TotalEnergies of France and Italy's Eni on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus.
read more... 23/08/2022
Crude oil prices continued to lose ground, to hit their lowest level since before Russia's invasion of Ukraine, mainly due to a combination of a worsening demand outlook and the prospect of Iran pumping more oil. Hence, Brent crude fell by $2.76, or 2.9%, to settle at $92.34 a barrel. WTI crude shed by $2.88, or 3.2%, to settle at $86.53 a barrel.
read more... 17/08/2022
European countries are on track to reach a gas storage filling target by the start of this winter, but the cost of replenishing stocks will be over 50 billion euros ($51 billion), 10 times more than the historical average of filling up tanks for winter.
read more... 05/08/2022
Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.
read more... 01/08/2022
Crude oil prices surged on Wednesday following reports of lower US stocks and a reduction in Russian gas exports to Europe, which counterbalanced worries about weakening demand and higher interest rates in US. As such, WTI crude rose by 2.4% to settle at $97.26 per barrel, Brent crude ended 2.1% up at $106.62 a barrel.
read more... 28/07/2022