Tagged: Oil

28th March 2022

Oil falls as Shanghai lockdown boosts fears over weaker demand

Oil prices fell more than $3 on Monday as fears over weaker fuel demand in China grew after its financial hub of Shanghai launched a planned two-stage lockdown on Monday to contain a surge...

Russia / Saudi Arabia / United States

25th March 2022

Russian agents charged with targeting U.S. nuclear plant, Saudi oil refinery

U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery. The announcement was paired...

Japan / Russia

24th March 2022

Japan unsure how Russia will execute rouble payments for energy sold to ‘unfriendly’ nations

Japan does not know how Russia will handle the required rouble payments for its energy sold to “unfriendly” countries, the finance minister said on Thursday. Japan accounted for 4.1% of Russia’s crude oil exports...

Oil Economy

10th February 2022

Analysis: After oil, gas and coal, global fuel shortage spreads to diesel

Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has already sent the prices of gas, coal and crude...

Oil Economy

1st February 2022

Oil spill pollutes nature reserve in Ecuadoran Amazon

An oil spill in eastern Ecuador has reached a nature reserve and polluted a river that supplies water to indigenous communities, the country’s environmental ministry said Monday. Nearly two hectares (five acres) of a...

Asia / Opinion

18th January 2022

Kazakhstan fuel protest: cry for a bigger change

From the beginning of this year Kazakhstan has descended into a very chaotic state of affairs that was rekindled due to the sudden increase in fuel price to 120 Tenge (from 60 Tenge). Protests...

Oil Economy / Opinion

11th January 2022

Strategic Petroleum Reserves and Its Significance

What is Strategic Petroleum Reserves (SPR) GSPRs are reserves of raw petroleum kept up by nations or private enterprises as a fence against potential future energy emergencies. They are a line of defence against...

Asia

5th January 2022

Kazakhstan declares state of emergency in protest-hit city, province

Kazakh President Kassym-Jomart Tokayev has declared a two-week state of emergency in the Central Asian nation’s biggest city Almaty and in the western Mangistau province where protests turned violent, his office said early on...

Middle East Monitor

29th December 2021

Iran seeks to cool tensions in Iraq

Iran is intervening in Iraq to quell destabilising internal unrest stirred up by Iranian-backed militias. The actions come as Tehran seeks to preserve its deep influence in the country while also navigating tense negotiations...

Middle East Monitor

27th December 2021

Venezuela’s president to visit Iran ‘very soon’

Venezuelan President Nicolas Maduro said on Sunday he will soon visit Iran to finalize new agreements on cooperation with the Middle Eastern country, which has become Venezuela’s top ally in boosting oil output amid...