Political News

Source: Reuters

U.S. says had constructive talks with India on Russian oil price cap plan

BOE Recorder


NEW DELHI: The United States had constructive discussions with Indian officials on a proposal to cap prices of Russian oil, US Deputy Treasury Secretary Wally Adeyemo said on Friday, as it seeks global support for a proposal to …

Source: Reuters

Israel: Nuclear deal would give Iran $100 billion to destabilise region

Yahoo News


JERUSALEM – A new nuclear deal between world powers and Iran would allow other nations to avoid sanctions and give Teheran $100 billion a year to destabilise the Middle East, Israeli Prime Minister Yair Lapid said on Wednesday.…

Source: Bloomberg

Biden’s freeze on oil, gas leases on public land temporarily reinstated

World Oil


(Bloomberg) ­— President Joe Biden won temporary permission to once again pause energy leasing on federal lands and waters, after a U.S. appeals court found a trial judge’s order against the moratorium too vague to review.

The court …

Source: CNBC

Russia faces ‘economic oblivion’ despite claims of short-term resilience, economists say

CNBC


Russia is facing “economic oblivion” in the long term because of international sanctions and the flight of businesses, several economists have said.

 

The International Monetary Fund last week upgraded Russia’s gross domestic product estimate for 2022 by 2.5 …

Source: CNBC

Solar stocks sink as Senator Manchin says he won’t support climate bill

CNBC


Solar stocks tumbled Friday after Sen. Joe Manchin said he will not support increased spending to address climate change, according to NBC News, citing a Democrat briefed on the conversations.

 

The Invesco Solar ETF, which tracks …

Source: CNBC

Biden heads to Saudi Arabia for what could be an ‘embarrassing’ climbdown — or a welcome reset

CNBC


President Joe Biden is headed to Saudi Arabia this week as part of his first Middle East trip as commander in chief.

 

He’s going with a list of goals, including energy security, bringing the Saudis and Israel closer …

July 13, 2022 - 10:02 am Closing Bell Story‎, Energy News, Political News, Politics
Source: Reuters

Beirut to invite U.S. envoy for talks over maritime spat with Israel

US News


BEIRUT/JERUSALEM -Lebanon said on Monday it would invite a U.S. mediator to Beirut for negotiations over a disputed maritime boundary with Israel to prevent any escalation, after accusing Israel of encroaching on contested waters.

Israel said the dispute

Source: Reuters

U.S. Senate panel expected to vote on bill allowing anti-trust lawsuits against OPEC

Nasdaq


WASHINGTON – A U.S. Senate panel will consider as soon as next week a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion on boosting petroleum prices, a Senate aide said …

Source: World Oil

Manchin’s bipartisan energy bill negotiations are bad news, not good, says analyst

World Oil


An analyst at Evercore ISI, which tracks many market and regulatory factors affecting oil and gas, says he has been getting questions this morning about the Monday/Tuesday overnight news that Senator Joe Manchin (D-W.V.) convened a bipartisan group, …

Source: Reuters

Oil rises above $100 as supply concerns balance Ukraine talks

Reuters


LONDONOil rose above $100 a barrel in a volatile session on Wednesday, finding support from supply concerns and easing worries about slowing Chinese demand, while signs of progress in Russia-Ukraine peace talks limited gains.

Three million barrels …

Source: World Oil

U.S. energy chief calls for more oil output amid ‘war footing’

World Oil


(Bloomberg) — The top U.S. energy official openly called on oil and natural gas producers to boost supply amid an energy crisis sparked by Russia’s invasion of Ukraine.

“We are on a war footing,” Energy Secretary Jennifer Granholm …

Source: Reuters

Biden’s Russia-oil ban opens path for shale giants EOG, Devon to fill the gap

World Oil


(Bloomberg) — President Joe Biden’s ban on Russian oil imports puts new pressure on U.S. drillers to help fill a supply shortfall that has sent crude prices to the highest levels since 2008. Among them: EOG Resources Inc. …

Source: World Oil

Biden says U.S. will ban Russian oil, fuels to pressure Putin on war

World Oil


(Bloomberg) — President Joe Biden said the U.S. will ban imports of Russian fossil fuels including oil, a major escalation of Western efforts to hobble Russia’s economy that will further strain global crude markets.

“We’re banning all imports …

Source: Reuters

Traders ramp up bullish bets in U.S. oil options as prices soar

Nasdaq


March 4 – Bulls have surged into the U.S. crude oil options market in recent days as futures touch highs not seen in a decade, betting that crude’s rally will persist, according to analysts and exchange data.

