Oil | ForexMag

The export embargo by Russia will be in place for five months so far. The Kremlin's retaliatory measure comes after countries in the European Union and the Group of Seven of the world's economically strongest nations (G7) agreed to impose a price cap on Russian oil.

Economy

The Kremlin has put a “ban” on Russian oil exports to...

ForexTeam -

From February next year, Russia will stop exporting oil to European Union and G7 countries. Russian President Vladimir Putin issued a decree on the basis...

The price of a barrel of Brent crude oil plunged as high as $79.35 in Wednesday trading, a drop of about four percent.

News

Oil fell to its lowest level since early January. Brent costs less...

ForexTeam -

For the first time since Russian aggression erupted in Ukraine, the price of Brent crude oil has gone below $80 a barrel. It costs about...

IATA chief executive Willie Walsh called for speeding up the transition from existing fossil fuels used for air travel to “greener” ones.

News

Airfares will be even more expensive, warns head of International Air...

ForexTeam -

Rising prices for standard aviation fuel as well as emission allowances are the main causes of increasing air travel. But it doesn't end there. According to...

News

Oil has fallen under the weight of data from the US...

ForexTeam -

The data from the US services sector surprised not only investors in currency pairs, but also those who trade commodities. The price of Brent crude...

Commodities

Oil is the cheapest since January this year. The price is being...

ForexTeam -

The price of Brent crude oil has fallen within sight of the $80 per barrel mark. Black gold has thus been the cheapest since the...

While at the beginning of the week a barrel of Brent crude was trading at a price very close to $82, on Tuesday everything is different

News

The oil price has returned to growth. OPEC is unlikely to increase...

ForexTeam -

Oil started to rise again after a brief drop in price to the $82 level. Saudi Arabia's fears of the onset of a global economic...

The deterioration in the outlook for the global economy presented by the International Monetary Fund in the middle of the week has translated into a downgrading of the outlook for global oil demand.

News

OPEC Lowers Oil Demand Outlook for the Rest of This Year...

ForexTeam -

The deterioration in the outlook for the global economy presented by the International Monetary Fund in the middle of the week has translated into...

The price of oil has been falling in recent weeks and has already reached a lower level than on the eve of the Russian invasion of Ukraine.

Economy

OPEC+ group plans bigger oil output cuts than expected

ForexTeam -

The price of oil has been falling in recent weeks and has already reached a lower level than on the eve of the Russian...

Commodities

Putin’s mobilisation has rocked the markets. Oil rises in price, gold regains...

ForexTeam -

Stocks fell, oil and gold went up. Such were the immediate reactions of the markets to Russian President Vladimir Putin's speech in which, among other...