Crude oil prices increased on Friday following the announcement made by Russia and Saudi Arabia to reduce production and exports. Hence, Brent crude hiked by 1.8% to end at $81.07 a barrel.
read more... 24/07/2023
Crude oil prices notched a small increase yesterday as the market expects that China will roll out more stimulus measures to support domestic demand. Furthermore, signs of a decline in crude oil exports from Russia lent further support to prices. Hence, Brent crude edged 0.2% higher at $79.64 a barrel.
read more... 21/07/2023
On Wednesday, crude oil prices slipped on concerns about Chinese and US demand. Hence, Brent crude edged 0.2% lower at $79.46 a barrel, while WTI crude decreased by about 0.5% to settle at $75.35 a barrel.
read more... 20/07/2023
An ongoing energy crisis and an economic downturn is expected to slow global power demand growth in 2023, but a probable rebound in 2024 means more renewable capacity needs to be developed, the International Energy Agency (IEA) said on Wednesday.
read more... 20/07/2023
The EU’s new joint gas buying platform matched 11.98bcm of sales offers and demand for delivery from August 2023-March 2025 in its second tendering round, European Commission vice president Maros Sefcovic said on Thursday.
read more... 14/07/2023