Oil prices crawl down because of China COVID surge and possibility of planetary recession

Author: Andrew Andrew / December 28, 2022 12:18 / Economy

Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world's top oil importer

Ban China Market Oil Russia Sanctions

Will falling California gas prices affect a Big Oil penalty?

Author: Nicolas Nicolas / December 22, 2022 18:17 / Politics

Gas prices in the Golden State are plummeting and inflation may be easing, but Democratic lawmakers and other political professionals believe it will have little effect on the state’s push to take oil companies to task for allegedly price-gouging drivers at the pump.

Oil Prices Usa

China's Xi heads up to Saudi Arabia stepping on the US Biden toes

Author: Andrew Andrew / December 06, 2022 10:40 / World

The visit is expected on Thursday, yet official China has not made an announcement. Trip aims to boost Gulf relations five months after US warned Beijing it would not cede Middle East or just to divert some attention from some serious domestic problems, or both.

Biden China Oil Saudi arabia Usa

G7 price cap on Russian oil kicks in along with EU embargo

Author: Andrew Andrew / December 05, 2022 14:52 / Economy

The price cap could make it difficult for Moscow to sell its oil for a higher price. But will EU embargo actually hurt Russia?

Embargo Europe Oil Price cap Russia-ukraine conflict

EU agrees on Russian oil price cap $60 despite Zelenskiy's requests

Author: Andrew Andrew / December 03, 2022 12:40 / Economy

European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil - an idea of the Group of Seven (G7) nations.

Europe Oil Prices Russia Russia-ukraine crisis

Europe’s real energy crisis will come next winter - experts say

Author: Andrew Andrew / November 30, 2022 02:56 / Europe

Despite apprehension around Europe’s energy supply for the coming winter, government leaders and energy experts warn the continent’s real challenge will come next year.

Crisis Europe European commission Gas Oil Winter

Is Oil Fossil Fuels' Weakest Link?

Author: Nicolas Nicolas / November 24, 2022 19:12 / World

The New York Times recently carried a front-page story asserting that Saudi Arabia planned to “keep oil at the center of the global economy” for decades. Other Mideast Gulf countries no doubt share this goal.

Gas Oil Opinion

Spain and France slam EU gas price cap

Author: Nicolas Nicolas / November 24, 2022 19:01 / Europe

The EU executive on Tuesday unveiled a gas "safety ceiling" of 275 euros

European commission France Gas prices Oil Spain Ukraine

Nigeria should copy Taiwan model to develop non oil economy – Ambassador

Author: Nicolas Nicolas / November 12, 2022 13:18 / World

Mr Andy Yih-Ping Liu, Representative of Taipei Trade Office in Nigeria, on Friday said that Taiwan is probably one of the best role models for Nigeria to develop its non-oil economy.

Economy Nigeria Oil Opinion Taiwan

Halted shipments of Russian oil resume to Slovakia

Author: Nicolas Nicolas / August 10, 2022 23:23 / Europe

Slovakia's economy minister says oil shipments from Russia through a critical pipeline to several European countries have resumed after a problem over transit payments was resolved

Czech republic Europe Hungary Oil Slovakia Transit

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