Tag Archives: The Daily Star

Oil Prices Rise, but Post Biggest Weekly Decline since March

Oil prices rose on Friday but remained posted their steepest weekly losses since March, after another partial lifting of Russia’s fuel export ban compounded demand fears due to macroeconomic headwinds. On Friday, Brent futures settled up 51 cents at $84.58 per barrel. US West Texas Intermediate crude futures settled up …

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Russian Oil to Make up 30% of India’s Imports

Russia may account for almost a third of India’s oil imports by the end of the current financial year, Arun Kumar Singh, the head of India’s Oil and Natural Gas Corp Ltd, was cited as saying on Saturday by Russian news agency Interfax. “The share of Russian oil imports, which …

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Russia is China’s Top Oil Supplier for 3rd Month

Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil. Imports of Russian oil, including supplies pumped via the East Siberia …

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Venezuela Resumes Oil Export to EU after 2 Years

A 650,000-barrel-cargo of Venezuela’s oil chartered by Italy’s Eni is about to set sail carrying the first export of crude from the US-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The US State Department sent letters to Eni and Spain’s Repsol in May authorizing them …

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Gazprom Continues Gas Exports to Europe

Russian state-owned gas producer Gazprom continued to supply natural gas to Europe via Ukraine on Saturday at the pace of 74.6 million cubic metres per day, in accordance with requests from European consumers, the company said. This was in line with the 74.5 mcm reported earlier by Interfax news agency, …

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