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(Reuters) – Kremlin spokesman Dmitry Peskov said on Thursday that Moscow was able to supply high-quality oil at lower prices to countries that U.S. President Donald Trump is trying to persuade to stop buying Russian oil. Peskov said that the principles of free trade would be violated if such countries were deprived of the right …
With ongoing discussions about diversifying Alberta’s crude oil export routes, selecting the right destination port on British Columbia’s northern coast is critical. This analysis examines Prince Rupert as a prime candidate, highlighting why it stands out as the best choice for a new Alberta crude oil pipeline. Geographic and Logistical Advantages Prince Rupert is Canada’s …
Here are some of the main parts of his speech. He spoke in Russian and his words were translated by Reuters. ON FUTURE OF OIL MARKET: “According to estimates, global oil demand this year will amount to 104.5 million barrels per day, more than a million more than last year. The main factors driving consumption …
Putin Speaks on Oil, Gas, Coal and Nuclear at Russian Energy Week Read More »
(Reuters) – Bank of America on Wednesday said that if U.S.-China trade tensions intensify while OPEC+ production ramps up, Brent prices could slip below $50 a barrel. The bank maintained its Brent forecast at $61 a barrel for the final quarter of 2025 and $64 a barrel for the first half of 2026, citing a …
BofA Says US-China Trade Tensions, OPEC+ Output Boost Could Push Brent Below $50 Read More »
ROME, Oct 15 (Reuters) – A Ukrainian man suspected of coordinating the 2022 attacks on the Nord Stream gas pipelines will not be handed over to the German authorities for the moment after Italy’s top court on Wednesday upheld an appeal against his transfer, his lawyer said. The man, identified only as Serhii K. under …
Nord Stream Sabotage Suspect Wins Reprieve in Italian Court Battle Read More »
(Reuters) – Trading firms have diverted at least five more crude oil tankers from a major port in eastern China after the U.S. imposed sanctions on an import terminal there, according to trading sources and shipping data. The U.S. sanctions have disrupted plans for the country’s refiners to unload their cargoes at the port of …
Tanker Diversions From Sanctioned Chinese Terminal May Cause Congestion at Other Ports Read More »
By Olesya Astakhova and Vladimir Soldatkin Novak says OPEC+ key to long-term national interests OPEC head repeats call for investments in oil and gas Energy security key to climate action success, Saudi minister says Saudi minister sees Europe struggling with transition challenge MOSCOW, Oct 15 (Reuters) – Collective action within oil producer group OPEC+ is …
OPEC+ is Key to Strengthening Russia and Saudi Interests, Russia Says Read More »
Oct 15 (Reuters) – The Organization of the Petroleum Exporting Countries (OPEC) is moving to appoint “one of the top consultants” to visit member states and assess their production capacity in the coming months, Kuwait’s oil minister Tareq Al-Roumi said on Wednesday. OPEC+ ministers asked OPEC’s headquarters in May to develop a mechanism to assess …
OPEC to Hire Consultant to Assess Members’ Capacity, Says Kuwaiti Minister Read More »
Summary OPEC head repeats call for investments in oil and gas Energy security key to climate action success – Saudi minister Saudi minister sees Europe struggling with transition challenge (Reuters) – The head of OPEC and the producer group’s most influential energy minister on Wednesday defended oil’s role in providing secure energy supplies, pushing back …
OPEC Doubles Down on View That Oil Demand Will Stay Strong Read More »
Ukrainian long-range drones at an undisclosed location in February. Photographer: Evgeniy Maloletka/AP Photo The impact from Ukrainian drone strikes will suppress Russia’s refinery processing rates until at least mid-2026, the International Energy Agency says in its latest monthly oil-market report. Kyiv has been intensifying attacks on its foe’s energy infrastructure — including oil refineries, pipelines …
IEA Sees Drone Hits Weighing on Russia Refinery Runs to Mid-2026 Read More »
