Global oil market signals short-term weakness ahead of EU ban on Russian oil:
reuters.com/business/energy/global-oil-market-signals-short-term-weakness-ahead-eu-ban-russian-oil-2022-11-28/
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| Last Updated | Nov 28 22 |
| Total Articles | 3 |
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Watch: Huge fire breaks out at Russian oil facility: A huge fire has broken out at a Russian oil refinery following reports of overnight drone attacks.
bbc.com/news/av/world-europe-68888835
BBC Verify examines reported strikes on Russian oil depots: The reported strikes have been geolocated to the Smolensk region of western Russia.
bbc.com/news/av/world-europe-68893589
Portugal's Galp says field off Namibia could contain 10 bln barrels of oil: Portuguese oil company Galp Energia said on Sunday it had concluded the first phase ...
reuters.com/business/energy/portugals-galp-says-field-off-namibia-could-contain-10-bln-barrels-oil-2024-04-21/
Russia Plans Anti-Drone Response After Recent Hits on Refineries: Russia is stepping up military training to counter drones after repeated UAV attacks in regions ...
bloomberg.com/news/articles/2024-04-20/russia-plans-anti-drone-response-after-recent-hits-on-refineries
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US, Europe to up Iran sanctions as Israel pressed to ditch threatened retaliation
timesofisrael.com/us-europe-to-up-iran-sanctions-as-israel-pressed-to-ditch-threatened-retaliation/
Ukraine is ignoring US warnings to end drone operations inside Russia - Euromaidan Press
euromaidanpress.com/2024/04/19/ukraine-is-ignoring-us-warnings-to-end-drone-operations-inside-russia/
How India’s imports of Russian oil have lubricated global markets: But as the country’s importance in the global oil market grows, risks loom
economist.com/asia/2024/04/11/how-indias-imports-of-russian-oil-have-lubricated-global-markets
Self belief: I always knew I was built to be an entrepreneur : Eutycus Mwenda is the founder of Milestones Supplies, a fuel depot in Meru town.
nation.africa/kenya/life-and-style/mynetwork/self-belief-i-always-knew-i-was-built-to-be-an-entrepreneur--4593622
Iran-Israel war: Impact on the economy and financial markets - Companies - The Jakarta Post
thejakartapost.com/business/2024/04/24/iran-israel-war-impact-on-the-economy-and-financial-markets.html
Ithaca Energy snaps up Eni's UK assets in $940 million North Sea deal: Ithaca Energy has agreed to buy nearly all of Eni's UK-based oil and gas producing assets ...
reuters.com/business/energy/ithaca-energy-buy-enis-uk-assets-about-940-mln-2024-04-23/
Is China stockpiling oil and other resources in case of future war?
deccanherald.com/world/is-china-stockpiling-oil-and-other-resources-in-case-of-future-war-2993776
ECB’s Villeroy says oil uncertainty won’t stop June rate cut: Villeroy has been a vocal supporter of rates cut but more hawkish colleagues have expressed varying ...
businesspost.ie/news/ecbs-villeroy-says-oil-uncertainty-wont-stop-june-rate-cut/
Paid articlePaid TotalEnergies Eyes South Africa Fuel Trade With Imports Surging: French oil major TotalEnergies SE plans to expand fuel trade with South Africa after a wave of ...
bloomberg.com/news/articles/2024-04-23/totalenergies-eyes-south-africa-fuel-trade-with-imports-surging
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The Michelin Man Wants To Talk About His Future And Reincarnation: The future of the tire business isn't in petroleum replacement but in recycling what ...
thedrive.com/news/michelin-sustainability-recycling-news
Moscow Potentially Spying Through ‘Shadow Fleets’: Swedish Navy Chief: The official said Sweden is now closely monitoring the ships Russia has used to bypass oil ...
kyivpost.com/post/31542
Reuters: Russia's April oil and gas revenue to double compared to 2023, slightly drop from March
kyivindependent.com/reuters-russias-april-oil-and-gas-revenue-to-double/
Today in Norway: A roundup of the latest news on Wednesday: Farmers to make demands to the government, two out of three oil jobs to disappear ...
thelocal.no/20240424/today-in-norway-a-roundup-of-the-latest-news-on-wednesday-150
Russian ministry sees 2024 GDP at 2.8%, but with higher inflation, weaker rouble: Russia's economy ministry improved its expectations for 2024 gross domestic ...
reuters.com/world/europe/russian-ministry-sees-2024-gdp-28-with-higher-inflation-weaker-rouble-2024-04-23/
Next EU sanctions package to target Russian shadow oil fleet : The new EU sanctions package against Russia will impose limits on the shadow fleet of tankers ...
pravda.com.ua/eng/news/2024/04/22/7452372/
Investors push Equinor to align strategy with global climate goal: Investors have filed a resolution at Norwegian oil company Equinor , majority owned by the ...
reuters.com/sustainability/climate-energy/investors-push-equinor-align-strategy-with-global-climate-goal-2024-04-22/
Orlen Sheds More Light on How Its Swiss Unit Lost $400 Million: Poland’s largest business, the oil company Orlen SA, set out a more detailed account of how it ...
bloomberg.com/news/articles/2024-04-23/orlen-sheds-more-light-on-how-its-swiss-unit-lost-400-million
Taking the good with the bad on Earth Day: While there is plenty to be concerned about when it comes to the climate, the news is not all doom and gloom.
richmond.com/news/nation-world/business/economy/taking-the-good-with-the-bad-on-earth-day/article_d4cc7473-806f-500c-a375-5b0b80e74a1e.html
Quick Glance: Insights into Earth Day Revealed
- Over 8 billion people populate Earth, awaiting a spring holiday to underscore the importance of caring for their abode.
