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oil prices have risen before today s meeting of the cartel of oil producing nations, as ministers prepare to set targets for the summer, a time of what will be rising demand across europe and the us. this is their first meeting since the eu imposed sanctions on russian crude. the group is under pressure to exclude russia, the world s third largest oil producer, from future producton quotas. it would be a move that could pave the way for saudi arabia and the uae to pump more oil. here s our middle east business correspondent, sameer hashmi. opec plus is opec plus is expected opec plus is expected to opec plus is expected to stick opec plus is expected to stick to its current policy of making a modest increase in production which translates to a little over 400,000 barrels of oil per day. this is in line with the opec plus agreement that was signed between the members in 2021. but the question that will be on the table and under the spotlight is what will opec plus do aft ....
Brazilian state-run oil company Petrobras output rose last year to 2.78 million barrels of oil equivalent per day (boepd), up 3.7% from 2022, according to a securities filing on Friday. ....
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To europe and the us, to asia. but it does so in ships. and those need to be insured. lloyd s of london, the world s oldest insurance market, said on wednesday it was working closely with british and other governments, and regulators, to implement global sanctions against russia, by banning insurers from covering ships transporting russian oil. joining me now is nathan piper, head of oil and gas research, investec. good to see you. how key is the insurance market to the trade of oil? on top of the eu sanctions on russian oil that were announced a few days before, and ensuring these volumes is critical, really, to getting russian crude onto vessels and thought of disrupting the enablers and the insurers and the banks is really going to stop russian volumes transporting freely ....
Doesn t it, including just transporting goods to shops so we will all pay the price. absolutely, the highest oil and diesel prices in the north sea in the last 20 years and this is going to have an impact on everybody stopping just like the gas prices. the european, uk gas price is at its all time high, in fact the gas price is more than double the oil price at the moment, so whether it is energy bills or petrol pumps or yes, what could drive inflation across the board are all going to be impacted by these high oil and gas prices. oil and gas prices. nathan, thanks for oil and gas prices. nathan, thanks for your oil and gas prices. nathan, thanks for your insight. - oil and gas prices. nathan, thanks for your insight. it | oil and gas prices. nathan, | thanks for your insight. it is one we will talk about again. nathan piper there, oil and gas research at investec. so how would an oil ban fit in with the sanctions already announced ? the list of companies terminating their operatio ....