Tag Archives: oil

Bangladesh has been hit hard by the global surge in energy and food prices; the IMF has agreed a US$4.7 billion support package. Source link

The EU’s ban on Russian oil products from February 5 could spell more turmoil for the Kremlin as China and India are unlikely to buy refined fuels once sold to the EU, unlike the crude oil they snapped up. Source link

Demand is soaring for oil storage tanks in Singapore, in a sign that a flood of Russian fuel is being blended and re-exported globally. Source link

Republicans argue the American leader’s decision last year to release 180 million barrels from the national reserve hurt energy security. Source link

Russia fired 33 missiles from multiple rocket launchers at civilian targets in Kherson, Ukraine said. Russia denies targeting civilians. Source link

Russia said it would continue to find buyers, despite what it said was a ‘dangerous’ attempt by the West to introduce a price cap on its oil exports. Source link

Riyadh is interested in becoming an observer and Tehran is on its way to becoming a member of the China-led group. Source link

On Friday, the EU, G7 and Australia agreed a US$60-per-barrel price cap on Russian oil, which will come into effect on Monday or soon after, alongside an EU embargo on maritime deliveries of Russian crude oil. Source link

The new 300-megawatt plant, known as Karoon, will be located in Iran’s oil-rich Khuzestan province and will take eight years to build and cost around US$2 billion, state media reported. Source link

Shipping brokers and analysts estimate Moscow quietly amassed more tankers this year after new Western sanctions. Also, 6 million tons of wheat was collected from areas controlled by Russia, Nasa says. Source link