The global …

Source: CNBC

U.S. oil price surges 11% to $106 a barrel, a 7-year high prompted by Russia’s assault on Ukraine

CNBC


Oil prices surged Tuesday, with U.S. crude hitting its highest level since June 2014 as Russia bears down on Ukraine’s capital.

Prices first topped the $100 mark last Thursday when Russia invaded Ukraine, prompting fears of supply disruptions from …

Source: Reuters

Russian oil trade in disarray over sanctions, ships turned back

Investing


MOSCOW – Russian oil producers are postponing tenders due to a lack of buyers and as importers in Europe and Asia reject Russian ships amid widening disruption from a raft of sanctions imposed on Moscow over the war in …

Source: Reuters

Oil prices take breather as Russia advances further on Ukraine

Reuters


LONDON: Oil prices slipped on Friday after sharp rises earlier in the session on concern over potential global supply disruptions from sanctions on major crude exporter Russia.

The April Brent crude futures contract was down $1.06, or 1.1%, at …

February 25, 2022 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, Political News
Source: World Oil

Energy prices surge on Ukraine crisis with oil closing in on $100

World Oil


(Bloomberg) — Energy prices surged after Russian President Vladimir Putin signed an order to send what he called “peacekeeping forces” to the two breakaway areas of Ukraine that he officially recognized on Monday.

European natural gas led the …

Source: Reuters

Oil price set to test fresh peaks barring Iran breakthrough

Nasdaq


LONDON, Feb 22 – Efforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks, unless international talks end sanctions on Tehran and lead to a …

Source: Reuters

Germany freezes Nord Stream 2 gas project as Ukraine crisis deepens

Yahoo Finance


BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine.

Europe’s most …

Source: Reuters

Oil eases as Ukraine hints at concessions to Russia

Reuters


Oil eased on Monday, after earlier hitting its highest in more than seven years, as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the two countries that Western governments say are on the brink of …

Source: Reuters

Biden, Saudi king discussed OPEC+, oil stability and Yemen

World Oil


(Bloomberg) — U.S. President Joe Biden and Saudi Arabia’s King Salman spoke on Wednesday about stabilizing energy prices, the status of the Iranian nuclear talks and the war in Yemen.

Amid a surge in oil prices this year …

Source: CNBC

Oil will hit $120 a barrel if Russia invades Ukraine, strategist predicts

CNBC


Oil will “certainly” hit $120 a barrel and the global economy will be “radically altered” if Russia invades Ukraine, veteran strategist David Roche has predicted.

 

Moscow has denied that it plans to invade neighboring Ukraine, but has moved

February 9, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Political News
Source: Reuters

Oil slips from seven-year high ahead of more U.S.-Iran talks

Reuters


LONDON- Oil slipped to around $91 a barrel on Tuesday ahead of the resumption of indirect talks between the United States and Iran, which could revive an international nuclear agreement and allow more oil exports from the OPEC producer.…

Source: Reuters

EXCLUSIVE U.S. climate envoy Kerry names Rick Duke as deputy

Reuters


WASHINGTON, Feb 7 – U.S. Special Climate Envoy John Kerry has nominated one of his senior advisors, Rick Duke – the architect behind an international deal last year to reduce emissions of the greenhouse gas methane – to be …

Source: Reuters

Exclusive-U.S. weighs Chevron request to take Venezuela oil for debt payments -sources

Yahoo Finance


HOUSTON/WASHINGTON – The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions said.

Chevron representatives in …

Source: Reuters

Biden, EU pledge cooperation on energy security amid Russia threat

Nasdaq


WASHINGTON, Jan 28 – U.S. President Joe Biden and his European Union counterpart Ursula von der Leyen on Friday pledged to cooperate on guaranteeing Europe’s energy security as well as Ukraine’s amid the standoff triggered by Russia amassing troops …

Source: Reuters

U.S. in talks with energy producers to supply Europe if Russia invades Ukraine

US News


WASHINGTON – The United States is in talks with major energy-producing countries and companies around the world over a diversion of supplies to Europe if needed in the event of a Russian invasion of Ukraine, senior Biden administration …

Source: Oil Now

Elevated geopolitical risks in Europe, Middle East pushing oil prices up

Oil Now


Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, which could make an already tight market even tighter.

Brent crude rose 31 cents, or 0.4%, …

Source: Reuters

Column: Escalating oil prices will become politically sensitive: Kemp

Reuters


LONDON, Jan 19 – Oil prices have risen to their highest for more than seven years, climbing above levels that triggered a U.S.-led release of strategic petroleum reserves last November.

Policymakers may be less likely to respond at this …