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OIL


EXPLAINER: What's the impact if Europe cuts off Russian oil?

Europe is discussing a boycott of Russian oil over the Kremlin's invasion of Ukraine. The EU is now discussing sanctions on Russian oil, including a possible boycott. “This would give markets enough time for a structural reorientation away from Russian oil,” the analysts said. That's not too far from today's situation, with some traders and banks shunning Russian oil even without sanctions. Yet because of generally higher oil prices, Russia's revenue losses have so far been limited.

wftv.com

Germany to ban Russian oil imports by end of year

Germany currently gets a quarter of its oil and 40% of its gas from Russia

bbc.co.uk

Pleas to Stop Buying Russian Oil and Gas Go Unheeded

Ukraine’s appeal to the West to end energy commerce with Putin’s regime are ignored — for now.

washingtonpost.com

How to reuse and properly dispose of cooking oil

Knowing what to do with used oil and grease is a requirement of being a cook. Here's how to reuse and properly dispose of it.

washingtonpost.com

White House orders release of 50 million barrels of oil to ease energy costs

President Joe Biden is ordering a record 50 million barrels of oil released from America's strategic reserve to help bring down energy costs.

OPEC+ to resume crisis talks as Saudi Arabia and the UAE remain at loggerheads over oil output

OPEC+ will resume talks on Monday, seeking to broker a deal on crude output after the group unexpectedly failed to reach an agreement last week.

cnbc.com

Baking with oil rather than butter is easier, faster and just as delicious

Baking with oil not only requires less work, and results in fewer dirty dishes, than butter, but it also produces tender, moist baked goods with an impressively long shelf-life.

washingtonpost.com

Want a surefire grilled fish recipe? This smoky sea bass with a 4-ingredient sauce is it.

A meaty fish, preheated grill and clean grates are a few of the keys to easier fish grilling.

washingtonpost.com

OPEC to boost oil output as economies recover, prices rise

The OPEC oil cartel and allied producing countries have confirmed plans to return 2.1 million barrels per day of oil output, balancing fears that COVID-19 outbreaks in some countries will sap demand against surging demand from recovering economies around the globe.

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OPEC maintains 2021 oil demand growth forecast, warns outlook clouded by pandemic fears

LONDON — Oil producer group OPEC on Thursday kept its 2021 forecast for global oil demand growth unchanged, but warned uncertainties over the impact of the coronavirus pandemic remain high. The closely-watched oil market report comes as coronavirus cases continue to surge worldwide, with new lockdowns imposed in Europe and parts of China. The 13-member group said it expected global oil demand in 2021 to increase by 5.9 million barrels per day year-on-year to average 95.9 million barrels per day. The group said world oil demand growth in 2020 declined by 9.8 million barrels per day year-on-year to average 90 million barrels per day. "Accordingly, oil demand is anticipated to rise steadily this year supported primarily by transportation and industrial fuels," the group said.

cnbc.com
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