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A service for global professionals · Thursday, March 23, 2023 · 623,807,852 Articles · 3+ Million Readers
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Russia & CIS OPEC Newswire

  • Published on Mar 22, 2023

    Little-Known Traders Now Rule Russian Oil Markets

    Historically, giant commodity traders such as Switzerland's Vitol, Glencore, and Gunvor as well as Singapore’s Trafigura have dominated the global oil trade while smaller trading desks that lack the wherewithal and deep infrastructure networks of the …

    Source: Oil Price - Neutral
  • Published on Mar 22, 2023

    Ease in Banking Crisis Worries Hikes Oil Prices by 2%

    By Adedapo Adesanya Oil prices improved by more than 2 per cent on Tuesday as the rescue of Credit Suisse allayed concerns of a banking crisis that would hurt economic growth and cut fuel demand. Brent crude grew by $1.53 or 2.1 per cent to at $69.33 a …

    Source: BusinessPost Nigeria - Uncategorized
  • Published on Mar 22, 2023

    Oil up 2% as dollar weakens on small US Fed rate hike

    By Scott DiSavino NEW YORK (Reuters) -Oil prices rose about 2% to a one-week high on Wednesday as the dollar slid to a six-week low after the U.S. Federal Reserve delivered an expected small rate hike while hinting that it was on the verge of pausing …

    Source: Global Banking & Finance Review - Neutral
  • Published on Mar 22, 2023

    OPEC+ Will Not Change Output Policy Despite The Oil Price Plunge

    Charles Kennedy Charles is a writer for Oilprice.com More Info By Charles Kennedy - Mar 22, 2023, 8:25 AM CDT The OPEC+ group is not expected to change its production policy despite the oil price plunge last week. Banking concerns sent oil prices tumbling, …

    Source: Oil Price - Neutral
  • Published on Mar 22, 2023

    Opec+ likely to stick to its guns despite price slump

    Russia's output cut plan is a unilateral move, delegate says Last October Opec+ agreed on steep output cuts of 2 million bpd until the end of 2023 despite major consumers calling for increases to production. - Reuters file By Reuters Published: Wed 22 …

    Source: Khaleej Times - Pro-Government
  • Published on Mar 22, 2023

    Oil Bulls Counting on Fear of OPEC+ to Replace Fear Over Banks

    Crude prices up 4% in two days after last week’s 13% slide Potentially hawkish Fed could disrupt oil’s continued rebound Crude bulls thus hoping OPEC+ will “fix” market in run-to its April 3 meet From California to Zurich to Washington: The oil trade’s …

    Source: Investing - Neutral
  • Published on Mar 22, 2023

    Alexander Novak’s statement on developments on the oil market

    RUSSIA, March 21 - Today the global oil market is under unprecedented negative pressure from unnatural, man-made factors that create great volatility and uncertainty. These factors include the Western countries’ short-sighted energy agenda aimed at …

    Distribution channels:
  • Published on Mar 21, 2023

    Oil Oversold After Macro Fears Hit Market

    Oil prices plunged 10 percent on macro economic fears in the wake of the collapse of SVB despite a ... [+] well-supplied market. (Photo by David McNew/Getty Images)Getty Images The macroeconomic fears in the wake of the latest banking crisis have …

    Source: Forbes - Neutral
  • Published on Mar 22, 2023

    Western Oil Companies To Bolster Presence In China’s Arch Rival

    The signing of a memorandum of understanding (MoU) between India’s largest crude oil and natural gas company in India, Oil and Natural Gas Corp (ONGC), and France’s leading energy oil and gas firm, TotalEnergies, as recently tweeted by the French company, …

    Source: Oil Price - Neutral
  • Published on Mar 22, 2023

    OPEC insists on $12.1 trillion investments to fund oil sector

    •.Stakeholders canvass for more investment into fossil fuels despite backlash The Organisation of Petroleum Exporting Countries (OPEC) has reiterated the need to pump more money into the oil sector, stressing that about $12.1 trillion investment is …

    Source: The Guardian (Nigeria) - Center-right
  • Published on Mar 21, 2023

    OPEC deal contributed in addressing oil market challenges -secretary general

    BAGHDAD, March 21 (Reuters) - OPEC Secretary-General Haitham al-Ghais said the group's agreement to reduce production has helped address challenges facing global oil markets, Iraq's oil ministry quoted him as saying on Tuesday. Al-Ghais, who is on …

    Source: Reuters - Neutral
  • Published on Mar 22, 2023

    How OPEC Has Filled America’s Russian Oil Void

    A little over a year ago, the United States government banned the importation of Russian crude, petroleum, oils and products of their distillation, LNG coal and coal products. Whereas the United States was nowhere near as dependent on Russian energy …

    Source: Oil Price - Neutral
  • Published on Mar 21, 2023

    Oil rises 2% in retreat from 15-mth low as banking fears subside

    By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose more than 2% on Tuesday, extending a retreat from a 15-month low hit the previous day, as the rescue of Credit Suisse allayed concerns of a banking crisis that would hurt economic growth and cut fuel …

    Source: Investing - Neutral
  • Published on Mar 21, 2023

    Oil Prices Near $75 As Russia Extends Output Cut Through June

    Russia will continue its 500,000 barrel per day crude oil production cut through the end of June this year, Russia's Deputy Prime Minister Alexander Novak said on Tuesday.  Russia first announced the 500,000 bpd production cut in February after Novak …

    Source: Oil Price - Neutral
  • Published on Mar 21, 2023

    Crude Oil Futures Rise For 2nd Straight Day, Settle Sharply Higher

    Crude oil prices climbed higher on Tuesday, gaining for a second straight session, amid improving risk sentiment thanks to the coordinated efforts by major central banks to rescue troubled U.S. and European banks. The dollar was quite subdued today with …

    Source: RTTNews - Neutral
  • Published on Mar 20, 2023

    U.S. oil exports to Europe hit record in March on steep discounts

    HOUSTON, March 20 (Reuters) - U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the global benchmark and weaker oil demand by U.S. refineries. Record exports to Europe and …

    Source: Reuters - Neutral
  • Published on Mar 21, 2023

    Russia will keep cutting oil output through June

    Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will continue a 500,000 barrels per day oil production cut until the end of June. “At the moment, Russia is close to achieving the target level of reduction — it will be reached in …

    Source: CNN - Neutral
  • Published on Mar 21, 2023

    Oil Traders Assess Bank Shock at Swiss Palace Meetup

    (Bloomberg) -- Hello and welcome to Energy Daily, the Bloomberg newsletter you’ve known as Elements. The name is new, but the mission is the same: to be your guide to the energy and commodities markets powering the global economy, leveraging the expertise …

    Source: BNN Bloomberg - Neutral
  • Published on Mar 20, 2023

    Iran Welcomes Foreign Investment in Oil, Gas Projects: Ministry

    The announcement came after a senior official from Saudi Arabia announced their readiness to invest in Iranian development projects. The Oil Ministry's statement did not mention any specific country or company but stated that any offer of investment …

    Source: Tasnim News Agency - Gov't Propaganda

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