Alaric Nightingale
Journalist at Bloomberg News
Al Nightingale. Journalist at Bloomberg News. When tweets are not about oil, I have failed. Any views are my own. email: [email protected]
Articles
-
2 weeks ago |
rigzone.com | Alaric Nightingale
The Kremlin said it’s doing everything possible to minimize the impact of a global oil price rout on Russia’s economy as the nation’s key export grade plunges toward $50 a barrel for first time in 21 months. “We are very closely monitoring the situation, which is currently characterized as extremely turbulent, tense and emotionally overloaded,” the Interfax cited Kremlin spokesman Dimitri Peskov as saying Monday.
-
2 weeks ago |
bloomberg.com | Alaric Nightingale
A plunge in global oil prices has driven down the price of Russia’s flagship grade Urals toward $50 a barrel, raising pressure on the state budget as the Kremlin ramps up defense spending for its war on Ukraine. The country’s Urals grade from the Baltic Sea port of Primorsk slumped to $52.76 on Friday, data from Argus Media show. The country’s barrels have traded at deep discount to the global benchmark Dated Brent ever since the invasion began, more than three years ago.
-
Sep 4, 2024 |
bloomberg.com | Alaric Nightingale
This month’s mini-rout in the oil market has driven the price of Russia’s flagship crude back down toward a threshold that the Group of Seven sought to impose on Moscow as punishment for the war in Ukraine. The nation’s Urals grade from Russia’s Baltic and Black Sea ports traded at an average price of $62.40 on Wednesday, according to data from Argus Media. It fell by almost $5 since Monday.
-
Aug 12, 2024 |
bloomberg.com | Alaric Nightingale
The International Energy Agency made deep cuts to its estimates on oil refineries’ historical profits as it announced changes to its methodology for calculating their processing margins. The Paris-based adviser to energy consuming nations published hefty across-the-board reductions to margins as far back as 2021 in its monthly market report and said it restated them in its data as far back as 2020.
-
Jul 15, 2024 |
shippingwatch.com | Alberto Nardelli |Alex Wickham |Alaric Nightingale
The UK plans to launch a “call to action” this week with a group of European nations to target the so-called shadow fleet of oil tankers that Russia uses to skirt international sanctions, according to people familiar with the matter and documents seen by Bloomberg. An unspecified number of governments are set to endorse a plan on the sidelines of a European Political Community meeting hosted in Britain on Thursday by Prime Minister Keir Starmer, according to a draft statement.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →Coverage map
X (formerly Twitter)
- Followers
- 4K
- Tweets
- 3K
- DMs Open
- No
Biden's farewell sanctions are driving up Russia's oil transportation costs (for Urals) by @alexlongley1 + thanks to @ArgusMedia https://t.co/qCWztv6AmE via @markets
Kpler says (i infer only a little bit) that there aren't enough risk-willing unsanctioned tankers to go around between Iran, Russia and Venz https://t.co/cj57GZeL3L via @markets
RT @JavierBlas: COLUMN: What Ukraine has is scorched earth; what it doesn’t have is rare earths. Surprisingly, many people — not least, U…