Tag: Oil price
Opec wants to grow and expand their influence
Adeeb Y Al Aama and Prince Abdulaziz bin Salman The Opec Governor (front left) and the Saudi Minister of Energy (front right) at the eighth Opec International Seminar in Vienna.…
Opec pursues an oil price policy without any regard for losses
An oil well in Iraq The oil cartel Opec is causing turbulence on the capital markets with its surprising cut in production. (Photo: Reuters) The ministerial meeting of the oil…
Stay away from oil heating – a comment
Oil heating in the basement The operation of oil and gas heating is likely to become more and more expensive in the coming years. (Photo: IMAGO/Petra Schneider) Now quickly a…
Commodity traders make record profits in 2022
Zurich The large swings in the prices of oil, gas, coal and industrial metals are creating historic gains for commodity traders. The industry generated its highest-ever gross revenue of $115…
Can technology save the world?
Good morning dear readers, If you want to know how the state of mind of mankind is at the moment, you should drive to the Nevada desert. There, in the…
How investors can bet on rising oil prices
oil production It is not easy for investors to profit from rising oil prices. (Photo: dpa) Dusseldorf Oil prices have been falling for months. The highs around the start of…
EU boycott of Russia causes oil prices to drop
Oil tanker in the Russian Pacific port of Kozmino Exports to China and India already work without services from the West. (Photo: Reuters) Zurich In the Baltic Sea port of…
Russia sanctions are driving up oil prices
oil production The price cap on Russian crude oil is intended to prevent Russia from selling its oil for more than 60 dollars. (Photo: dpa) Dusseldorf The price of oil…
Oil Production: The German Energy Dilemma
North Sea oil rig “Mittelplate” Wintershall Dea is the only significant German group that produces oil and gas. (Photo: Wintershall/Achim Multhaupt, Imago [M]) Dusseldorf If you want to visit Germany’s…
The consequences of the new Russia sanctions
Dependent on Russian oil: PCK oil refinery in Schwedt The plant has been processing Russian oil for decades. The industry association assumes that Russian oil will be replaced in time.…
What are the consequences of the new sanctions against Russia
Schwedt, or A good nine months after the Russian attack on Ukraine, the European Union is getting serious. An oil embargo against Russia is to take effect gradually from Monday.…
Output remains constant – no new dispute with G7 countries
oil pump The oil network Opec plus does not risk a new dispute with the G7 industrialized countries. (Photo: dpa) Zurich, Frankfurt The alliance of oil exporting countries, Opec plus,…
Opec shows its true face
Prince Abdulaziz bin Salman, Saudi Arabia’s energy minister, is sensitive to being labeled as the leader of a cartel. Rather, he sees himself as the central banker of the oil…
Opec shows its true face
Prince Abdulaziz bin Salman, Saudi Arabia’s energy minister, is sensitive to being labeled as the leader of a cartel. Rather, he sees himself as the central banker of the oil…
Insiders expect significantly reduced funding rates from Opec+
Opec+ Oil exploration in North Dakota. (Photo: AFP) Dusseldorf Oil prices rose in early trade on Monday. Most recently, a barrel (159 liters) of North Sea Brent cost $87.26. That…
Oil prices are rising again – how investors can position themselves now
Oil field in California Oil companies from the USA are among the beneficiaries of high oil prices. (Photo: Reuters) Dusseldorf The price of oil rose significantly after Russian President Vladimir…
Price rises to new record – fear of delivery stop
gas flame The gas price continues to rise and was now almost 300 euros per megawatt hour. (Photo: dpa) Zurich New concerns about a lack of Russian gas supplies triggered…
Recession fears weigh on Brent and WTI
Dusseldorf Fears of a global recession are also leaving their mark on the oil market. The price of a barrel of crude oil (159 liters) could collapse to $65 by…
Recession fears weigh on Brent and WTI
Dusseldorf Fears of a global recession are also leaving their mark on the oil market. The price of a barrel of crude oil (159 liters) could collapse to $65 by…
Saudi Aramco ahead of Apple most valuable listed companies in the world
Saudi Aramco IPO According to current evaluations, the state-owned company is the most valuable company in the world. (Photo: dpa) Frankfurt The price drop on the stock markets since the…