Decent chance oil hops around $70-80 for a few weeks. Expect reserves - both commercial and strategic - to drain pretty rapidly at these fake prices. 🛢️ #OilPrices #MarketTrends #EnergyEconomy #Thetweetdoesnotmentionanyspecificcountries.Therefore #therearenocountrycodestoprovide.
🇷🇴🇸🇦Good exchange with Saudi FM Prince Faisal bin Farhan @FaisalbinFarhan on the margins of the #Gymnich in Cyprus. Our trade has tripled in three years, reaching more than $ 1bn. Building on our 2025 energy & economy talks, we are advancing an investment-protection agreement and https://t.co/FDlKYZUKnh #SaudiArabia #TradeRelations #EnergyEconomy #RO #SA #CY
US consumer prices increased by 3.8% in April, driven largely by a 28% surge in petrol costs resulting from the ongoing Iran war, marking the first decline in real wages in three years and highlighting the financial strain on middle and lower-income households. #inflation #consumerprices #energyeconomy #US #IR #RU #UA #IL
After reading Wednesday's announcement, take a look at Monday's data: On Wednesday morning, the price of gas was already 11% lower than yesterday's close. For 1 MWh, around 40.5 euros was paid. In comparison, during the peak of the conflict, it was even over 61 euros. Later, prices started... (translated)
European oil and gas companies have reported significant profit increases in the first quarter due to soaring energy prices linked to the Iran conflict, prompting renewed calls across Europe for windfall taxes on their excessive gains to support consumers and address inflation. #EnergyEconomy #FossilFuels #WindfallTax #GB #FR #DE #AT #ES #IT #PT #IR #RU #US
Oil prices decreased on Tuesday after a rise attributed to heightened tensions in the Middle East, including an attack by Iran on UAE and US military concerns over shipping disruptions in the vital Strait of Hormuz. #OilPrices #MiddleEastConflict #EnergyEconomy #AE #IR #US #CN #JP #KR #HK
Excellent panel at #MIGlobal today on two forces shaping today’s economy: the impact of the war in the Middle East on energy supplies & economies & the steady evolution of AI. A thoughtful discussion on near-term challenges & longer-term opportunities for businesses & societies. https://t.co/e3H91H054v #MiddleEast #EnergyEconomy #AI #IL #PS
In the past two months since the onset of the conflict in Iran, Italians have spent over 1.7 billion euros more on bills, fuel, and mortgages, with significant increases in gas and fuel prices contributing to an estimated additional cost of approximately 500 million euros for utilities alone, alongside rising mortgage rates due to fluctuations in the Euribor index. #IranConflict #RisingCosts #EnergyEconomy #IR #IT
