Alfred Stern, CEO of OMV, said the energy company is “trying to find sanction-conformed solutions” after Russia demanded payment for gas in rubles.
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It’s almost impossible for Europe to replace Russian gas in the short-term, OMV CEO says
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Army chief of staff fired by Hegseth, sources say
Chief of Staff of the Army Gen. Randy George waits to testify before the start of the Senate Armed Services Committee hearing on the FY 2025 budget for the Department of the Army in the Hart Senate Office Building on Thursday, April 18, 2024. Bill Clark | CQ-Roll Call, Inc. | Getty Images U.S. Army […]
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Asia-Pacific markets rise in Easter trade on hopes for Hormuz reopening
Asia-Pacific markets traded higher Friday, after news that Iran and Oman were drafting a protocol to “monitor transit” through the Strait of Hormuz raised hopes that the crucial waterway could partially reopen. Tanker traffic through the key oil-shipping route “should be supervised and coordinated” with the two countries, said Kazem Gharibabadi, Iran’s deputy foreign minister of […]
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Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis
The spot price for current physical cargoes of Brent crude oil soared Thursday to $141.36, the highest level since the 2008 financial crisis, according to S&P Global, which tracks the data. The spot price reflects the demand for Brent oil that will be delivered in the next 10 to 30 days. The high price for […]
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