Latest news

Siemens, Total to work on “green” LNG production

A unit of German engineering giant Siemens has entered into a deal with French energy group Total to advance new concepts for “green” liquefied natural gas production.

read more... 12/06/2020

news

Daily (08.06.2020): Crude oil futures settled at 3-month highs on Friday on U.S. jobless drop, OPEC meeting hopes

Crude oil futures rallied on Friday, to close at their highest level since March 6, spurred by AN OPTIMISTIC U.S. jobs report and ON hopes that OPEC+ producers will extend its production cuts for another month at its virtual meeting on Saturday.

read more... 08/06/2020

news

Daily (05.06.2020): Oil prices steady on Thursday despite OPEC meeting uncertainty

Crude oil futures were little changed on Thursday as the delay of the OPEC+ meeting added uncertainty to whether the producers would agree to extend production cuts by 9.7 million bpd into the second half of 2020. Hence, Brent crude for August delivery rose by 0.5% to settle at $39.99 a barrel, continuing to push for $40 per barrel. At the same time, U.S. WTI crude added 0.3% to close at $37.41 a barrel.

read more... 05/06/2020

news

Daily (03.06.2020): EUAs climbed by 5% to above €22 on Tuesday as coal disruptions lifted the energy complex

Crude oil futures edged higher on Tuesday, with investors hoping for a further cut in black gold production at the next OPEC + summit, which could be brought forward to this week. Brent crude for August delivery soared by $1.25, or 3.3%, to settle at $39.57 a barrel, while U.S. WTI crude for July delivery gained $1.37, or 3.9%, to end at $36.81 a barrel.

read more... 03/06/2020

news

Daily (28.05.2020): After previous gains, energy markets turned bearish again on Wednesday

Oil prices turned bearish on Wednesday as tensions between China and the United States intensified, following the statements of the American president about a firm response to China’s proposed security law in Hong Kong. Moreover, some traders treated with suspicion Russia’s commitment to deep production cuts.

read more... 28/05/2020

news