- Originating in 1970, Earth Day on April 22 aimed to raise awareness about environmental degradation, expanding to over 190 countries since.
- This year's theme 'Planet vs. Plastics' urges leaders, businesses, and individuals to cut plastic production by 60% by 2040, striving for complete single-use plastic elimination by decade's end.
- Since its inception in 1970, Earth Day has engaged 20 million, leading to the Environmental Protection Agency's establishment and global expansion in 1990.
Reduction of fuel prices is great but Kenyans want to feel the impact: Prices of basic commodities should be lowered by manufacturers and suppliers.
nation.africa/kenya/blogs-opinion/cutting-edge/reduction-of-fuel-prices-is-great-but-kenyans-want-to-feel-the-impact-4597694
ECB governors stick to plan for multiple rate cuts despite global headwinds: European Central Bank officials are sticking to plans to cut interest rates multiple ...
reuters.com/markets/europe/ecb-governors-stick-plan-multiple-rate-cuts-despite-global-headwinds-2024-04-22/
ECB's June rate cut plan bolstered by confirmed eurozone inflation fall: Inflation in the eurozone decelerated across the board in March, as per final data from ...
dailysabah.com/business/economy/ecbs-june-rate-cut-plan-bolstered-by-confirmed-eurozone-inflation-fall
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Pace of Russian oil refining nearing 11-month low: The rate of Russian refining is approaching an 11-month low as floods disrupt refinery operations and repairs ...
pravda.com.ua/eng/news/2024/04/22/7452404/
Venezuela criticizes return of US sanctions and claims it did not pledge to let opposition leader run in election
english.elpais.com/international/2024-04-18/venezuela-criticizes-return-of-us-sanctions-and-claims-it-did-not-pledge-to-let-opposition-leader-run-in-election.html
Quick Glance: US to Reinstate Sanctions on Venezuela’s Oil and Gas Sector
- The United States will reimpose sanctions on Venezuela’s oil and gas sector due to the Maduro government's failure to allow 'an inclusive and competitive election' to take place.
- The US government decided not to renew the temporary authorization (General License 44) that allowed transactions with Venezuela's national oil and gas sector without fear of sanctions, citing the Maduro government's failure to uphold key areas of the 'Barbados Agreement.'
- While the impact of revoking the authorization could not be quantified, another authorization from 2022 allowing the oil company Chevron to resume limited resource extraction operations in Venezuela will remain in place.
- Despite reinstating sanctions, a US official emphasized that this should not be seen as a final decision on Venezuela's electoral capabilities, and efforts to support a better future for the country will continue.
Oil prices hold steady despite growing tensions in Middle East: The price of Brent crude oil has fallen over the last week despite Iran launching a major attack ...
businesspost.ie/analysis-opinion/oil-prices-hold-steady-despite-growing-tensions-in-middle-east/
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Louisiana’s flagship university lets oil firms influence research – for a price: Louisiana State University allowed Shell to influence studies after a $25m ...
theguardian.com/us-news/2024/apr/21/louisiana-state-university-oil-firms-influence
What Norway’s Home Guard can teach us about preparing for emergencies: The government is using well-trained civilians to protect energy installations against ...
ft.com/content/26eabe2c-d2cf-454e-923f-f9200a19ec8f
Oil price eases on hopes of Middle East de-escalation after attacks: Iran produces more than three million barrels of crude oil a day as a major producer within ...
irishexaminer.com/business/economy/arid-41374870.html
Quick Glance: Oil Prices Could Witness a 'Super Spike Well Above $100' Post Iran's Strike on Israel
- Market analysts predicted that oil prices could surge to $100 per barrel and beyond after Iran conducted an aerial attack on Israel, reigniting concerns of a regional war.
- Iran carried out an aerial attack on Israel on Saturday night, launching over 300 drones and missiles, marking the first direct military attack by Iran on the Jewish state.
- Insufficient investment renders the supply more fragile, raising the likelihood of a 'super spike well above $100' if the supply is disrupted.
- Recent months have seen oil prices rise due to trade disruptions and delays caused by maritime attacks in the Red Sea by the Houthis, who express solidarity with the Palestinian people.
