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Updated on 03/11/2022 11:23 am Russia has enough buyers for its oil and gas despite sanctions imposed by Western countries and their allies in response to the invasion of Ukraine, according to a senior Kremlin official. “We will not persuade anyone to buy our oil and gas”, Russian Foreign Minister Sergei Lavrov said at a […]
Tag: Petroleum
Oil price rises, but heads for weekly loss on talks to unlock offer
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Updated on 03/11/2022 08:34 am The oil prices They rose on Friday on continued concerns over Russia’s oil and energy supply problems, but were headed for their biggest weekly drop since November after several days of high volatility. Oil prices soared after Russia invaded Ukraine and hit their highest since 2008, but have pulled back […]
Fuel prices rise to S/ 1.76 per gallon
The wholesale prices of the main fuels of Petroperu and Repsol rose by up to 13%. This rise is due to the global crisis in the supply of oil and its derivative products as a result of the war between Russia and Ukraineaccording to the state oil company. To detail, the wholesale price (without considering […]
US Still Fails to Recognize Maduro Despite Oil Talks
Updated on 03/10/2022 03:28 pm White House spokeswoman Jen Psaki stressed Thursday that the United States continues to fail to recognize Venezuela’s illegitimate president, Nicolás Maduro, despite talks to free US citizens and address the oil crisis. “The priority of our approach with Maduro, whom we do not recognize as the leader of Venezuela, but […]
US moves closer to oil countries with dubious reputations, after Russian invasion of Ukraine
Three disreputable oil regimes that have been spectacularly snubbed by President Joe Biden and previous US leaders – Venezuela, Saudi Arabia and Iran – are now being approached by Washington, at a time when world oil prices fuels reach alarming levels due to the Ukraine crisis. However, it is not clear whether US diplomacy will […]
War in Ukraine: Venezuela’s oil can meet US demand, says union
The war in Ukraine unleashed the crisis in the oil priceafter the sanctions imposed on Russia from United Stateswhich led to a rapprochement between the Joe Biden administration and Venezuelaand could represent an unexpected turn for Caracas, despite the support of Nicholas Maduro to Vladimir Putin. “The level of reaction of the United States approaching […]
Oil prices fall, but there is still anxiety
Oil prices sank in the international market this Wednesday, after four consecutive sessions of gains due to the war in ukraine. The inapplicability of an embargo on Russian oil in the European Union, the diplomatic opening to resolve the war conflict and a request to increase the production of crude oil from the United Arab […]
Biden’s dangerous oil diplomacy
How far can you go to contain rising gasoline prices? Joe Biden has engaged in dangerous oil diplomacy to make up for the loss of Russian crude, exposing himself to charges of turning to “dictators” and undermining his own “battle” for democracy. The high-level delegation that traveled to Caracas tried to go as unnoticed as […]
Oil and commodity prices could cost more than 4% of global GDP, according to Trafigura
Rising prices of raw materials, from oil to wheat, in the wake of Russia’s invasion of Ukraine could cost the world economy the equivalent of at least 4% of Gross Domestic Product (GDP), the brokerage said. Trafigure. Oil prices, which Trafigurebased in Geneva, Already expected to hit $150 a barrel before the invasion, they could […]
Oil Price Rises to $130 After US Ban on Russian Crude Imports
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Oil prices rose on Wednesday on fears of a possible supply crisis following the US ban on imports of Russian crude, and signs that some buyers are already rejecting them. Brent crude futures were up $2.91, or 2.27%, at $130.89 a barrel by 0520 GMT, after rising 3.9% the day before. US West Texas Intermediate […]