Latest news
Energy Coal confirms Spain did not import Russian coal
Italy-headquartered coal trader Energy Coal confirmed to Argus that a recent shipment of coal carried on the 9,679t Sava discharging at Gijon was of non-Russian origin, despite media reports last week to the contrary.
read more... 04/05/2023
Norway Set To Accelerate Arctic Oil And Gas Drilling
Companies operating in the Norwegian Continental Shelf are planning for more drilling in the Arctic areas in the Barents Sea, encouraged by Norway’s government which wants more oil and gas discoveries to boost energy security and help European partners with energy supply.
read more... 04/05/2023
Daily (03.05.2023): Brent crude fell to the lowest level since March 24
Crude oil prices slumped to their lowest levels since March 24 on increased fears over demand due to poor Chinese economic. Meanwhile, the US Federal Reserve is likely to raise rates by 25 basis points, boosting concerns about economic instability in the United States. Hence, Brent crude plunged by 5% to settle at $75.32 a barrel. WTI crude plummeted by more than 5% to $71.66 a barrel.
read more... 03/05/2023
Daily (2.05.2023): Crude prices rose by about 2% on Friday amid stronger U.S. oil demand and lower output
Crude oil prices gained ground on Friday after energy firms posted positive earnings and US data showed crude output was declining, while fuel demand was growing. Hence, Brent crude rose by 1.5% to settle at $79.54 a barrel. Meanwhile, US WTI crude increased by 2.7% to $76.78 a barrel.
read more... 02/05/2023
Energy crisis drives EU institutions to cut down on energy use, go solar
The energy crisis and pressure to reduce consumption following the invasion of Ukraine have driven further demand cuts as EU institutions join efforts to cut energy use and emissions.
read more... 02/05/2023