Russia and Ukraine play a key role in the world’s supply of raw Materials strategic for industrial and food use. Since the beginning of the Russian invasion, the prices of many of these raw materials have stopped at levels never seen before. gas and oil Russia is one of the world’s largest oil and gas […]
Tag: Petroleum
The United States seeks international support to ban the purchase of Russian oil
The United States is rallying international support to ban the import of Russian oil as an additional measure to increase the cost of the invasion of Ukraine and, in turn, seeks alternatives to guarantee energy security, reported the EFE agency. Within the framework of these contacts, the US president, Joe Biden, held a new video […]
Unstoppable oil closes at US$119.40 per barrel at the start of a crucial week
With information from EFE The price of Petroleum Texas Intermediate (WTI) closed this Monday with a rise of 3.2% and stood at US $ 119.40 a barrel after a volatile session marked by the war in Ukraine and the economic sanctions of Western countries against Russia. According to data at the end of operations on […]
Russia warns oil could hit $300 a barrel if US and Europe ban imports
Updated on 03/07/2022 05:11 pm Russia warned of the “catastrophic consequences” in the event of a Western embargo on Russian oil, which the United States and the European Union (EU) are studying as a possible retaliatory measure for the military intervention in Ukraine. “It is quite obvious that the refusal to buy Russian oil will […]
The price of fuel skyrockets in Peru due to the war between Russia and Ukraine
As planned, Osinergmin presented this Monday, March 7, the reference prices of oil-derived fuels in Peru with a notable increase, due to the war between Russia and Ukraine, in addition to the economic siege by the United States and the European Union, which have degenerated into profound instability in the international energy market. In Peru, […]
US is prepared to ban Russian oil imports alone, sources say
Updated on 03/07/2022 01:12 pm The administration of President Joe Biden is willing to go ahead with a ban on Russian oil imports to the United States even without the involvement of its allies in Europe, following the Russian invasion of Ukraine, two people familiar with the matter told Reuters. President Joe Biden is expected […]
War in Ukraine: gold and copper accumulate profits, red metal exceeded US $ 10,800
The war in Ukraine intensifies, and this last Monday, March 7, metals such as gold and the copper they have accumulated new price gains in the face of the general advance due to a fear in the supply of these and the sanctions on Russia. The gold futures rose above $2,000 an ounce for the […]
Oil price will rise further due to delays in talks with Iran
Updated on 03/06/2022 10:25 am Oil prices are expected to rise further this week due to delays in concluding nuclear talks with Iran and the possible return of Iranian crude to world markets, which are already suffering from Russian supply disruptions, they said. analysts.} Russia has raised a new demand for US assurances in writing […]
IMF: War in Ukraine will have ‘severe impact’ on low-income households
The war in Ukraine will have a “severe impact” on the world economy if the conflict escalates, affirmed the International Monetary Fund (IMF) this last Saturday, March 5. In addition, he specified that countries with economic ties with Kyiv and Moscow are exposed to higher risks. While the situation remains highly fluid and the outlook […]
WTI oil hit its highest peak in nearly 14 years
The barrel of West Texas Intermediate (WTI), the benchmark oil for the US and countries in the region such as Peru, reached peaks of up to US$ 116.57 yesterday, its highest level in almost 14 years (September 2008). However, at the close it contracted -7.63% and fell to US$ 107.67. But so far in 2022, […]