Germany unveils £2.5bn gas deal with Trafigura to ease energy crisis December 5, 2022 Germany has secured a long-term gas deal with commodities specialist Trafigura to shore up its energy supplies over the coming winters.
A Tale of Two Forecasts: Investors back IEA’s hiked demand outlook over OPEC gloom August 11, 2022 Investors have backed the IEA's outlook for oil demand over OPEC's, with both organisations offering contrasting visions this year.
Diesel prices climb to record levels as cost-of-living crisis escalates May 16, 2022 Diesel prices have soared to record levels, piling pressure on motorists amid spiralling inflation and a deepening cost of living crisis.
Oil markets sustain rally as EU commits to Russian embargo May 31, 2022 Oil prices continued to rise today, after the EU finally agreed to a phased and watered down ban on Russian crude imports.
Full Russian energy embargo could stop war, says ex-Putin aide April 10, 2022 A full embargo on Russian energy exports by western countries could effectively end the invasion of Ukraine immediately, according to a former Vladimir Putin aide. Dr Andrei Illarionov said Putin “did not take seriously” the threats from the UK, EU and US to ban Russian oil and gas. European countries have vowed to end their reliance [...]
Oil prices remain elevated as US refineries ramp up processing while EU edges toward embargo May 25, 2022 Oil prices rose slightly today, buoyed by US refinery processing levels and growing expectations of an EU ban on Russian imports.
China will drive oil demand to record 100m-plus barrels per day, keeping prices elevated February 15, 2023 China will drive oil consumption to record levels this year, as the world's second largest economy reopens following sustained lockdowns.
Oil prices rise above $120 milestone as China finally lifts oppressive lockdown measures May 30, 2022 Oil prices breached the $120 milestone today - hitting a two-month high as China eased Covid-19 restrictions in its biggest city.
UK announces ban on Russian coal April 6, 2022 The UK will phase out Russian coal imports by the end of the year, as part of a new co-ordinated round of sanctions.
Oil watchdogs raise outlooks amidst Israel-Palestine uncertainty November 14, 2023 Global oil markets are creeping back to confidence as two energy watchdogs cast a positive light on the sector this week.