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Oil posts third weekly loss as EU postpones price-cap talks
Oil posted a third weekly loss as the European Union suspended talks over a Russian oil price cap amid disagreements between member states.
Estonia's Sikkut: Russian Oil Price Cap Should Be as Low as Possible
Estonia said a Russian oil price cap should be as low as possible, between 30 and 65 dollars, as European diplomats are locked in negotiations over how strict a price cap on Russian oil should be . Discussions were also heated about a price cap on gas, as the EU seeks a compromise by their next meeting on December 13. The Estonian Minister of Economic Affairs Riina Sikkut spoke with Bloomberg's Maria Tadeo on the sidelines of the EU energy ministers meeting in Brussels.
Oil steady as Russian price-cap talks drag on and demand lags
Oil was little changed as the European Union considered a higher-than-expected price cap on Russian crude and evidence mounted of challenges to demand.
Bruegel's Tagliapietra on EU Gas Price Cap
Simone Tagliapietra, senior fellow at Bruegel, discusses Europe's response to the energy crisis, including the European Commission's plan to set an emergency brake on natural gas prices. Tagliapietra warns the gas price cap could cause potential friction and will be unnecessary. He speaks on "Bloomberg Markets: European Open."
Oil Traders Focus on Russia Price Cap, OPEC+'s Next Move
The European Union may announce more details of its proposed price cap on Russian oil exports on Wednesday, while OPEC+ is preparing for its next meeting on Dec. 4. Bloomberg's Paul Wallace reports on what the EU will decide, how Russia will react and what OPEC+ is likely to do next month on "Bloomberg Daybreak: Europe."
Oil recovers after choppy session of OPEC+ supply speculation
Oil rose after a choppy session on Monday as investors juggled an uncertain supply outlook with concerns that demand in virus-hit China will slip further.
Oil Steadies After Wild Ride Amid OPEC-Headline Turmoil
Oil is little change after a volatile session after Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman denied a report that it was discussing a production increase, and there are concerns about China's demand as repeated Covid-19 outbreaks prompt officials to press on with lockdowns and movement curbs. Stephen Stapczynski reports on Bloomberg Television.
Oil edges lower in volatile session amid OPEC-headline turmoil
Oil emerged from a volatile session largely unchanged after Saudi Arabia denied a report that it was discussing an oil-production increase.
Dollar to Get Stronger Into End of Year: UBS Global Wealth Management
Wayne Gordon, executive director of commodities and foreign exchange at UBS Global Wealth Management, discusses the dollar and Federal Reserve policy, China's XCovid Zero strategy and the implications for the economy and financial markets, and the outlook for energy. He speaks with Juliette Saly and Rishaad Salamat on "Bloomberg Markets: Asia." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
Shawcor sells oilfield asset management business in deal worth at least $15M
Shawcor says it has sold its oilfield asset management business to Force Inspection Services Inc. in a deal worth at least $15 million.