Russia Oil

The Russia-Ukraine war that started in late 2022 has changed the oil market dynamics, with the power equation shifting in the process. Windfall For China: Russia's oil exports to ally China rose to a record high in May, data from China's General Administration of Customs showed, according to...

U.S. Treasury Secretary Janet Yellen said on Sunday Americans could witness a rise in gas prices in the winter when the European Union significantly trims Russian oil purchases, reported CNN. Yellen’s statement comes at a time oil prices have cooled significantly from...

According to Armstrong Economics, in 2012 Russian President Vladimir Putin ordered Gazprom to begin construction on the natural gas pipeline dubbed, “Power of Siberia” that would connect Siberia to Shanghai, China. The “Power of Siberia” has been in construction for eight...

The German government agreed on Friday to bail out Uniper Energy (OTC: UNPRF), the country's largest importer of gas and one of the largest utility companies in Europe. What Happened: Due to the Russia-Ukraine War, oil supplies have been tight and expensive for the European Union. The Kremlin...

The price of oil soared over the weekend and hit a 17-month high after OPEC and non-OPEC members struck an agreement to support oil prices. By Monday morning, the price of oil gained more than 6 percent. Brent crude futures gained more than $2 per barrel to trade at $56.61 and traded as high as...

The price of Brent crude hit a 52-week high of $53.73 a barrel in London after Russia's government appears to be cooperating with OPEC's largest member, Saudi Arabia, in taking actions to limit oil supply and encourage higher oil prices. According to Bloomberg, Russian President...

The price of oil has risen over the past few weeks on optimism that a recent OPEC agreement would support a higher oil price. However, the Wall Street Journal reported on Friday that Russia's energy minister Alexander Novak put a damper on the agreement. Russia, a non-OPEC member, is a major energy...

As oil prices continue trading lower, many governments worldwide that are dependent on the commodity are beginning to panic. Saudi Arabia's government already unveiled its 2016 budget in late December and expects to record a deficit of $87 billion. Related Link: Saudi Arabia To Post $87...

Major indices saw plenty of red during the first trading session of 2014. There were no fundamental reasons for the Dow to suffer a triple digit point loss, along with the S&P 500 and Nasdaq indices ending the day lower. "People are taking profits and seeking bargains," according to Jim...