Tag Archives: Anadolu Agency

Oil Mixed as Market Weighs China’s Interest Rate Decision

Oil prices were mixed in early trade on Tuesday as investors gauged the risks associated with China’s less-than-expected interest rate cut decision, which prompted doubts about the country’s post-COVID recovery. International benchmark Brent crude traded at $76.33 per barrel at 10.37 a.m. local time (0737 GMT), a 0.31% gain from …

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Russia Calls Japan’s Nuclear Blackmail Accusation ‘Cynical, Unscrupulous Speculations’

Japan’s “nuclear blackmail” accusation against Russia is “cynical, unscrupulous speculation,” the Russian Foreign Ministry said on Saturday. “Attempts to attribute to Russia the non-existing plans to use nuclear weapons in Ukraine is nothing more than cynical, unscrupulous speculation. There has been no change in our approach to this issue,” a …

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EU Opens 1st Tender for Joint Gas Purchase

Speaking to reporters, Maros Sefcovic, the European Commission’s vice-president called the launch a “historic milestone” because this is “the first time ever” that the EU uses its “collective economic weight to increase our energy security and tackle high gas prices.” He explained that 77 European companies submitted requests for a …

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US Crude Oil Inventories up 0.6% for Week Ending May 5

US commercial crude oil inventories increased 0.6% during the week ending May 5, according to data released by the Energy Information Administration (EIA) late Wednesday. Inventories rose by around 3 million barrels to 462.6 million barrels, lower than the American Petroleum Institute’s expectation of a rise of 3.6 million barrels. …

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