$5-6bn upgrade of refineries hits snags: ISLAMABAD: The upgrade of local refineries under the amended brownfield refinery policy has hit snags mainly because of ...
thenews.com.pk/print/1180346-5-6bn-upgrade-of-refineries-hits-snags
Lagarde says ECB will cut rates soon, barring any major surprises; notes 'extremely attentive' to oil
cnbc.com/2024/04/16/lagarde-says-ecb-will-cut-rates-soon-barring-any-major-surprises.html
TotalEnergies investors call for split of CEO and chair roles: A group of TotalEnergies investors is calling for the French oil and gas major to split the roles ...
reuters.com/business/energy/investors-ask-totalenergies-split-ceo-board-chair-roles-ahead-may-agm-2024-04-18/
Morning Bid: Recoiling oil and dollar sow calm as tech earnings loom: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-18/
Russian Diesel Exports Continue Plunge in Wake of Drone Attacks: Russia’s diesel exports are continuing to plunge in the weeks after drone attacks on the ...
bloomberg.com/news/articles/2024-04-18/russian-diesel-exports-continue-plunge-in-wake-of-drone-attacks
Reliance tries to sell US oil as Russian flows gain
deccanherald.com/business/companies/reliance-tries-to-sell-us-oil-as-russian-flows-gain-2981790
The renegotiation debate of the 2016 Petroleum Agreement: What are the considerations? - Guyana Chronicle
guyanachronicle.com/2024/04/17/the-renegotiation-debate-of-the-2016-petroleum-agreement-what-are-the-considerations/
A Falling Euro Is Not The ECB's Biggest Headache: Along with rising speculation of EUR/USD approaching parity, the old question of how the European Central Bank ...
think.ing.com/articles/falling-euro-is-not-even-the-ecbs-biggest-headache/
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Kasselakis reports of miracle during his baptism: “A Cross was formed from the oil”
keeptalkinggreece.com/2024/04/17/kasselakis-miracle-baptism-cross/
Russia's economic growth to surpass US, advanced economies, IMF says: Russia's economy in 2024 is expected to grow by 3.2%, outpacing the US, Germany, the UK ...
businessinsider.com/russia-economy-grows-faster-than-all-advanced-economies-imf-2024-4
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Nigeria: Govt Must Halt Shell's Sale of Its Niger Delta Business Unless Human Rights Are Fully Protected
allafrica.com/stories/202404150023.html
Locals protest compulsory land acquisition in Uganda’s oil-belt : Mr Mwesige said the swift court ruling – delivered within four days and after one hearing – ...
monitor.co.ug/uganda/news/national/locals-protest-compulsory-land-acquisition-in-uganda-s-oil-belt--4593486
Russia managed to quickly repair some of its key refineries – Reuters: Russia has managed to quickly repair some of the critical refineries that were hit by ...
pravda.com.ua/eng/news/2024/04/15/7451330/
Ukrainian drone strikes are hurting Russia’s oil industry: The world’s third-largest producer is now an importer of petrol
economist.com/finance-and-economics/2024/04/11/ukrainian-drone-strikes-are-hurting-russias-oil-industry
Small-scale gas suppliers worry over centralised imports plan: Epra last week said it is looking into the possibility of restricting LPG imports and would only ...
standardmedia.co.ke/financial-standard/article/2001493287/small-scale-gas-suppliers-worry-over-centralised-imports-plan
‘Quality concerns’ disrupt petrol sales in Southern Cape: Unexplained damage to vehicle paintwork from the petrol prompts oil companies to tell retailers to ...
timeslive.co.za/sunday-times/news/2024-04-14-quality-concerns-disrupt-petrol-sales-in-southern-cape/
Paid articlePaid Washington Post: US request not to target Russian oil refineries 'irritated' Zelensky
kyivindependent.com/washington-post-us-request-not-to-target-russian-oil-refineries-irritated-zelensky/
The effect Iran's attack on Israel could have on commodities: In the wake of Iran's recent offensive against Israel, investors have been on edge ...
euronews.com/business/2024/04/15/how-irans-attack-on-israel-could-impact-commodities
Relief for consumers as electricity prices fall for third consecutive month: Epra has reduced power prices by Sh2.1 per unit.
nation.africa/kenya/business/relief-for-consumers-as-electricity-prices-fall-for-third-consecutive-month-4590734
Russian oil and products trapped on tankers hit by new Iran-related sanctions | eKathimerini.com
dlvr.it/T5QVLy
Polish Finance Minister Urges Prosecutors to Scrutinize Orlen: Poland’s state prosecutors should look “thoroughly” into state-run Orlen SA following revelations ...
bloomberg.com/news/articles/2024-04-12/polish-finance-minister-urges-prosecutors-to-scrutinize-orlen
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Attacks on Russian refineries may disrupt global oil markets - IEA: The International Energy Agency (IEA) has supported the United States' position that ...
ukrinform.net/rubric-economy/3851672-attacks-on-russian-refineries-may-disrupt-global-oil-markets-iea.html
State to audit Tullow’s Kenya oil project cash use: British firm’s Kenya budget for this year is the same as that spent in 2023.
nation.africa/kenya/business/state-to-audit-tullow-oil-spending--4587760
Daily oil production in Gabar hits 40,000 barrels - Latest News: The oil production facilities in the Gabar Mountain region of Şırnak broke the record in the ...
hurriyetdailynews.com/daily-oil-production-in-gabar-hits-40-000-barrels-192379
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