Oil prices retreated on Monday despite recent production cuts extensions declared by the OPEC+ members, as worries about demand outweighed. Consequently, the Brent crude oil fell by 1% to settle at $82.80 a barrel, while WTI crude tumbled by 1.5% to stand at $78.74 a barrel.
read more... 05/03/2024
A broad coalition of members of the European Parliament has written to the leaders of EU institutions urging them to ban all Russian energy from Europe, including pipeline gas and LNG.
read more... 04/03/2024
Lithuania will call for urgent legal actions to stop Russian LNG imports to the EU at an energy ministers' council meeting on Monday, a senior EU diplomatic source said on Thursday.
read more... 01/03/2024
The first vessel carrying liquefied natural gas (LNG) for Germany's Baltic Sea terminal of Mukran arrived on Saturday for a test operation as the country steps up its quest to replace Russian pipeline gas.
read more... 26/02/2024
LNG demand in the EU, the UK, Turkey and Norway will peak in 2025 at 169bcm and drop to 133bcm by 2030, the Institute of Energy Economics and Financial Analysis (IEEFA) said on Wednesday.
read more... 22/02/2024