International Archives

Oil trader Pierre Andurand said he expects Saudi Arabia to keep its current supply curbs in place until prices reach at least $110 a barrel.

Andurand Says Oil Must Hit $110 Before Saudi Arabia Eases Supply Curbs

Bloomberg, via RigZone.com |By Christine Burke| Oil trader Pierre Andurand said he expects Saudi Arabia to keep its current supply curbs in...

A price cap on Russian oil was intended to starve Putin of cash, but until now, it's largely been untested.

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A price cap on Russian oil aims to starve Putin of cash. But it’s largely been untested. Until now

FRANKFURT, Germany (AP) — For months after Ukraine’s Western allies limited sales of Russian oil to $60 per barrel, the price cap was still...

Moldova has not used Russian gas since late last year, but it is keeping open the option of buying supply from Gazprom if conditions are right

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Moldova could buy Russian gas if conditions are right

By Alexander Tanas – CHISINAU (Reuters) – Moldova has not used Russian gas since late last year, but it is keeping open...

Head of OPEC warns of a ‘dangerous’ lack of investment in oil posed a danger to global energy security and prices could reach $100 a barrel.

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Head of OPEC warns of a ‘dangerous’ lack of investment in oil

The head of the Organization of the Petroleum Exporting Countries — a group of the world’s major oil producers — told CNN...

While there’s been a lot of angst over the shrinking US inventories, there are yet to be any concrete signs of a slowdown in American exports.

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Plunging US Oil Supply Is Driving Up Prices Around the World

While there’s been a lot of angst over the shrinking US inventories, there are yet to be any concrete signs of a...

Over the past year, few currencies have done worse than Russia’s rouble, today, the American Dollar will buy almost 100 of them.

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The costs of Russia’s war are about to hit home

Over the past year, few currencies have done worse than Russia’s rouble. Last September an American dollar bought just over 60 of...

In June last year, the Government proudly announced that the UK imported no coal, oil or gas from Russia for the first time on record and buying refined oil from Saudi Arabia

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Saudi-Russian oil cuts are dragging Britain towards a new energy crisis

In June last year, the Government proudly announced that the UK imported no coal, oil, or gas from Russia for the first...

BP Plc Chief Executive Officer Bernard Looney has resigned effective immediately over the failure to fully disclose past relationships with colleagues.

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BP CEO Looney Quits Over Past Relationships With Colleagues

(Bloomberg) — BP Plc Chief Executive Officer Bernard Looney has resigned effective immediately over the failure to fully disclose past relationships with...

The United States confirmed that it seized a tanker load of Iranian oil in April, just before Iran seized two vessels in the Gulf region.

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US confirms April seizure of Iran oil shipment

AFP, via Yahoo News. The United States confirmed Friday that it seized a tanker load of Iranian oil in April, just before...

Saudi Arabia is considering an offering of additional Saudi Aramco shares of stock that could shatter records, potentially worth $50 billion.

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The world’s most valuable oil company may launch the biggest stock offering in history

Saudi Arabia is considering an offering of additional Saudi Aramco shares of stock that could shatter records, the Wall Street Journal reported. A...

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