Russia Resumes Oil Shipments To Brazil
RIA Novosti reported on Sunday that according to new customs data from Brazil, last month Russian oil producers exported 84,400 metric tons of crude oil to Brazil, marking the highest…
Germany To Reopen Shuttered Coal Plants In Winter
In a press release, the German Ministry for Economic Affairs and Climate Action (BMWi) has announced the government will reactivate a series of shuttered coal plants during the upcoming heating…
Washington Attempts To Pressure Riyadh To Increase Crude Supply Using A Defense Pact
On Friday, the Wall Street Journal reported that according to both Saudi and US sources, OPEC major Saudi Arabia is considering increasing its production of crude earlier next year in…
Russia Allows Diesel Exports Again
On Friday, the press service of the Russian Council of Ministers announced that Moscow has lifted its limit on the export of diesel fuel, however it is continuing to ban…
Gazprom Execs Note EU Energy Security Is Unstable
On Tuesday in an interview, senior managers of Russian energy giant Gazprom said the energy system of the EU was unstable and may end up enduring shortages of natural gas…
Exxon Poised To Acquire Pioneer
On Thursday, people familiar with the matter reported that Exxon Mobil is in advanced talks to purchase Pioneer Natural Resources. If it goes through, the deal could raise the market…
Goldman Forecasts Oil Falling Off Demand Destruction Over The Next Quarter
As voluntary restrictions on production output imposed by oil majors Saudi Arabia and Russia combined with supply cuts from OPEC+ to limit supply and create a deficit, oil rallied an…
Russian Oil Exports Jump 24% In One Week
On Tuesday, Bloomberg reported that in the week up to October 1st, Russian seaborne oil exports rose to a three-month high, according to tanker tracking data. The report said that…
Russian LNG Exports Surging
Russian liquified natural gas (LNG) production is forecasted to continue growing in line with the nation’s energy development program, to reach 47.3 million tons in 2024. According to official government…
Oil Continues To Rise As Traders Bet Demand Will Outstrip Supply
Oil began the new quarter by inching higher off a surge of bets that the demand globally is running ahead of supply, due to a raft of production output cuts…
