10:38 PM @ 06/12/2022
Russia increased its crude production by 2.2% in the first 11 months of the year, despite facing several oil export sanctions, the country’s Deputy Prime Minister Alexander Novak said on Tuesday.SEE MORE10:24 PM @ 06/12/2022
Oil prices declined on Tuesday, dropping to the lowest level of the past two weeks with demand concerns due to ongoing coronavirus restrictions in the world’s second-largest oil consumer China, coupled with a rise in the US dollar index that is making dollar-priced oil more expensive for buyers.SEE MORE09:51 PM @ 06/12/2022
Euro zone inflation may have peaked but will subside so slowly that it could be years before it gets back to the European Central Bank's 2% target, keeping pressure on the ECB to tighten policy well into 2023.SEE MORE04:24 PM @ 06/12/2022
Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of China's COVID curbs bolstered the demand outlook.SEE MORE04:26 PM @ 05/12/2022
As part of the sanctions imposed against Russia over its special operation in Ukraine, the European Union reached an agreement on Friday on setting a price cap on Russian seaborne crude at $60 per barrel. On the same day, the G7 nations and Australia also agreed to set a $60 price ceiling on oil from Russia.SEE MORE
