Page 60 - Vitol News Today

LONDON: Oil prices were stable on Monday amid expectations that major producers would keep supplies tight, as hopes...

Western sanctions against Russia are driving the BRICS grouping of countries closer together in addition to curbing Moscow's oil revenue, some executives at a major Asia energy conference said. Sanctions imposed by the Group of Seven and other western countries in the aftermath of Russia's invasion last year of Ukraine have capped Russian energy revenues and forced a drastic re-drawing of the global energy map. "Western sanctions on Russia are working ... In the sense that they&...

Commodity trader Trafigura thinks markets are currently underestimating the upside risk for oil prices.

Related to Brazilian oil major Petrobras.

Just days after oil prices hit their highest level this year, energy industry experts are meeting at the Asia Pacific Petroleum Conference.

Africa's first climate summit kicked off in the Kenyan capital on Monday with delegates aiming to forge a common position ahead of upcoming global conferences and discussing how to fund the continent's environmental priorities.

NAIROBI (Reuters) -An initiative to boost Africa's carbon credit production 19-fold by 2030 drew hundreds of millions of dollars of pledges on Monday as Kenyan President William Ruto opened the continent's first climate summit. The ACMI was launched at Egypt's COP27 summit last year.

Bringing Taiwan to the World and the World to Taiwan

Oil market tightness is set to ease in the coming two months as refineries plan end-of-summer maintenance, easing demand.

In China, manufacturing activity expanded unexpectedly in August and a series of economic measures to support the countrys post-pandemic recovery have ignited optimism that demand will pick up in the worlds largest oil importer.