Brent Crude Oil Closes Below $80 Ahead of OPEC+ Meeting

Prices tumbled midweek when OPEC+ postponed to Nov. 30 a ministerial meeting to iron out differences on production targets for African producers.

What's Affecting Oil Prices This Week? (Nov. 27, 2023)

A delayed OPEC meeting, Russian oil export sanctions, falling confidence in Chinese multinational companies and the Israeli-Hamas conflict are all playing a hand at affecting oil prices this week. 

OPEC Meeting Pushed Back, Signaling Lack of Quota Consensus, Rystad Says

OPEC+ members recognize the need to cut production at their ministerial meeting, now set for Nov. 30, but the question is how to shoulder the burden, a Rystad Energy analyst said.

What's Affecting Oil Prices This Week? (Nov. 13, 2023)

For the upcoming week, Stratas Advisors forecast during the fourth quarter that oil demand will outpace supply by around 900,000 bbl/d.

Pitts: Has US Policy Toward Venezuela Already Failed?

As Chinese and Venezuelan relations grow closer, the U.S. scrambles to salvage its failed sanctions strategy against President Nicolás Maduro.

What's Affecting Oil Prices This Week? (Sept. 25, 2023)

For the upcoming week, Stratas Advisors expects oil prices to be under pressure and may test $90 again, with the price of Brent not able to break through $95 last week.

Russia's Gasoline Prices on Exchange Down Almost 10% After Export Ban

Russian wholesale gasoline Ai-92 grade prices fell by 9.7% to $582 per metric ton on Sept. 22 following a government ban on fuel exports.

Biden Administration Moving to Escalate Energy Trade Dispute with Mexico

President Joe Biden's administration has asked U.S. energy companies to prepare affidavits documenting how Mexico’s protectionist policies disrupted their investments as Washington prepares to escalate a trade dispute with its neighbor. 

Standardization Needed to Sell Carbon Credits at Scale, Experts Say

Carbon futures dashboards are emerging in Europe as buyers worldwide are said to be eager to buy carbon credits as commodities.

Gazprom Accounts for More Than Half of Increase in China's Gas Imports

Gazprom accounts for more than half the increase in China's gas imports this year, says CEO Alexei Miller, after Gazprom's natural gas exports, mainly to Europe, almost halved last year after the West responded with economic sanctions to Moscow.