The announced sale of US reserves lowered oil pricesCommodities

The announced sale of US reserves lowered oil prices

Oil prices fell below $85 a barrel on Tuesday as investors remained wary of aggressive interest rate hikes in the…

The sanctions against Russia are finally workingCommodities

The sanctions against Russia are finally working

Russia did not voluntarily decide to reduce oil production from March, but had to do so, said Estonian politician and…

Everyone should work on energy transition   Commodities

Everyone should work on energy transition  

Secretary General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, called for increased investment in oil exploitation to…

Russia might limit oil productionCommodities

Russia might limit oil production

The Deputy Prime Minister said that there are risks of reducing oil production, but they will be evaluated shortly. Novak…

Brent oil is now at $85Commodities

Brent oil is now at $85

In addition, the weekly report showed a drop in inventories, heralding stronger demand, the Mina agency reports. According to data…

French farmers are protesting over pesticidesCommodities

French farmers are protesting over pesticides

French farmers rode hundreds of tractors into Paris today to protest restrictions on the use of pesticides and other environmental…

Economic consequences of the Russian oil banCommodities

Economic consequences of the Russian oil ban

The price cap of $60 per barrel for Russian oil, imposed by the EU and the G7, may destabilize the…

Shell plc Reported the Biggest Profit in 115 YearsCommodities

Shell plc Reported the Biggest Profit in 115 Years

Oil and gas giant Shell plc (SHELL) posted a record profit of $39.9 billion in 2022, the company said today,…

Chaos Expected in The Oil Market   Commodities

Chaos Expected in The Oil Market  

On December 5, the Group of Seven introduced a price ceiling for Russian oil of $60. This came in addition…

Brent Continues to DropCommodities

Brent Continues to Drop

The price of a barrel in the London market is currently $82.60. On the American market, the value of oil…