Gas price shoots up 30% on Russian invasion of Ukraine; Amsterdam stocks facing drop
2 years, 10 months ago

Gas price shoots up 30% on Russian invasion of Ukraine; Amsterdam stocks facing drop

NL Times  

The price of gas shot up by more than 30 percent on Thursday on the leading Amsterdam stock exchange following Russia's invasion of Ukraine. Trading on the Moscow stock exchange was briefly suspended on Thursday, a few hours after Russian President Vladimir Putin announced a military operation in Ukraine. By the end of last year, the price of natural gas already reached a record high due to low reserves, and increasingly strong demand from industries recovering from the coronavirus crisis. Brent oil became 5.6 percent more expensive at USD 102.23 a barrel and cost more than USD 100 a barrel for the first time since 2004.

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Oil rises after investors weigh escalation of Russia-Ukraine war amid rise in US crude stock; Brent at $73
1 month ago

Oil rises after investors weigh escalation of Russia-Ukraine war amid rise in US crude stock; Brent at $73

Live Mint  

International crude oil prices were steady on Wednesday, November 20, as the escalating war between major oil producer Russia and Ukraine offset a rise in US crude and gasoline stocks. Back home, crude oil futures last traded 0.56 per cent lower at ₹5,825 per barrel on the multi commodity exchange. This has put geopolitical risk back in the market However, …

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report
2 years ago

Europe's import of Russian gas jumps 42% amid Russia-Ukraine war: Report

Hindustan Times  

The European Union witnessed a 42 percent increase in the imports of Russian Liquefied Natural Gas between January-October, compared to the same period last year, Financial Times reported. The report said that EU has imported 62.1 billion cubic meters of natural gas this year compared to 17.8 billion cubic meters last year. This comes as Lithuanian Foreign Minister Gabrielius Landsbergis …

The war in Ukraine has reshaped the world’s fuel markets
2 years, 3 months ago

The war in Ukraine has reshaped the world’s fuel markets

The Economist  

Briefing | Docks, stocks and many floating barrels The war in Ukraine has reshaped the world’s fuel markets The Gulf will be a big winner I n 2017 Qatar lifted a 12-year ban on developing the world’s biggest natural-gas field, most of which lies under the waters of the Persian Gulf. The pivot to Asia Russia, seaborne crude-oil exports, barrels …

Ukraine's Zelensky's “good news” on settlements recaptured from Russia
2 years, 3 months ago

Ukraine's Zelensky's “good news” on settlements recaptured from Russia

Hindustan Times  

Ukrainian leader Volodymyr Zelensky spoke of "good news" on the battlefields of eastern Ukraine, saying his army had retaken some towns and villages from Russia in what open source analysts said looked like a deep and sudden thrust behind Russian lines. In his daily late night address on Wednesday, President Zelensky said he had received news that his forces had …

EU plans to cap Russian gas price as Putin issues warning
2 years, 3 months ago

EU plans to cap Russian gas price as Putin issues warning

Al Jazeera  

‘We must cut Russia’s revenues which Putin uses to finance this atrocious war in Ukraine,’ European Commission President Ursula von der Leyen told reporters on Wednesday. The European Union has proposed a price cap on Russian gas just as Russia’s President Vladimir Putin warned that such a move would cause Moscow to cut off all energy supplies. “We will propose …

Russia’s Oil Is in Long-Term Decline – And the War Has Only Added to the Problem
2 years, 5 months ago

Russia’s Oil Is in Long-Term Decline – And the War Has Only Added to the Problem

The Quint  

Yet despite all these restrictions, oil prices fell from their March highs. Asian buyers also welcomed the “opportunity” to buy Russian crude oil at discounted prices: the main product, known as Urals, used to sell at around US$1 per barrel below Brent, but the gap is currently over US$30. In its April report, it expected Russian oil supply that month …

Why US gas prices are at a record, and why they’ll stay high for a long time
2 years, 7 months ago

