Published: Jul 01, 2022
The energy minister expects oil refinery operators to issue plans this month to help boost liquidity of the Oil Fuel Fund, which is suffering record debts from subsidising pump prices amid the global oil price crisis.
Published: Mar 09, 2022
A ban on Russian energy imports to the United States announced March 08 by President Joe Biden simply codifies the existing reality of an embargo, an energy analyst said, and the US will have no trouble managing without Russian oil.
Published: Mar 06, 2022
South Korea has decided to release 4.42 million barrels of strategic crude reserves to help bring down soaring energy prices and prevent a possible supply shortage amid tensions surrounding Ukraine, the industry ministry said Saturday.
Published: Mar 03, 2022
The WTI for April delivery added 7 percent to settle at 110.60 dollars a barrel, the highest finish since 2011. Brent crude for May delivery increased 7.6 percent to close at 112.93 dollars a barrel, the highest level since 2014.