Oil price

India counter-Western fireworks to buy Russian oil

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India has claimed to buy Russian oil to stabilize global oil prices, not as the West has accused.

After attacking Iran, Mr. Trump calls for keeping oil prices low

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US President Donald Trump urged action to avoid soaring oil prices following airstrikes on Iran.

Mr. Trump blocks EU's plan to sanction Russian oil

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The EU's new effort to lower the Russian oil price cap has unexpectedly encountered a major obstacle from US President Donald Trump.

Iran- Israel tensions could push oil prices up to $300/barrel

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Tensions between Iran and Israel and the risk of closing the Hormuz Strait could cause oil prices to skyrocket to $300/barrel.

Oil prices increase immediately after Israel's surprise attack

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Israel's attack on Iran on June 12 caused oil prices to increase by more than 7% and negatively affected some world financial markets.

Russia warns of new explosive device that disrupts the global oil and gas market

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Russia warns of unpredictable consequences for the global oil and gas market if the EU lowers the Russian oil price cap and sanctions Nord Stream.

Losing the European market, all-out sanctions, Russia's Gazprom still makes huge profits

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Russian oil and gas giant Gazprom announced a net profit of 15 billion USD in 2024 despite being sanctioned and losing a large part of the European market.

EU threatens to launch double punches on Russia, both Nord Stream and oil prices

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The European Union (EU) is considering launching a "double fist" on Russia, both permanently banning Nord Stream and lowering the price cap on oil prices.

Sacrificiaries in the US tariff War

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The US oil and gas industry is said to have been dragged into as a "mitigating object" in President Donald Trump's tariff war.

Mr. Trump predicts the impact of falling oil prices on the outcome of the conflict in Ukraine

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US President Donald Trump said that both Russia and Ukraine are looking to end the conflict. The plummeting oil prices have also caused Russia to lean towards a peaceful solution.

Gasoline prices plummet - short-term joy, long-term worries

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Gasoline prices hit a multi-year low as OPEC+ accelerated production amid weakening global demand.

Saudi Arabia shakes the global oil market

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Saudi Arabia is no longer playing by the old rules, and when this "petropoleum giant" changes, the global market will feel the earthquake.

Unimaginably cheap Russian oil prices, exports skyrocket

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Russian oil flows into India have skyrocketed thanks to attractive cheap prices, strengthening Moscow's position as New Delhi's number one oil supplier.

Forecasting the global oil and gas earthquake

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China's retaliatory tariffs against the US could lead to a global oil and liquefied natural gas (LNG) earthquake.

Western Europe's largest oil field shuts down due to power outage

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Due to a power outage, Equinor - Norway's leading energy group - has suspended all production at the Johan Sverdrup oil field in the North Sea.