Home » Posts tagged 'Tsvetana Paraskova' (Page 2)
Tag Archives: Tsvetana Paraskova
Refinery Shuts Down Due To Lack Of Crude
Refinery Shuts Down Due To Lack Of Crude A South African refinery has shut down operations and declared force majeure on the supply of petroleum products due to a delay in the shipment of crude, which highlights the fact that the physical market for crude is tight these days despite a slump in paper-traded oil […]
Record UK Gasoline Prices See Biggest Daily Surge In 17 Years
Record UK Gasoline Prices See Biggest Daily Surge In 17 Years UK gasoline prices continue to set records, with the daily price jump between Monday and Tuesday at its highest in 17 years, RAC, the UK’s longest-serving motoring organization, says. “The average price of petrol endured its biggest daily jump in 17 years by going […]
Turkey Hit By Unprecedented Power Outages As Iran Halts Gas Flows
Turkey Hit By Unprecedented Power Outages As Iran Halts Gas Flows A disruption to natural gas imports from Iran has caused an unprecedented level of power cuts in Turkey. The power cuts have largely impacted major industrial zones, with some companies forced to halt production as a result. Iran claims that its natural gas flows […]
China Set To Release Crude From Strategic Reserve In Early February
China Set To Release Crude From Strategic Reserve In Early February China has agreed with the United States to release crude from its SPR around the Lunar New Year holiday on February 1 The volume of the release may depend on actual crude prices China has agreed with the United States to release crude from […]
Germany To Become Net Power Importer For The First Time Since 2002
Germany To Become Net Power Importer For The First Time Since 2002 Europe’s largest economy, Germany, is expected to become a net importer of electricity in 2023 for the first time since 2002 due to retiring coal plants and the nuclear phase-out, the International Energy Agency (IEA) said on Friday. Germany plans to switch off all its […]
Gas Prices In Europe Are Soaring Again Amid New Cold Snap
Gas Prices In Europe Are Soaring Again Amid New Cold Snap European benchmark natural gas prices rose on Wednesday for the third day in a row, as gas deliveries from Russia via Ukraine and Poland continue to be low while another cold snap is headed to Europe. On Wednesday, natural gas prices at the Dutch […]
Russia Puts The Blame On Europe As Energy Crisis Worsens
Russia Puts The Blame On Europe As Energy Crisis Worsens The EU is reconsidering its position on extending long-term natural gas contracts. Russia has maintained that the contracts are beneficial for Europe and moving away from them would be a mistake. Russia even went as far as suggesting that Europe’s current energy crisis is its […]
BP: Oil Demand Has Already Topped 100 Million Bpd
BP: Oil Demand Has Already Topped 100 Million Bpd BP: Global oil demand has already exceeded the threshold of 100 million barrels per day Demand will continue to increase and reach pre-COVID levels at some point in 2022 Global oil demand has already exceeded the threshold of 100 million barrels per day (bpd) last seen […]
Oil Prices Will Remain High For Years To Come
Oil Prices Will Remain High For Years To Come A growing number of major investment banks are turning bullish on oil in the medium to long term. A lack of investment is leading to supply deficits as demand rebounds to pre-COVID levels. Rebounding consumption and tight supply could push oil prices even higher. Six years […]
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200 $100 Oil is no longer an ‘outrageous’ bet in the call-options market Some speculative traders are now betting on $200 oil in December 2022 For those betting on $100 oil, the leader of the OPEC+ alliance, Saudi Arabia, has a message: look beyond the […]
Putin: $100 Oil Is “Quite Possible”
Putin: $100 Oil Is “Quite Possible” It is “quite possible” that the WTI Crude oil prices reach $100 per barrel in light of growing global demand for energy commodities, Russian President Vladimir Putin said on Wednesday Putin: Russia and its allies in the OPEC+ oil producer group want a stable oil market without any shock […]
The Energy Transition Will Take Decades Not Years
The Energy Transition Will Take Decades Not Years With natural gas, coal, and oil prices all soaring this summer, it is clear that a successful energy transition will take decades not years Some energy transition proponents may have confused Covid energy demand destruction with a change in consumer behavior The truth is that an energy […]
Skyrocketing Energy Prices Could Cripple Europe’s Economy
Skyrocketing Energy Prices Could Cripple Europe’s Economy Surging energy prices in Europe are hurting more than just consumers. The price spikes have started to hit industrial activities, threatening to deal a blow to the post-COVID recovery in European economies with a triple whammy of reduced consumer purchasing power, lower industrial production, and higher operating costs. […]
Why Norway Won’t Give Up On Oil & Gas
Why Norway Won’t Give Up On Oil & Gas Norway doesn’t have any second thoughts about oil exploration and investment in light of the International Energy Agency’s (IEA) report suggesting that no new fossil fuel exploration would be needed for a net-zero world. Western Europe’s biggest oil and gas producer is doubling down on oil […]
European Bank For Reconstruction And Development Ends All Upstream Oil Financing
European Bank For Reconstruction And Development Ends All Upstream Oil Financing The European Bank for Reconstruction and Development (EBRD) will no longer invest in oil and gas exploration and production, the bank’s Managing Director Harry Boyd-Carpenter told Reuters as the institution pledged to align all its activities to the Paris Agreement goals from the end of next […]