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DRUZHBA OIL PIPELINE
Why European Union's wartime loan is vital lifeline for cash-strapped UkraineUkraine has secured a vital 90 billion euro European Union loan. This funding will sustain its wartime efforts. The loan arrives at a criti...- EU approves a $106 billion loan package to help Ukraine after Hungary lifts its vetoThe European Union has approved a substantial loan for Ukraine to support its economy and military. This comes after Hungary ended its oppo...
- Druzhba pipeline is set to restart oil flows to Europe, potentially unblocking EU's Ukraine loanHungary as a European Union member state has the power to block the loan even though it is not contributing to it. It will cover two thirds...
- Why are oil and gas prices up now, and will US WTI, Brent crude futures, British and Dutch gas rates continue to rise or drop again? Strait of Hormuz closure, container ships gunfire attacks, analysts insights, market outlook, investor guideWhy are oil and gas prices up now, and will US WTI, Brent crude futures, British and Dutch gas rates continue to rise or drop again? Oil an...
- Crude spikes past $100/bbl again on reports of gunfire targeting vessels in Strait of HormuzOil prices surged past $100 a barrel after reports of gunfire attacks on three container ships in the Strait of Hormuz. This comes amid ong...
- Oil prices turn lower as investors assess outlook for US-Iran peace talksBrent crude futures were down 21 cents, or 0.2%, at $98.27 a barrel at 0039 GMT, after touching $99.38 earlier in the session. West Texas I...
- Russia cuts oil output in April, sources sayRussian oil output saw a significant drop in April. Ukrainian drone attacks on key ports and refineries forced Russia to cut production. Th...
- Russia’s oil revenues nearly double to $19 billion in March: IEAAccording to the IEA, Russia’s crude oil exports rose by 270,000 barrels per day (bpd) month-on-month to 4.6 million bpd in March.
- Fuel reservoir hit at Russia's Primorsk, NORSI refinery on fire after drone attacksRussia's energy infrastructure faced new attacks. Fuel leaked at the Primorsk port after shrapnel hit a reservoir. Separately, a drone stri...
- At least 40% of Russia's oil export capacity halted, Reuters calculations showUkraine's drone strikes have crippled nearly half of Russia's oil export capacity. Major western ports and pipelines are affected. This dis...
- Ukraine strikes Russian oil facility, flows to Hungary & Slovakia haltedRussia and Ukraine have stepped up attacks on each other's energy infrastructure, hitting Ukrainian domestic heating supplies, Russia's Dru...
- Russia's chief diplomat says no Putin-Zelenskyy meeting is planned, despite Trump's effortsAmidst ongoing conflict, Russia denies plans for a Putin-Zelenskyy meeting despite Trump's efforts to arrange one. The EU warns against ter...
- FACTBOX-How the EU ban on Russian crude affects oil flowsThe EU imposed a ban on seaborne Russian crude oil imports from Dec. 5 and G7 countries set a price cap on Russian seaborne exports at $60 ...
- Russia halts pipeline oil supplies to Poland, PKN Orlen CEO saysPKN Orlen said it could fully supply its refineries via sea and that the halt in pipeline supplies would not impact deliveries of gasoline ...
- Oil rises as IEA hikes 2022 demand growth forecast"Natural gas and electricity prices have soared to new records, incentivising gas-to-oil https://www.reuters.com/article/iea-oil-idAFL8N2ZN...
- Oil falls on demand concerns, greater supplyGasoline product supplied rose in the most recent week to 9.1 million barrels per day, though that figure still shows demand down 6% over t...
- Halted shipments of Russian oil resume to SlovakiaBut no oil has reached the neighbouring Czech Republic yet, the country's Mero pipeline operator said, and Hungary also was still to receiv...
- Oil prices dip after industry data shows U.S. crude stockpiles risingoil prices settled slightly lower after a choppy trading session that saw investors weigh recessionary concerns with news that some oil exp...
- Russia curtails oil shipments to central EuropeRussian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil pipeline, which flows thr...
- Russia meets Opec+ target amid dirty crude oil crisisMay was the first full month of compliance by Russia this year.
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