TotalEnergies Gives Up Myanmar Asset To PTTEP For Nothing
Thailand’s PTT Exploration & Production (PTTEP) will be taking over operatorship of the Yadana...
Thailand’s PTT Exploration & Production (PTTEP) will be taking over operatorship of the Yadana gas field off Myanmar following TotalEnergies' departing the country due to the junta’s continued violence against civilians.
PTTEP said in a statement that it would take over operatorship in July and that the transaction would have no commercial value.
On Tuesday morning, Brent crude futures fell below $100 a barrel, swinging about $40...
On Tuesday morning, Brent crude futures fell below $100 a barrel, swinging about $40 in little more than a week. Brent traded as low as $97.50 a barrel by 9:12 AM ET.
The market has been rattled by a resurgence of virus cases in China, the world’s biggest crude importer, and signs of progress in cease-fire talks between Ukraine and Russia. While concerns persist that disruption to Russian oil flows is squeezing an already tight market, OPEC and others have been quick to point out there is no shortage.
🔥What’s Affecting Oil Prices This Week (March 14, 2022)🔥
From Strats Advisors. A volatile global oil market reacts to an uncertain geopolitical...
From Strats Advisors. A volatile global oil market reacts to an uncertain geopolitical environment as players in Europe, Asia and the Middle East maneuver for position. #oil#europe#russia#middleeast
CNBC: U.S. oil tumbles more than 8%, dips below $100 per barrel
U.S. oil tumbled more than 8% on Monday, breaking below $100 per barrel, amid talks...
U.S. oil tumbled more than 8% on Monday, breaking below $100 per barrel, amid talks between Russia and Ukraine as well as new Covid-19 lockdowns in China — which could dent demand.
West Texas Intermediate crude futures, the U.S. oil benchmark, lost 8.75% to trade at $99.76 per barrel at the lows of the day. International benchmark Brent crude shed 8% to $103.68 per barrel.
In afternoon trading some of the losses were recovered. WTI settled 5.78% lower at $103.01 per barrel, with Brent finishing the day at $106.90 per barrel, for a loss of 5.1%.
What a Russia debt default would mean for financial markets as Ukraine invasion continues
The threat of a Russian default on sovereign debt is seen near, but investors so far...
The threat of a Russian default on sovereign debt is seen near, but investors so far aren’t panicking over any potential hit to global financial markets.
“While a default would be symbolic, it seems unlikely that it will have significant ramifications, both in Russia and elsewhere,” said William Jackson, chief emerging markets economist at Capital Economics, in a Monday note.
