Germany Moving Toward Russian Energy 'Embargo,' Economy Minister Says
Germany said on April 4 that its push to lower dependence on Russian oil was a high priority effort that...
Germany said on April 4 that its push to lower dependence on Russian oil was a high priority effort that was harming President Vladimir Putin, while it worked to "create the preconditions" for a complete halt to energy imports from Russia.
Economy Minister Robert Habeck was asked at a government news conference whether civilian deaths in Ukraine would prompt Germany, which is heavily dependent on Russia for energy, to back an energy embargo against Russia.
Baghdad’s Bold Move To Take Over Kurdistan’s Oil Sector Is A Blow To Russia
Following ...
Following two recent landmark legal rulings by the Supreme Court of the Federal Government of Iraq (FGI) in Baghdad, news emerged last week that Iraq’s Oil Ministry is proposing the creation of a Kurdistan National Oil Company under the federal ownership of the government in the south of Iraq. This is aimed at stripping any authority that the government of the semi-autonomous region of Kurdistan (the KRG) in Iraq’s north has over its heavily Russian-dominated oil industry and would render all previous contracts entered into between the KRG and oil companies subject to review.
Oil prices jump as much as 3% as Saudi Arabia raises prices for customers across the globe
Oil jumped on Monday, rising by as much as 4% after Saudi Arabia raised prices for some of its biggest...
Oil jumped on Monday, rising by as much as 4% after Saudi Arabia raised prices for some of its biggest customers to record highs for May, according to a Bloomberg report.
Brent crude futures were up 3.4% on Monday at $107.88 a barrel, having risen to a session high of $108.19, while West Texas Intermediate was up 4% at around $103.25 a barrel.
ExxonMobil signaled first-quarter production results could top a four-year quarterly...
ExxonMobil signaled first-quarter production results could top a four-year quarterly record, with operating profits from pumping oil and gas approaching $10.1 billion. A snapshot of the largest U.S. oil producer's quarter ended March 31 showed profits could jump by between $1.9 billion and $2.7 billion over the prior quarter's $6.1 billion in operating earnings from its oil and gas unit.
ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company’s fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 barrels of oil per day starting in 2025.
ExxonMobil has suspended its liquefied natural gas project in Russia's the Far East, Interfax news agency quoted a Russian governor as saying on Monday after the firm announced plans to quit the country following Western sanctions.
ExxonMobil on Friday received approval to begin work on its fourth offshore oil drilling project in Guyana from the South American country's Environmental Protection Agency.
The energy sector is off to a higher start supported by strength in the underlying commodities...
The energy sector is off to a higher start supported by strength in the underlying commodities and in the major market indices. U.S. stock index futures edged higher as a jump in tech shares and U.S.-listed Chinese firms offset concerns about more sanctions toward Russia from the European Union and its allies.
WTI and Brent crude oil future rose this morning as the release of strategic reserves by consuming nations failed to eliminate supply concerns arising from Russia’s invasion of Ukraine and the lack of progress in renegotiating the Iranian nuclear deal. European leaders look to agree on further sanctions towards Russia in the coming days, a German government spokesperson said on Monday, adding that he was confident the European Union would remain united on fresh measures. France is considering a hefty EU-wide tariff on Russian energy in hopes that it could prove more efficient than an outright ban. As talks on reviving the 2015 nuclear deal pause, an Iranian foreign ministry spokesperson said the United States is responsible for the lack of progress in the negotiations between Tehran and world powers in Vienna.
