Tag Archives: Taipei Times

Russia yesterday said that it had destroyed Western-supplied weapons in Ukraine, while it halted gas supplies to EU and NATO members Poland and Bulgaria in a move that Brussels branded attempted blackmail. With the conflict that has claimed thousands of lives entering its third month, Ukraine conceded that Russian forces …

Russian President Vladimir Putin on Thursday said that the country’s natural gas must be paid for with rubles, a demand apparently intended to help bolster the Russian currency, but one that European leaders say they will not comply with because it violates the terms of contracts and sanctions. Putin said …

A global transition to “clean energy” is still far too slow to meet climate pledges and risks fueling even greater price volatility, the International Energy Agency (IEA) said yesterday. “We are not investing enough to meet future energy needs and the uncertainties are setting the stage for a volatile period …

Oil declined amid Russia’s plans to boost upcoming overseas oil sales and as the US dollar rallied. Futures in New York ended the session nearly 1 percent lower on Friday. Russia is to increase its oil exports 3 percent in the fourth quarter of this year, Interfax reported. Meanwhile, gains …

Oil posted its third straight weekly rise on improving demand, with the International Energy Agency (IEA) saying that the market would need extra supply next year. Futures in New York rose this week, extending their rally to the highest settle since October 2018. The IEA said that OPEC and its …

Russia last month increased its oil production amid a more generous OPEC+ quota, even as increasing COVID-19 cases threaten oil demand in the short term. The nation pumped 43.34 million tons (39.3 million metric tonnes) of crude and condensate last month, according to preliminary data from the Russian Energy Ministry’s …

Trump’s comments on China are another negative concern for the market.

The deal removed 1.2 million barrels a day of OPEC+ production. helping to send oil prices higher.

The EU has given the go-ahead for a deal between Norway’s KLP and Swedish pension fund AMF to buy the biggest wind power company in Sweden.

Saudi Arabia is trying to convince fellow OPEC members to pump more oil.