oil

Analysis |  Oil markets are volatile but they are not broken

Analysis | Oil markets are volatile but they are not broken

Oil markets are broken. The extreme volatility and lack of liquidity means that crude futures have become disconnected from the strained physical oil markets. At least that is what certain strong voices in the oil world are telling us. But I suspect they can talk about their own books. Complaining that the markets are broken …

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Column: The recession will be necessary to rebalance the oil market

Column: The recession will be necessary to rebalance the oil market

LONDON, Sept 22 (Reuters) – Unused capacity in global oil production has fallen to exceptionally low levels, contributing to intense upward pressure on prices until very recently. Restoring idle capacity to more comfortable levels will require a slowing of the business cycle, which is why a recession or at least a serious downturn is inevitable. …

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Norwegian oil fund warns of 'danger' of environment falling on agenda

Norwegian oil fund warns of ‘danger’ of environment falling on agenda

The head of the world’s largest sovereign wealth fund has urged investors to stay focused on environmental, social and governance issues, warning of a ‘real danger’ that economic turmoil and a political backlash in the US will set them back . Soaring inflation, the war-triggered fossil fuel renaissance in Ukraine, and growing resistance from Republican …

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Dollar Dominance

China and Russia move to disrupt dollar dominance in oil markets | OilPrice.com

The long-talked-about prospect of the end of US dollar hegemony in global oil and gas markets took another step closer to fruition last week with the announcement that Russian and Chinese oil and gas giants Gazprom and China National Petroleum Corporation (CNPC) agreed to change payments for gas supply in rubles (RUB) and renminbi (RMB) …

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Germany and the EU in the race to solve the energy crisis

Germany and the EU in the race to solve the energy crisis

Join now for FREE unlimited access to Reuters.com Register Germany plans to expand loans to energy companies EU securities watchdog mulls EU-wide measures The Commission will announce broader plans on Wednesday BERLIN/FRANKFURT, Sept 13 (Reuters) – Germany will step up lending to energy firms threatened with being crushed by soaring gas prices, it said on …

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oil tanks

China’s Covid lockdowns are the biggest threat to oil markets | OilPrice.com

The sharp drop in crude oil prices last week following news that China had extended the Covid-19 lockdown in Chengdu, the capital of southwestern Sichuan province, for the majority of its 21 million ‘people, has again highlighted the ability of such news to cause major oil price drops in a market characterized by uncertain supply …

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EU mulls tax on fossil fuel companies to help consumers survive energy crisis

EU mulls tax on fossil fuel companies to help consumers survive energy crisis

Join now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 12 (Reuters) – Fossil fuel companies may have to share excess profits to help European households and industries cope with searing energy bills, a draft European Union plan said on Monday as the cost of the West’s “energy war”. with Russia has taken an …

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