Why US gas prices are at a record, and why they’ll stay high for a long time

CNN  

New York CNN Business — Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. The good news for drivers is that crude oil prices have been falling in recent days, amid concerns that China keeping Covid lockdowns in place to combat will continue to hurt oil demand. Gas prices could be near …

Petrol price could dip below €2 per liter as oil prices fall to pre-war levels
2 years, 8 months ago

Petrol price could dip below €2 per liter as oil prices fall to pre-war levels

NL Times  

Oil prices fell further on Monday morning and are now nearly back to the pre-Russian invasion of Ukraine levels. The falling oil prices mean there is a possibility that the price for a liter of petrol could dip below 2 euros. Fuel prices have also skyrocketed along with the oil price, which is why the Netherlands and others temporarily lowered …

OPEC sticks to modest boost in oil despite war jitters
2 years, 8 months ago

OPEC sticks to modest boost in oil despite war jitters

Associated Press  

LONDON — OPEC and allied oil producers including Russia decided Thursday to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves. To combat high gasoline prices — averaging $4.24, up $1.38 …

Oil falls below $100 a barrel as Russia-Ukraine de-escalation talks progress
2 years, 8 months ago

Oil falls below $100 a barrel as Russia-Ukraine de-escalation talks progress

Hindustan Times  

Oil slumped as Russia said it was taking steps to “de-escalate” the conflict in Ukraine, while floating the possibility of a meeting between President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelenskiy. Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board, gasoline, diesel fuel, and other petroleum …

Oil dips as Russia signals it’s de-escalating conflict in Ukraine
2 years, 8 months ago

Oil dips as Russia signals it’s de-escalating conflict in Ukraine

Al Jazeera  

Developments with the war in Ukraine and ensuing sanctions on Russia have caused a wild price rollercoaster in the oil market. Oil slumped as Russia said it was taking steps to “de-escalate” the conflict in Ukraine, while floating the possibility of a meeting between President Vladimir Putin and his Ukrainian counterpart Volodymyr Zelenskiy. “Fundamental traders and investors have taken their …

Russia to sell gas in roubles as sanctions bite, ASX turns positive on oil rally
2 years, 9 months ago

Russia to sell gas in roubles as sanctions bite, ASX turns positive on oil rally

ABC  

Russia says it will sell gas to some countries in roubles, and Australian shares have edged higher helped by a new surge in oil prices. Oil prices rose more than 5pc overnight with Brent crude at $US121.57 a barrel Russian President Vladimir Putin said Moscow would seek payment in roubles for gas sales to "unfriendly" countries in response to the …

Oil climbs as EU considers beefing up sanctions on Russian crude
2 years, 9 months ago

Oil climbs as EU considers beefing up sanctions on Russian crude

Al Jazeera  

Prices were also higher with the Caspian Pipeline Consortium’s export terminal on the Black Sea halting loadings. Oil pushed higher ahead of high-level meetings that may result in fresh sanctions on Russia, and as storm damage to a vital Black Sea export terminal compounded supply risks. Prices were also higher on Wednesday with the Caspian Pipeline Consortium’s export terminal on …

Oil spikes back above $100 as Russia fears grow
2 years, 9 months ago

Oil spikes back above $100 as Russia fears grow

CNN  

New York CNN Business — Oil prices surged Thursday back above $100 a barrel on renewed concerns about the war in Ukraine disrupting Russia’s energy supplies. The swift rebound in oil prices will be watched closely by leaders in Washington and on Wall Street because high energy prices threaten to exacerbate inflation and slow the economy. “Given Putin’s actions in …

Russia Ukraine war fallout: Steepest hike ever of 18% in jet fuel price
2 years, 9 months ago

Russia Ukraine war fallout: Steepest hike ever of 18% in jet fuel price

India TV News  

Highlights Jet fuel prices were hiked by over 18% - steepest ever increase, to all-time high levels. Jet fuel prices on Wednesday were hiked by over 18 percent - the steepest ever increase - to all-time high levels after international oil prices surged to a multi-year high. International oil prices had climbed to a 14-year high of near USD 140 …

