The problem will be winter 2023, warn oil companies and traders

The CEOs of the world’s largest oil companies believe that the next winter will be relatively quiet, although prices have risen considerably, pointing to the greatest difficulties for the winter of 2023, that is, for a year from now. In Abu Dhabi, at a conference that brings together producing countries and oil companies, Russell Hardy, […]

Europe returns to gains. Oil and gold fall – Markets in a minute

Oil depreciates. Gas prices fall Oil continues to trade with slight losses, at a time when a new contraction in industrial activity in China has exacerbated concerns about a reduction in demand. Even so, for the first time since October, “black gold” is heading to close the month with gains. The West Texas Intermediate (WTI) […]

Putin rocks the markets. Stocks pressed down, oil and gas up

Vladimir Putin’s announcement of the partial military deployment shook markets strongly, with the main stock indices trading lower and with the price of oil and gas accelerating at the same time that safe haven assets, such as the dollar, appreciated. Benchmark oil for Europe was trading higher, with Brent priced above $92 a barrel, up […]

Galp’s profits rise 153% to 420 million | Companies

Oil company Galp recorded a profit of 420 million euros in the first half of the year, an improvement of 153% compared to the first six months of last year, when it had a result of 166 million, the company announced this Monday. In a statement sent to the Securities Market Commission (CMVM), Galp indicates […]

Diesel and gasoline continue to decline midweek (and oil too). see prices

Tuesday brought further declines in fuel prices in Portugal. Oil returns to declines After a Monday in which fuel prices dropped by around seven cents, this Tuesday the average prices in Portugal continued to fall. Midweek variations are typically smaller than on Mondays, but steady the trend. And that trend continues to be downward: for […]

Diesel drops almost 20 cents in 18 days

After reaching the highest value ever on June 22, diesel has accumulated price drops, which today should add up to around 6.5 cents more per litre. In 18 days, filling the tank cost less than 10 euros. But it’s still much more expensive than before the war The price of diesel fell almost 20 cents […]