LONDON, April 5 Reuters Oil prices rose on Tuesday as Europe announced plans to impose new sanctions on Russian oil imports to punish Moscow over alleged war crimes in Ukraine, raising concerns over tighter global supply. Brent crude was up 1.10, or 1, to 108.63 a barrel at 1334 GMT. U.S. West Texas Intermediate was […]

FRANKFURT, April 5 Reuters Germany imported 8.2 less natural gas in January than in the same 2021 month amid tight global supply but its bill rose 217 as prices surged, official data from trade statistics office BAFA showed on Tuesday. BAFA releases import data with a twomonth delay so the impact Russia39;s invasion of Ukraine […]

MELBOURNEBEIJING, April 7 Reuters Oil prices rose on Thursday from a threeweek low touched in the previous session after consuming nations announced a huge release of oil from emergency reserves, as worries over tight supplies still clouded the market outlook. Brent crude futures climbed 1.42 or 1.4, to 102.52 a barrel at 0651 GMT, while […]

MELBOURNEBEIJING, April 8 Reuters Oil prices rose on Friday but were set to drop around 3 for the week as consuming countries39; planned release of 240 million barrels from emergency stocks offset some concerns over reduced supplies from Russia because of western sanctions. Brent crude futures advanced by 16 cents, or 0.2 to 100.77 a […]

IEA members to release 60 mln barrels over 6 months Chinese coronavirus lockdowns continue U.S. producers added 13 oil rigs in week to April 8 Brent dropped 1.5 last week, while WTI dipped 1 LONDON, April 11 Reuters Oil prices dropped by 4 a barrel on Monday, with Brent crude tumbling below 100 on plans […]

The price of oil rose more than 6 on Tuesday, with the main driver being news that Russia is sharply cutting its oil production. Reuters sources report a fall in production in the first days of April to 10.32m BPD, down from an average of 11M in March and 11.06M in February. But the same […]

LONDON, April 13 Reuters The full impact of sanctions and buyer aversion to Russian oil will take full effect from May onwards, the International Energy Agency said on Wednesday. Still, lower demand amid a COVID19 surge in China, output increases from OPEC producers and beyond along with the largest ever draw on emergency oil storage […]

LONDON, April 14 Oil prices slipped on Thursday in thin trade ahead of a public holiday, as traders weighed a largerthanexpected build in U.S. oil stocks against tightening global supply. Brent futures were down 86 cents, or 0.8, at 107.92 a barrel, while U.S. West Texas Intermediate futures were off 1.10 or 1.1, at 103.15 […]

Energy prices continue to fly into the stratosphere, adding 30 since the start of April, strengthening at twice the rate of March. The last time US gas was this expensive was in October 2008. Demand for American gas has surged as Europe tries to cut back on purchases from Russia as much as possible. But […]