Tag: oil
BP boss Looney resigns with immediate effect
London BP boss Bernard Looney is resigning with immediate effect because of past relationships with colleagues. The oil company announced on Tuesday in London that CFO Murray Auchincloss will take…
The Expectation of Rising Oil Prices Flares
Daan Struyven from Goldman Sachs, in an interview with CNBC, stated that there is a record demand expectation in the oil markets and therefore they expect prices to rise in…
Fuel of War – Ukrainian tanks run on Russian oil
Ukrainian tank The Ukrainian army is consuming more and more fuel from Russia. (Photo: dpa) Warsaw It is a paradox of war: the tanks from Ukraine are increasingly running on…
These three graphics show: This is how Europe heats up
Comparison of heating shares While the installation of heat pumps is currently the subject of heated debate in Germany, the energy mix here and throughout Europe is very diverse. (Photo:…
These three graphics show: This is how Europe heats up
Dusseldorf It seems bizarre: while millions of people in Europe have to cope with summer heat and droughts, governments are already concerned about the energy supply in the coming winter.…
Fuel of War – Ukrainian tanks run on Russian oil
Ukrainian tank The Ukrainian army is consuming more and more fuel from Russia. (Photo: dpa) Warsaw It is a paradox of war: the tanks from Ukraine are increasingly running on…
Possible Chinese Incentives Drive Brent Oil Price Up
Brent, which moved up and down in the third week of July, is preparing to close the week positively. Developments originating from China continue to have a great impact on…
Europe is at odds with Russian dumping diesel
Madrid, Brussels, Zurich The statistics read like a victory message: The imports of Russian crude oil and refinery products such as diesel and kerosene have collapsed by 90 percent, according…
Brent Oil Keeps Calm Before US Data
Brent oil price, which has been moving up and down in the light of global developments in recent days, is calm today. The supply-side news that resonated in the previous…
Blackrock Appoints Aramco CEO to Board of Directors
The head of the largest oil producer Saudi Aramco, Amin Nasser, will be added to BlackRock’s supervisory board in the future. This was announced by the world’s largest asset manager…
Russia is selling oil above the EU oil price limit again for the first time
Oil tanker in front of the Russian Black Sea port of Novorossik Russia benefits from rising oil prices. (Photo: INTERFOTO) Zurich It is a novelty that could become a test.…
Oil Stocks Rise in US, Brent Oil Is Above $80 Again
The U.S. Energy Information Administration (EIA) announced that commercial crude oil inventories rose more than expected last week. With an increase of 5 million 900 thousand barrels last week, commercial…
IEA: Demand for Brent Oil Will Continue to Increase
International Energy Agency (IEA)shared a new report on the energy market. Experts who prepared the report also made an estimate on the price of brent oil. The IEA predicted that…
Oil Prices Are Up Again!
Oil markets rose on the second trading day of the week, driven by Saudi Arabian output cuts and China’s efforts to support the indebted real estate sector. As of 9:00…
How renewable energies are saving the oil state of Texas in the record heat
new York In Austin, temperatures recently climbed to more than 42 degrees Celsius, and in Corpus Christi even to 50 degrees Celsius. In the US state of Texas, one heat…
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.…
Oil Supply Cuts Push Prices Back To $75
Oil prices started Tuesday with a slight rise after Saudi Arabia and Russia’s decision to cut oil supply. Brent oil, which fell by 1 percent on Monday to close to…
Dependent on Putin – Austria is caught in an energy trap
Vienna Whenever new figures on Russian gas imports circulate, excitement breaks out in the Vienna government headquarters: After all, the partially state-owned company Gazprom supplies the energy source to Austria,…
Russia cuts oil production, Saudi Arabia extends cuts
Oil production in Russia A deep pump is located near the town of Usinsk, 1,500 kilometers north-east of Moscow. (Photo: dpa) Saudi Arabia extends its unilateral oil production cut by…
Russia cuts oil production, Saudi Arabia extends cuts
Oil production in Russia A deep pump is located near the town of Usinsk, 1,500 kilometers north-east of Moscow. (Photo: dpa) To support oil prices, Russia will cut oil exports…