Removing Russian oil from market would raise prices to over $300/barrel: warns Moscow
2 years, 9 months ago

Removing Russian oil from market would raise prices to over $300/barrel: warns Moscow

India TV News  

Highlights Removing Russian oil from market would make oil prices skyrocket to $300/barrel: Russia's dy.PM Russia is not dependent on the West and can "reroute" its supplies elsewhere, he said. Moscow has "full right" to stop supplying gas via Nord Stream 1 pipeline: Moscow slams Germany. Removing Russian oil from the market would make energy prices skyrocket to over $300 …

Oil prices soar, stocks tank as Russia-Ukraine war rages
2 years, 9 months ago

Oil prices soar, stocks tank as Russia-Ukraine war rages

Al Jazeera  

The price of crude oil has jumped more than $10 a barrel and shares were sharply lower as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Elevated oil prices may pose a threat to firms’ margins and consumer spending outlook.” Some analysts say sanctioning Russian oil will not necessarily harm Moscow. “If Russia gets to …

Oil has wildest week on record as Ukraine crisis roils markets
2 years, 9 months ago

Oil has wildest week on record as Ukraine crisis roils markets

Al Jazeera  

Oil resumed climbing at the end of a week where prices have swung within a $20 range since Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch. “There has been nothing to take the edge out of this market and we’ve had single direction volatility, meaning prices higher,” said Rob Haworth, senior investment strategist at …

Stocks fall, oil tops $100 a barrel as Ukraine war rages
2 years, 9 months ago

Stocks fall, oil tops $100 a barrel as Ukraine war rages

Associated Press  

BEIJING — Asian stock markets slid Wednesday and oil prices surged more than $5 per barrel as Russian forces stepped up attacks on Ukrainian cities. “Russia pumps more than that in just six days.” Late Tuesday, President Joe Biden announced he was joining U.S. allies in closing the country’s air space to Russian aircraft. Economists say Asian economies are less …

European gas prices hit record high as Russia supply fears grow
2 years, 9 months ago

European gas prices hit record high as Russia supply fears grow

Al Jazeera  

Despite Russia’s invasion of Ukraine, gas deliveries from Russia to Europe through its various pipelines have so far remained largely unchanged. European and British gas prices soared on Wednesday, with a benchmark Dutch gas price hitting a record high as countries said European Union sanctions against Russia could target gas shipments, while some cargos of Russian liquefied gas changed course. …

Oil prices surge as fears about Russian crude supplies intensify
2 years, 9 months ago

Oil prices surge as fears about Russian crude supplies intensify

NPR  

Oil prices surge as fears about Russian crude supplies intensify Enlarge this image toggle caption Frederic J. Brown/AFP via Getty Images Frederic J. Brown/AFP via Getty Images Oil prices continue to surge on Wednesday, with markets bracing for serious disruptions to crude supplies from Russia as Moscow's invasion of Ukraine grinds on. Enlarge this image toggle caption Nikolay Doychinov/AFP via …

Stocks fall, oil tops $100 a barrel as Ukraine war rages
2 years, 9 months ago

Stocks fall, oil tops $100 a barrel as Ukraine war rages

The Hindu  

Oil prices soared and stocks fell on Wall Street on Tuesday as investors shifted more money into ultra-safe U.S. Government bonds in response to Russia’s escalating war on Ukraine. Russia’s invasion of Ukraine has also put more pressure on agricultural commodity prices, which were also already getting pushed higher with rising inflation. “We see that manifesting not only in markets …

Gas, food and energy prices 'will be driven much higher than expected'
2 years, 10 months ago

Gas, food and energy prices 'will be driven much higher than expected'

Daily Mail  

Britons already feeling the squeeze have been warned to expect huge price hikes on everyday items due to the Russian invasion of Ukraine. A war could lead to significant disruption to ship movements around the Black Sea, which could fuel higher food inflation 'There's also the risk that we could see prices rise significantly again in October, when the cap …

Asian stocks plunge after Putin announces action in Ukraine
2 years, 10 months ago

