Russian oil exports on Western tankers |

Russian crude exports rose sharply this month, much of which goes on Western-insured tankers at prices below G7 and EU price ceilings. Oil shipments from Primorsk, Ust-Luga and Novorossiysk rose by 9.5 million tonnes this month, according to Reuters, as the Urals, Russia’s flagship crude fell below $50 a barrel, while the G7 and EU … Read more

Exxon beats Western oil majors’ profits by $56 billion by 2022.

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp ( XOM.N ) has forecast a net profit of $56 billion for 2022, after the company took home about $6.3 million an hour last year, not only a company record, but also a record for 2018. Historical high for the western oil industry. The total take by … Read more

PRISMA operates the European Union’s common gas procurement platform

PRISMA European Capacity Platform GmbH is pleased to announce the official award of the tender for the EU Common Gas Procurement Platform. In the year On December 19, 2022, EU energy ministers agreed to create a demand pooling and joint procurement of gas platform. European Commission President Ursula von der Leyen explained. We will use … Read more

On his first trip to South America, Scholes urged a quick EU-Mercosur free trade agreement

Scholz made a 3-day visit to Argentina, Chile, and Brazil The trip comes as Germany seeks to reduce its dependence on China Scholes urged the EU-Mercosur trade agreement talks to be completed quickly Buenos Aires, January 28, 2010 (FBC) German Chancellor Olaf Scholz has urged a speedy conclusion to talks on a free trade agreement … Read more

The EU’s proposed reforms aim to better protect energy prices from market fluctuations.

The EU Commission will open a public consultation ahead of the reform. As a price regulator, he wants to avoid the connection to expensive gas Analysts think that the reform will go in the right direction The proof will be implemented, it will be taken by the operators Brussels, January 23, 2010 (FBC) The European … Read more

Yellen said that the price adjustment of Russian refined oil products is ‘complicated’

DAKAR, January 21, 2010 (AFP) – Western countries are working to structure price reforms to ensure a steady flow of Russian oil exports, but markets are complex and things may not go to plan, Treasury Secretary Janet said. He said he didn’t. The Group of Seven nations and Australia have imposed a price fix on … Read more

Germany should speed up hydrogen plans this year – gas pipeline group OGE

Gas pipeline companies are ready to switch Legal clarity is needed to free up investment The Berlin government should know about the international race There is no comment on whether Macquarie wants to sell its stake in OGE FRANKFURT/DUSSELDORF, Jan 18 (Reuters) – Germany must speed up a hydrogen law reform pending in Berlin to … Read more

Pilot: Why Malaysia is considering banning palm oil exports to the EU.

KUALA LUMPUR, January 13, 2010 (FBC) Malaysia, the world’s second-largest palm oil producer, has said it may freeze palm oil exports to the European Union after the bloc imposed more import restrictions on edible oil due to deforestation. What is the dispute about? Malaysia and Indonesia have been at loggerheads with the European Union for … Read more

EXCLUSIVE: Russian oil shipped to Asia by Chinese supertankers amid shipping shortage.

G7 capital limits the ships available to Russia Western companies avoid Russian oil business because of the embargo Crude sales to Russia’s Asia-bound trade below cost Russia and China start ‘unlimited partnership’ in 2022 NEW DELHI/SINGAPORE, Jan 13 (Reuters) – At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trade … Read more

Oil rose more than 1% on US inflation data, demand expectations

China’s reopening leads to optimism and increased demand The emerging EU is in the spotlight with a ban on Russian oil imports. US consumer prices fell in December LONDON, Jan 12 (Reuters) – Oil rose more than 1% on Thursday after data showed U.S. consumer prices unexpectedly fell in December and were supported by optimism … Read more