oilandgasadvancement.com   Monthly E-newsletter - June 2022
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Latest News
Oil purchases by China and India could exceed US estimates

According to one of President Joe Biden’s economic advisers, China and India may be purchasing more Russian oil than the US previously thought, lessening a supply shortage on the world market and possibly causing the current price drop.

Oil Supply Is Expected To Trail Behind Demand Next Year

Biden Says Far Above Normal Refinery Profitability Not Fair

Central American Development Bank Grants $800mn Loan on Fuel Relief

On June 3, a Central American development bank announced that it had authorised an $800 million credit to protect local countries against global fuel price increases, which were triggered in part by Russia’s invasion of Ukraine.

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Russia Counters EU Oil Ban Vowing It Will Find Other Buyers

Shortly after the world’s largest trading bloc agreed to put a partial embargo on Russian crude, Moscow committed to finding new importers.

Russian Gas Supply Limits Forcing Coal Return In Europe

Some European countries are rethinking the use of coal, one of the dirtiest and most polluting energy sources, due to reduced Russian gas flows and the threat of a complete supply disruption.

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