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A service for global professionals · Friday, May 27, 2022 · 574,311,651 Articles · 3+ Million Readers
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Central Europe OPEC Newswire

  • Published on 11:01 GMT

    Get Ready For $8-A-Gallon Gas

    The pandemic killed demand for oil and gas, leaving the world vulnerable to Vladimir Putin’s supply-side punch. The upside? Widespread shortages and sky-high prices will finally force meaningful investments in alternatives and even pariahs like nuclear and …

    Source: Forbes - Neutral
  • Published on 07:44 GMT

    Oil on track for weekly rise amid global supply worries

    Oil prices dipped today but stayed near a two-month high, with Brent crude on track for its biggest weekly jump in one and a half months. Prices are also being supported by the prospect of an EU ban on Russian oil and the upcoming US summer driving season. …

    Source: RTE Ireland - Public Broadcaster
  • Published on 09:21 GMT

    Oil on track for weekly rise amid global supply concerns

    LONDON - Oil prices rose on Friday and were on track for weekly gains, supported by a prospect of a tight market due to rising gasoline consumption in the United States in summer, and also the possibility of an EU ban on Russian oil. Brent crude was up 58 …

    Source: Zawya - Uncategorized
  • Published on 13:17 GMT

    Oil Set for Weekly Gains as Traders Eye OPEC+, Russian Output

    "You need a resilient and strong spare capacity to make sure that you can absorb any supply shocks," Nasser said this week. Exacerbating those concerns, Russian oil production is projected to fall by 5% to 8% this year, according to the country…

    Source: Progressive Farmer - Neutral
  • Published on 06:52 GMT

    Brent nears $115 amid looming Russian oil embargo

    Crude oil prices remained on the front foot on Thursday amid consistent supply concerns amid looming European ban on Russian oil, the world’s second-largest oil exporter. As of 1210 hours GMT, Brent, the international benchmark for two-thirds of the world’ …

    Source: Daily Times - Uncategorized
  • Published on 12:46 GMT

    Russian export squeeze 'could push oil past $150'

    EU aiming to impose boycott on Russian crude but Hungary still opposed The price of the global benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday …

    Source: Bangkok Post - Neutral
  • Published on 11:23 GMT

    Brent could push past $150/bbl if Russian oil exports shrink, Bank of America says

    Global oil benchmark Brent crude could rise past $150 a barrel if there is a sharp contraction in Russian oil exports, Bank of America (BofA) Global Research said on Friday. Oil prices surged after Russian's Ukraine invasion, which Moscow calls a …

    Source: Zawya - Uncategorized
  • Published on 14:36 GMT

    Crude Oil Edges Lower; Driving Season Prompts Positive Week

    By Peter Nurse    Investing.com -- Oil prices eased slightly Friday but remained on course for another weekly gain, supported by rising U.S. demand at the start of the summer driving season adding to a tight global market. By 9:15 AM ET (1315 GMT), U.S. …

    Source: Investing - Uncategorized
  • Published on 06:25 GMT

    Crude oil forecast: MCX Crude June futures may rise to Rs 9,100/bbl in next 3-4 sessions; outlook positive

    By Jigar Trivedi WTI crude futures held their recent advance to around $114 per barrel and were on track to close the week higher, buoyed by persistent concerns about tight global supply. EIA data released on Wednesday showed a larger-than-expected …

    Source: Financial Express - Neutral
  • Published on 03:14 GMT

    Oil lingers near 2-month high amid global supply concerns

    SINGAPORE :Oil prices hovered around a two-month high on Friday, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of an EU ban on Russian oil and the coming summer driving season in the United States. …

    Source: Channel News Asia - Neutral
  • Published on 05:00 GMT

    Oil Up, Near Two-Month High as Market Remains Tight

    By Gina Lee Investing.com – Oil was up on Friday morning in Asia, remaining around a two-month high. Brent crude is on track for its biggest weekly jump in one-and-a-half months, supported by the prospect of the European Union (EU)’s ban on Russian oil and …

    Source: Investing - Uncategorized
  • Published on 01:14 GMT

    Oil rises to two-month high on signs of tight supply

    NEW YORK: Oil prices climbed about 3% to a two-month high yesterday on signs of tight supply ahead of the US summer driving season, as the European Union (EU) wrangled with Hungary over plans to ban crude imports from Russia over its invasion of Ukraine. …

    Source: The Sun Daily - Neutral
  • Published on 00:53 GMT

    Oil just off 2-month high amid global supply concerns

    By Stephanie Kelly (Reuters) - Oil prices eased slightly in early Asian trade on Friday, after surging to a two-month high in the previous session as investors focused on signs of tight global supply. Meanwhile, a top Hungarian aide said the country needs …

    Source: Cape Breton Post - Neutral
  • Published on May 26, 2022

    Brent hits 2-month high as potential EU Russian oil embargo tightens supply outlooks

    Highlights EU oil embargo still possible: Habeck Russia's 2022 crude output to slide 5%-8%: Novak UK windfall tax could discourage sector investment ICE Brent futures settled at two-month highs May 26, breaking out of their recent trading range amid …

    Source: S&P Global - Neutral
  • Published on May 26, 2022

    Oil prices jump 3% to 2-month high as EU seeks to ban Russian supply

    By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 3% to a two-month high on Thursday on signs of tight supply ahead of U.S. summer driving season, as the European Union (EU) wrangled with Hungary over plans to ban crude imports from Russia over …

    Source: Business Standard - Neutral
  • Published on May 26, 2022

    Oil rises to 2-month high on tight supplies, EU seeks Russian crude ban

    By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% to a two-month high on Thursday on signs of tight supply ahead of U.S. summer driving season, as the European Union (EU) wrangled with Hungary over plans to ban crude imports from Russia …

    Source: Investing - Uncategorized
  • Published on May 25, 2022

    Oil Mixed As Washington Declares Another SPR Sale

    Meanwhile, mixed signals emerge from the EU's attempt to impose Russian sanctions: File Image/Pixabay Another Strategic Petroleum Reserve sale announced by the U.S. seemed to have a calming effect on traders despite previous SPR sales doing nothing …

    Source: Ship & Bunker - Neutral
  • Published on May 24, 2022

    Oil Unchanged As Promises of EU Ban Against Russia Become Shaky

    Meanwhile, existing bans are having little impact against the former Soviet Union: File Image/Pixabay The possibility that the European Union will not impose bans on oil from Russia after all caused oil trading on Monday to be little changed from last …

    Source: Ship & Bunker - Neutral
  • Published on May 23, 2022

    Oil Posts Minimal Change as the EU Russian Oil Ban Looks Doubtful

    Oil barely budged from last week’s close as the European Union’s proposed ban on Russian oil looked increasingly unlikely to pass when the bloc’s leaders meet next week.  West Texas Intermediate settled one cent higher than its close on Friday, shedding …

    Source: Rigzone - Neutral

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