Endorses 648,000 Bpd Oil Production Hike In July

Jun 02, 2022 at 09:37 | Tsvetana Paraskova

OPEC+ decided on Thursday to ramp up its monthly oil production increase to nearly 650,000 barrels per day (bpd) as the group looks to compensate for falling production in its…

UK Approves Biggest North Sea Project In Decades 

UK Approves Biggest North Sea Project In Decades 

Jun 02, 2022 at 09:26 | Tsvetana Paraskova

UK authorities issued on Wednesday their final approval to Shell's Jackdaw gas field development in one of the biggest projects in the North Sea in recent decades as the government…

U.S. LNG Exports Stay Near Record Levels In May

U.S. LNG Exports Stay Near Record Levels In May

Jun 02, 2022 at 08:14 | Irina Slav

U.S. exports of liquefied natural gas remained close to record levels last month, at 7.29 million tons, or the second-highest since records of such exports began. According to Refinitiv Eikon…

Oil Prices Unmoved By Small Crude Draw

Oil Prices Unmoved By Small Crude Draw

Jun 01, 2022 at 15:49 | Julianne Geiger

Crude oil from the nation's Strategic Petroleum Reserves may be headed into commercial inventories, but the American Petroleum Institute (API) still reported a draw this week for crude oil of…

Windfall Tax To Cost UK-Focused Oil Firms More Than $3 Billion

Windfall Tax To Cost UK-Focused Oil Firms More Than $3 Billion

Jun 01, 2022 at 13:06 | Tsvetana Paraskova

The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion through 2025,…

Deutsche Bank Unit CEO Resigns Over Greenwashing Raid

Deutsche Bank Unit CEO Resigns Over Greenwashing Raid

Jun 01, 2022 at 12:07 | Charles Kennedy

The CEO of a Deutsche Bank subsidiary resigned Wednesday, just a day after German authorities launched a heavy-handed raid on the company’s offices in Frankfurt over allegations of…

Libya's Oil Losses Mount On Pipeline Leak

Libya's Oil Losses Mount On Pipeline Leak

Jun 01, 2022 at 11:27 | Charles Kennedy

Libya is losing another 22,000 barrels per day due to a pipeline leak at the Sarir Tobruk oilfield blamed on delayed budgets that have left the operating company…

OPEC+ Panel Didn’t Discuss Suspending Russia’s Oil Quota In The Deal

OPEC+ Panel Didn’t Discuss Suspending Russia’s Oil Quota In The Deal

Jun 01, 2022 at 10:37 | Tsvetana Paraskova

The Joint Technical Committee (JTC) of the OPEC+ group did not discuss suspending Russia’s quota in the oil production deal at the meeting on Wednesday ahead of Thursday’s OPEC+ ministerial…

UK, EU Shut Russian Oil Out Of Maritime Insurance Market

UK, EU Shut Russian Oil Out Of Maritime Insurance Market

Jun 01, 2022 at 09:25 | Irina Slav

The UK and the European Union have agreed to jointly shut off Russia’s access to oil cargo insurance, the Financial Times reported, which would severely affect its ability to…

Russia, Saudi Arabia Signal OPEC+ Is Going Strong

Russia, Saudi Arabia Signal OPEC+ Is Going Strong

Jun 01, 2022 at 08:25 | Irina Slav

The OPEC+ alliance is solid, with the level of cooperation within it strong, according to a statement issued by the Russian Foreign Ministry following a meeting between Foreign Minister Sergey…

Rising Energy Prices Could Tip World Into 1980s-Style Recession

Rising Energy Prices Could Tip World Into 1980s-Style Recession

May 31, 2022 at 14:47 | Julianne Geiger

Rising energy prices and boxing Russian crude oil out of the global market risks a global recession, Bank of America's head of global commodities and derivatives research Francisco Blanch warned…

OPEC Considers Suspending Russia From Oil Deal

OPEC Considers Suspending Russia From Oil Deal

May 31, 2022 at 13:24 | Julianne Geiger

Some OPEC members are mulling over the possibility of suspending Russia from the OPEC+ deal that limits the amount of crude oil that each member can produce, the Wall Street…

Double-digit Inflation Prompts Russia To Raise Wages, Pensions

Double-digit Inflation Prompts Russia To Raise Wages, Pensions

May 31, 2022 at 12:14 | Charles Kennedy

The federal Russian government will increase minimum wages and pensions from June 1 as it seeks to counter the effects of double-digit inflation closely linked to Western sanctions. Inflation in…

Ukraine Takes Control Of Ukraine-based Tatneft Assets

Ukraine Takes Control Of Ukraine-based Tatneft Assets

May 31, 2022 at 11:28 | Julianne Geiger

Ukraine’s State Bureau of Investigations (DBR) has taken control of all Tatneft assets in the country, along with any companies linked financially to Tatneft, DBR said in a statement to…

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