Asian stocks plunge after Putin announces action in Ukraine

Associated Press  

BEIJING — Asian stock markets plunged and oil prices surged to nearly $100 a barrel Thursday after President Vladimir Putin announced Russian military action in Ukraine. President Joe Biden denounced the attack as “unprovoked and unjustified” and said Moscow would be held accountable, which many took to mean Washington and its allies would impose additional sanctions. “Equities are tanking in …

Brent Crude Oil Hits $100, Highest in 8 Years on Russia's ‘Military Operation’ in Ukraine
2 years, 10 months ago

Brent Crude Oil Hits $100, Highest in 8 Years on Russia's ‘Military Operation’ in Ukraine

News 18  

Brent crude oil prices hit $100 per barrel for the first time since 2014 as Russian President Vladimir Putin had approved a special military operation in Ukraine’s Donbass region in the early hours of Thursday morning. “Sanctions by the US and other countries forcing Russia to supply less crude or natural gas would have substantial implications on oil prices and …

How the California and U.S. economies may suffer from Russia’s attack on Ukraine
2 years, 10 months ago

How the California and U.S. economies may suffer from Russia’s attack on Ukraine

LA Times  

Gas prices in California are well above those in the rest of the U.S. and could keep rising as the conflict in Eastern Europe unfolds. Russia and Ukraine are major producers of a range of commodities — oil, natural gas, grains, metals — whose prices rise during big global events such as war. Sanctions on Russia by the U.S. and …

Russia invades Ukraine: What’s next for energy oil prices?
2 years, 10 months ago

Russia invades Ukraine: What’s next for energy oil prices?

Al Jazeera  

Russia’s invasion of Ukraine spells higher prices at the pump for consumers worldwide. Oil prices surged past $100 a barrel for the first time since 2014 on Thursday after Russian President Vladimir Putin ordered a full-scale military assault on Ukraine, prompting widespread international condemnation. “The next day will be quite critical – will definitely see prices exceeding 100/bps in the …

Natural gas, petrol prices could jump if Russia-Ukraine conflict worsens
2 years, 10 months ago

Natural gas, petrol prices could jump if Russia-Ukraine conflict worsens

NL Times  

The escalating conflict between Russia and Ukraine pushed the prices of oil and natural gas. The suggested retail price for a liter of Euro95 could reach 2.20 euros, Paul van Selms of the organization said to RTL Nieuws. Minister Rob Jetten said on Wednesday that it is hard to predict what will happen to the gas price for Netherlands residents …

Russian oil sells at deep discount on Ukraine crisis
2 years, 10 months ago

Russian oil sells at deep discount on Ukraine crisis

Al Jazeera  

The weakness in Russian crude runs counter to much of the rest of the physical market. Trafigura Group and the trading arm of Lukoil PJSC both offered Urals, the nation’s largest export grade, at $6.30 a barrel below the regional Dated Brent benchmark. “It seems that after many European refiners went on a Urals buying spree in December/January, those that …

Asian stocks fall, oil prices rise on Ukraine invasion fears
2 years, 10 months ago

Asian stocks fall, oil prices rise on Ukraine invasion fears

Associated Press  

BEIJING — Asian stock markets fell Monday and oil prices rose amid concern about a possible Russian invasion of Ukraine. On Wall Street, the benchmark S&P 500 index tumbled 1.9% on Friday after the White House encouraged Americans to leave Ukraine within 48 hours. On Friday, the S&P 500 declined to 4,418.64 for its fourth weekly loss in the past …

Europe gas prices drop on Putin’s order to fill EU storages
3 years, 1 month ago

Europe gas prices drop on Putin’s order to fill EU storages

Associated Press  

MOSCOW — European gas prices dropped Thursday after Russian President Vladimir Putin instructed the country’s major natural gas company to pump more gas into EU storages. Europe’s gas prices have soared in recent weeks amid strong demand in Asia driven by the economic recovery from the pandemic and due to depleted European Union stocks from a cold winter. Some European …

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