12.01.2025 US
1055 day since the barbaric invasion of Ukraine

Oil

Joe Biden

The President of the United States, Joe Biden, has signed a historic decision to ban oil and gas extraction.

Joe Biden has permanently closed access to oil and gas drilling on millions of acres of U.S. oceans, emphasizing the priority of ecology, clean energy, and the protection of coastal communities.

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Section of the Druzhba pipeline

Oil supplies from Russia to the Czech Republic suspended: causes and consequences

The Czech Republic is temporarily without oil supplies through the Druzhba pipeline, which covers 58% of the country's needs. Negotiations are underway to prevent a fuel crisis.

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Oil pipeline

An incident occurred at a strategic facility in Poland related to Russia

On Sunday morning, damage to an oil pipeline near the town of Pniewy was identified. Repair work began immediately, and oil supplies are being ensured through a backup line.

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Oil rigs

The US Department of Energy has increased its Brent oil price forecast by $5 per barrel

The US Department of Energy raised its Brent cost forecast for 2024-25 due to the extension of OPEC+ restrictions

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Oil pump jacks extracting crude oil at sunset

Brent falls to $81.3 despite the postponement of the OPEC+ meeting

Saudi Arabia may continue production cuts until 2024

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