Oil prices are set to end this week flat after gaining around 3% last week amid robust demand and growing supply unease.This week, these factors were tempered by the prospect of a ceasefire in the Middle East and a stronger U.S. dollar that normally puts oil traders in mind of weaker demand. Profit-taking after last …
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MOSCOW, March 23 (Reuters) – If Ukraine is found to be behind Friday’s attack that killed at least 93 people near Moscow there should be a clear answer on the battlefield, the RIA news agency quoted Russian lawmaker and former general Andrei Kartapolov as saying on Saturday.Russia has arrested 11 people including four suspected gunmen …
Column of an oil refinery installation is on fire in the Samara region after the fall of a drone, emergency services told RIA Novosti. “Preliminarily, there are no victims, fire crews are working,” they explained.Earlier in the Kursk region, the danger of a drone attack was announced. Also, the enterprise of Starooskolsky urban district of …
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Senior Ukrainian officials defended Kyiv’s attacks on oil infrastructure deep within Russian territory following a report that US officials had warned against the operation because of surging oil prices and the prospect of Kremlin retaliation.Deputy Prime Minister Olha Stefanishyna said refineries in Russia are legitimate targets providing resources to President Vladimir Putin’s war machine. Even …
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Digital World Acquisition Corp’s shareholders voted on Friday in favor of the company merging with former United States President Donald Trump’s Trump Media & Technology Group (TMTG).The merger proposal was first announced around two and a half years ago. TMTG could go public and start trading on the Nasdaq under the symbol DJT as soon …
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Russia and China vetoed on Friday a resolution at the United Nations Security Council (UNSC), sponsored by the United States, calling for an “immediate and sustained ceasefire” in the ongoing war between Israel and Hamas in Gaza. The veto came amid accusations from Russia’s UN Ambassador Vassily Nebenzya, who criticized the resolution’s language and accused …
Russia’s average daily oil refining rate fell to the lowest weekly level in ten months after a flurry of Ukrainian drone attacks hit several major facilities.Refiners processed 5.03 million barrels a day of crude from March 14 to 20, according to a person with knowledge of industry data. That’s down more than 400,000 barrels a …
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The Dnipro hydroelectric power plant (HPP), a crucial component of Ukraine’s energy infrastructure, ceased operations on Friday due to significant damage following a missile strike. Ihor Syrota, the director of Ukrhydroenergo, reported extensive damage to the plant’s turbine hall, rendering both stations of the Dnipro HPP inoperative. The incident is part of a broader series of …
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One of the two high-voltage lines supplying the Zaporizhzhia nuclear power plant with electricity, “Dneprovskaya,” went down in the morning on Friday, the plant administration announced on its Telegram channel According to the report, the power plant is now supplied with electricity by a reserve line of 330 kV and there are no safety threats.It …
Oil markets will continue to tighten in the second and third quarters amid growing supply risks including the rollover of voluntary supply cuts from OPEC+ into Q2 2024, Ukraine’s recent attacks on Russia’s refineries as well as constant disruptions to oil flows through the Red Sea, ING Global Market Research has predicted. ING Global has hiked its …
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