02:14 PM @ 20/07/2022
Russian President Vladimir Putin said on Wednesday (20 July) that capacity of the Nord Stream 1 gas pipeline, the single largest link for Russian gas supplies to Europe, could be further reduced due to slow progress in equipment maintenance.SEE MORE04:28 PM @ 19/07/2022
The United States believes that OPEC’s Middle Eastern producers have room to boost production and will take “a few more steps” to boost supply to the oil market soon, according to Amos Hochstein, the special presidential coordinator for international energy affairs.SEE MORE03:46 PM @ 19/07/2022
Following securities and cryptocurrency shocks, investors are now worried as gold prices have been falling.SEE MORE05:08 PM @ 18/07/2022
Crude prices fell more than $1/bbl on Monday on worries that China, the world’s second-largest oil consumer, will impose further lockdowns on the back of rising COVID-19 cases.SEE MORE04:28 PM @ 18/07/2022
Crude futures were higher during mid-afternoon trading in Asia July 18 on the back of investors weighing Europe's vulnerability to oil and gas supplies during the upcoming heating season and Saudi Arabia's new commitment to OPEC+ following the visit of US President Joe Biden to the country.SEE MORE
