Tag Archives: russian oil

Oil future contracts changed a little bit during the choppy trading session on Friday ahead of the meeting of OPEC+ scheduled for Sunday and an EU ban on Russian crude which will come in force as of Monday, December 5.WTI crude futures rose 11 cents, or 0.1%, to $81.35 per …

Estonia is holding a hawkish stance insisting that capping the prices of oil to a level could have no impact on Russia’s war.Estonia is pressured by other EU member states in order not to go forward with the nation’s threat to veto a US-proposed cap on the price of Russian …

The West Texas Intermediate crude oil is under pressure during the US trading session following US hot inflation reading release that has caused risk aversion across financial markets.At the time of writing, WTI is down around 0.6% is recovering to the $88.28 high after managing to rise from earlier fresh …

European Union member states have agreed to cap the price of Russian oil as they seek to cut Kremlin revenues and punish Vladimir Putin for the Ukraine war. Ambassadors from 27 countries on Wednesday signed off on the proposed cap on the price of crude shipped to countries outside the …

The US dollar ended the day unevenly across the FX board, despite Wall Street resuming its decline and trimming all Wednesday’s gains. Treasury yields remained stable, with the 10-year note yielding 3.75% and the 2-year note 4.17%.Gold trades near its weekly high at the $1,664 level, while crude oil prices …

The European Commission president, Ursula von der Leyen has promised to cap the price of Russian oil and impose further curbs on hi-tech trade, as part of the latest round of sanctions to “make the Kremlin pay” for the escalation of the war against Ukraine.Ursula von der Leyen said Russia …

The Non-Farm Payrolls report has been the dominant market for the past week. Nonfarm Payrolls in the US rose by 315,000 in August, this reading followed July’s increase of 526,000 (revised from 528,000) and came in slightly better than the market expectation of 300,000. The Unemployment Rate rose to 3.7% …

US Treasury Secretary Janet Yellen warned that a failure to place a price cap on Russian oil would hurt the global economy. “Without a price cap, we face the threat of a global energy price spike if the majority of Russian energy production gets shut in,” Yellen said, on Wednesday.The …

International Energy Agency Chief Fatih Birol said on Monday that Russia’s oil production hasn’t fallen as much as previously expected because it managed to find new markets outside Europe and added domestic demand remained robust, per Reuters. “Going forward, it would be difficult for Russia to maintain oil production due …

Crude oil was the winner of the week on signs of improving fuel demand, so oil surpassed the performance of all other assets, although some market expectations actually occurred during the past week and some other expectations did not.Energy PricesAfter starting the week near the previous week’s lows, oil attempted …