Jorge Montepeque News Today

Increased exports of oil from the United States into Europe and Asia mean U.S. crude has snatched back its primacy in setting international pricing after North Sea grades have for decades determined...

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

Diesel is an important alternative fuel for power generation. Read more at straitstimes.com.

India requires five million barrels of oil per day, and so, it must continue to look out for the best discounted deals it can get, as per prevailing global rules.

The G7 wants to introduce a price cap mechanism on Russian oil exports by December 5, Reuters reports Read Full Article at RT.com

The G7 wants to introduce a price cap mechanism on Russian oil exports by December 5, Reuters reports Read Full Article at RT.com

The G7 wants to introduce a price cap mechanism on Russian oil exports by December 5, Reuters reports Read Full Article at RT.com

The US still remains ‘a ways away’ from reaching an international agreement to impose a price cap on Russian oil exports, with limited enthusiasm from the world’s largest energy buyers India and China, so far, a Senior Biden energy advisor said. But Amos Hochstein, Special Coordinator for International Energy Affairs for President Biden, said he remains optimistic that Russia would ultimately continue its output despite a price limit, in large part because ‘their economy has nothing else...

LONDON — Market forces would quickly undermine any scheme to impose a price cap on Russian oil, one of the architects of benchmark global oil prices said, even…

Mandates to fix prices have been tried before: Jorge Montepeque.