Tag Archives: Oil Price

Oil prices drifted lower early Tuesday in Asian markets, weighed down by escalating trade tensions between the world’s largest economies and mounting signs of rising crude supply. The looming threat of an economic slowdown with the potential to curb fuel demand growth is driving bearish sentiment. At the time of …

In September, the European Steel Association (Eurofer) plans to introduce a proposal for an early and intensified safeguard system on imports. According to director Axel Eggert, this would replace the current general safeguard system used by the steel industry. Eurofer stated that the proposed system includes stronger tariff-rate quota (TRQ) …

Central European Petroleum (CEP) has announced a major conventional oil and gas discovery off Poland’s Baltic Sea coast, in what could become the country’s largest hydrocarbon deposit and one of Europe’s most significant finds in the past decade. The discovery was made at the Wolin East 1 (WE1) well, located …

China sharply curtailed exports of two key critical minerals in June, with outbound shipments of antimony falling by 88% and germanium by 95% compared to January levels, Asia Financial reported on Monday, noting that the drop reflects Beijing’s intensifying crackdown on transshipment and unauthorized export activity after discovering that material …

BP has appointed Albert Manifold as its new chairman, selecting the former CRH chief executive to lead the board at a time of heightened investor pressure and strategic uncertainty. Manifold will join BP as chair-elect on September 1 and take over from Helge Lund on October 1, the company said …

“There is no peak in oil demand on the horizon,” the head of OPEC, Haitham al Ghais, said last month in Canada. Demand will continue to increase as global population grows, he added. And OPEC will be there to respond with what supply is necessary. OPEC is now playing the …

The world is going to need a whole lot of lithium to power a more sustainable future. The critical mineral is an essential ingredient in a wide range of clean energy technologies and is particularly essential in batteries for electric vehicles and energy storage–two rapidly expanding global sectors. But there …

The United Nations Development Programme (UNDP) and the Government of Norway launched a $200 million initiative in July, aimed at transforming Ukraine’s war-damaged energy sector and supporting the development of the country’s renewable energy capacity. The new initiative will focus on both immediate crisis response and long-term modernisation in line …

British oil giants BP and Shell last week signed a range of agreements with Libya’s National Oil Company (NOC) aimed at boosting the country’s oil and gas output recovery. Very few people outside the oil and gas industry appreciate the much broader and deeper strategic significance that often lies behind …

Oil prices rose on Friday after the EU adopted its 18th sanctions package against Russia, lowering the price cap, targeting Russian oil trade, and closing a loophole that has so far allowed EU imports of fuels processed from Russian crude. As of 9:50 a.m. EDT on Friday, the U.S. benchmark, …