Articles for Oil Europe

Delivery key to tackling ‘snake oil of populism’ across Europe, says Starmer
3 months, 3 weeks ago

Delivery key to tackling ‘snake oil of populism’ across Europe, says Starmer

The Independent  

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Europe Germany Populism Prime Minister Think Starmer European
India is largest supplier of refined fuels to Europe: Report
1 year, 7 months ago

India is largest supplier of refined fuels to Europe: Report

Live Mint  

India has become Europe's largest supplier of refined fuels this month, according to data from analytics firm Kpler. Europe's refined fuel imports from India are set to surge above 360,000 barrels a day, edging just ahead of those of Saudi Arabia, according to Kpler's data. It also means that more competition for Europe's oil refiners which can't access cheap Russian …

India Russia Russian Crude Kpler Refined Fuels Oil Europe
Fuels from Russian oil gets backdoor entry into Europe via India
1 year, 8 months ago

Fuels from Russian oil gets backdoor entry into Europe via India

Live Mint  

Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed. India's imports of Russian crude in March rose for the seventh straight month to end out the fiscal year as top supplier to …

Europe Data Exports Russian Russian Oil Bpd Backdoor Entry
Vladimir Putin’s plans to freeze Europe melt away with warm weather, as his economy withstands bracing winds
1 year, 11 months ago

Vladimir Putin’s plans to freeze Europe melt away with warm weather, as his economy withstands bracing winds

ABC  

While Europe's record-breaking temperatures have been causing alarm among climate scientists, officials in the Kremlin may be equally dismayed. Europe's energy crisis Photo shows The words "No Money for Murderers, Stop the Oil and Gas Trade" are projected onto the wall of the Russian consulate in Germany. "What the oil price cap has done is place restrictions on Russia through …

Europe War Ukraine Russia Oil Sanctions Price
When will global gas prices go down to pre-Ukraine war levels?
2 years ago

When will global gas prices go down to pre-Ukraine war levels?

Al Jazeera  

Energy analysts explain why much of the world can expect high prices for at least the next two years. “The factors that have brought gas prices down aren’t likely to continue in 2023.” The steep drop in crude prices, caused by the G7 cap on the price of Russian oil carried by Western-insured ships, isn’t expected to last either: Oil …

Europe China War Ukraine World Oil Prices
Oil tumbles to lowest since January as demand concerns escalate
2 years, 3 months ago

Oil tumbles to lowest since January as demand concerns escalate

Live Mint  

Oil retreated to the lowest level since January on concern a global slowdown will cut demand in Europe and the US just as China’s Covid Zero strategy hurts consumption. OPEC leader Saudi Arabia said this week it’s ready to manage the market proactively, raising the possibility of more supply cuts. In China, the world’s biggest oil importer, strict anti-virus curbs …

High prices, Asian markets could blunt EU ban on Russian oil
2 years, 6 months ago

High prices, Asian markets could blunt EU ban on Russian oil

Associated Press  

BRUSSELS — The European Union’s groundbreaking decision to ban nearly all oil from Russia to punish the country for its invasion of Ukraine is a blow to Moscow’s economy, but its effects may be blunted by rising energy prices and other countries willing to buy some of the petroleum, industry experts say. “So even Russia offering a discount means that …

Energy Europe War Ukraine Russia Oil Sanctions
The weather may be working against Putin
2 years, 9 months ago

The weather may be working against Putin

CNN  

Editor’s Note: David A. Andelman, a contributor to CNN, twice winner of the Deadline Club Award, is a chevalier of the French Legion of Honor and author of “A Red Line in the Sand: Diplomacy, Strategy, and the History of Wars That Might Still Happen.” He blogs at Andelman Unleashed and formerly was a correspondent for The New York Times …

Europe China Russia Oil Nuclear Germany Gas
FTSE plunges 2.4 per cent as oil price soars to $140 a barrel
2 years, 9 months ago

FTSE plunges 2.4 per cent as oil price soars to $140 a barrel

Daily Mail  

The FTSE 100 plunged 2.4 per cent to hit a five-month low today as oil surged to $140 a barrel amid a possible ban on crude imports from Russia - before paring back most of its losses by the close of trading. Some European states such as Germany get a third of their gas from Russia - Britain gets around …

Global Europe Markets Russia Oil Gas Prices
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 …

Europe Russia Oil Russian Ukraine Crisis Russian Oil Urals