The protracted war between the US and Iran continues to affect the global energy market. Against this backdrop, market participants expect oil prices to...
OPEC+ countries have agreed to a small increase in oil production quotas for June. The decision was made after the UAE withdrew from the organization. Bloomberg reports. According to...
Ukraine has repaired a section of the Druzhba oil pipeline that was damaged by Russian shelling. The pipeline can now resume operations. This was announced by Ukrainian President Volodymyr Zelensky. "Ukraine...
The Ukrnafta gas station network was the first to react to the sharp decline in world oil prices and began reducing prices. This was announced by the Prime Minister of Ukraine, Yulia...
Five European Union countries are calling for a pan-European tax on excess profits of energy companies to cushion the impact of rising fuel prices on consumers. About...
Oil prices could jump to a record $200 per barrel if the war in Iran lasts until June and the Strait of Hormuz remains...
The European Commission has postponed the submission of a legislative proposal for a permanent ban on imports of Russian oil, which was previously planned to be published on April 15. Reuters reports. According to...
The US Treasury Department has temporarily eased oil sanctions against Russia, allowing the export of already loaded oil and petroleum products. Reuters reports. Amid the global...
French President Emmanuel Macron has opposed the idea of lifting sanctions on Russian oil due to rising global energy prices. His position was supported by...