Japanese integrated trading and investment business Marubeni has entered a memorandum of understanding (MoU) with the UK Government to invest £10bn ($12.2bn) in the country’s renewable energy projects over the next ten years.
read more... 16/10/2023
Oil prices posted a 2% daily loss on Thursday, weighed down by fears of weakening demand as a result of tight monetary policies. Consequently, Brent crude settled at $84.07 a barrel, while WTI crude closed at $82.31 a barrel.
read more... 06/10/2023
On Wednesday, oil prices hit new highs, driven by the tightening of global oil supply and a larger-than-anticipated decrease in US crude inventories. As a result, Brent crude soared by 2.8% to settle at $96.55 a barrel, its highest levels in 10 months. Similarly, WTI crude surged by 3.6% to end at $93.68 a barrel, marking its highest level in over a year.
read more... 28/09/2023
Germany must strengthen rather than abandon the liquefied natural gas (LNG) capability built last year to retain energy diversity in the face of continued fragility of supply, a senior economy ministry official told an industry event on Tuesday.
read more... 20/09/2023
Oil prices resumed their upward trend on Friday, boosted by the low level of US crude inventories, further tightening a market already worried about supply shortages. As a result, Brent crude edged 0.8% higher at $90.65 a barrel, while WTI crude rose by 0.7% to $87.51 a barrel.
read more... 11/09/2023