OPEC+ maintains stable policy amid weakening economy, Russian oil cap

OPEC+ maintains stable policy amid weakening economy, Russian oil cap

No discussions on the Russian price ceiling – delegates Oil prices have come under pressure from a weak economy Further meetings will be held on February 1 and 3-4. June LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed at a meeting on Sunday to stick to its oil production targets as oil markets struggled to assess … Read more

The EU tentatively approved a price ceiling for Russian offshore oil of USD 60

The EU tentatively approved a price ceiling for Russian offshore oil of USD 60

BRUSSELS, Dec 1 (Reuters) – European Union governments tentatively agreed on Thursday to cap the price of Russian offshore oil at $60 a barrel – an idea of ​​the Group of Seven (G7) nations – with an adjustment mechanism to keep the cap at 5%. below the market price, according to diplomats and a document … Read more

Ukraine claims that Russia is withdrawing forces from the river towns opposite Kherson

Ukraine claims that Russia is withdrawing forces from the river towns opposite Kherson

Kyiv: Russia withdraws some troops from Oleshka, nearby towns Heavy trench warfare in the east with the onset of winter The mayor of Kyiv says to stock up on food and warm clothes The EU has tentatively agreed on a price ceiling for oil Kherson, Ukraine, Dec 1 (Reuters) – Ukraine’s military said on Thursday … Read more

The EU failed to agree on a price ceiling for Russian oil, diplomats say

The EU failed to agree on a price ceiling for Russian oil, diplomats say

BRUSSELS, Nov 28 (Reuters) – European Union governments failed to agree on a price cap for Russian offshore oil on Monday, as Poland insisted the cap must be set lower than proposed by the G7 to reduce Moscow’s ability to finance its invasion. Ukraine, diplomats said. “There is no agreement. The legal texts have now … Read more

Oil prices erase 2022 gains as Chinese protests raise demand concerns

Oil prices erase 2022 gains as Chinese protests raise demand concerns

WTI is at its lowest since December 2021, Brent at its lowest since January 2022 Clashes in Shanghai as COVID protests across China Investors are focused on the next OPEC+ meeting on December 4 Nov 28 (Reuters) – Oil prices fell to near their lowest this year on Monday as street protests against strict COVID-19 … Read more

Oil muted as price cap proposal eases supply concerns

Oil prices erase 2022 gains as Chinese protests raise demand concerns

G7 Russian oil price ceiling could be above current trading levels EIA gasoline inventory data shows higher-than-expected production volume China’s COVID-19 controls are tightening Nov 24 (Reuters) – Benchmark Brent crude fell slightly on Thursday, while West Texas Intermediate (WTI) crude held steady and hovered within sight of two-month lows as the level of a … Read more

Ukrainians suffer in the cold and darkness as the president pleads with the UN to punish Russia

Ukrainians suffer in the cold and darkness as the president pleads with the UN to punish Russia

Power outages widen as Russia targets power grid USA: Russia is trying to freeze Ukraine into obedience Crews are working to restore power, water “We are an unbreakable people,” says President Zelensky WASHINGTON/KYIV, Nov 24 (Reuters) – Ukrainian President Volodymyr Zelensky called on the United Nations Security Council to take action against Russia over airstrikes … Read more

COP27 brings climate fund breakthrough at the cost of progress on emissions

COP27 brings climate fund breakthrough at the cost of progress on emissions

The COP27 climate summit ends after a marathon weekend of negotiations The final agreement brings about the creation of a historic climate finance fund Negotiators say some have blocked stricter emissions targets SHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) – Countries closed this year’s U.N. climate summit on Sunday with a hard-fought agreement to create a … Read more

COP27 is nearing a breakthrough on climate finance in the quest for a final deal

COP27 is nearing a breakthrough on climate finance in the quest for a final deal

The countries are studying the details of the new draft agreement Delegates herald a possible breakthrough in loss and damage The US proposes a “phase-out” of fossil fuels Some nations want firmer goals in long-term activity Sharm EL-SHEIKH, Egypt, Nov 19 (Reuters) – Negotiators at the COP27 climate summit in Egypt were on Saturday close … Read more