Browsing Tag

oil

Oil price could hit $300

Given the ban by the United States on the import of oil and gas from Russia, the latter warned that the price of crude oil could reach 300 dollars per barrel. This was indicated by the Russian Deputy Prime Minister, Alexander Nóvak, who gave details about the figures that the nation manages towards…
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Biden blocks import of oil and gas from Russia

The president of the United States, Joe Biden, announced a ban on the import of oil, gas and coal from Russia, assuming that there may be other allies who, like the Europeans, cannot yet take such a big measure. "We will not subsidize…
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Oil reaches its highest price in the last 14 years

The price ofBrent quality oil, a reference for Europe, reached the verge of 140 dollars, close to the historical maximums registered in 2008, after soaring almost 20 % at the beginning of the session due to fears that the United States may…

OPEC confirms increase in oil production

The Organization of Petroleum Exporting Countries (OPEC), together with its 10 allies, confirmed that starting in April, oil production will grow by 400,000 barrels per day. This increase had already been discussed previously in July of…

Oil terminals suffer cyber attack

A series of oil terminals located in Belgium, the Netherlands and Germany recently suffered a major cyberattack, according to authorities. The Antwerp prosecutor's office, located in Belgium, confirmed the launch of an investigation of the…
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OPEC expects demand of 100 million barrels per day

The Organization of Petroleum Exporting Countries (OPEC) considers that the new omicron variant of Covid-19 will have a "slight and short-lived" impact on world demand for crude oil, for which it expects that consumption will exceed 100…

Barrel of oil reaches 88 dollars

The price of a barrel of Brent quality oil, a reference for Europe, rose this Tuesday to almost reach 88 dollars, due to less concern about the impact on demand of the omicron variant and the tensions in the Middle East and Eastern Europe ,…

OPEC + maintains its oil production growth

The ministers of the Organization of Petroleum Exporting Countries (OPEC) and the representatives of the allied producers, led by Russia, who together form the so-called OPEC +, have agreed to go ahead with the gradual increase in the…
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Goldman Sachs forecasts rise in global oil demand

Goldman Sachs estimates that oil demand will continue to rise in 2022, reaching a record level, largely thanks to fuel requirements for the transportation and aviation sectors, if the gradual reopening of the borders is taken into account.…