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Daily (14.11.2022): Oil prices rose on Friday due to stronger demand from China
The world's largest petroleum importer, China, is expected to experience increased economic activity and demand after the country's COVID-19 restrictions were partially loosened by the Chinese government. Consequently, oil prices rose on Friday, with Brent crude settling 2.5% higher at $95.99 a barrel. WTI was seen rising by 2.9% to $88.96 per barrel.
read more... 14/11/2022
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Equinor starts production at Norwegian floating wind farm
The Hywind Tampen floating offshore wind farm off the west coast of Norway, which will supply power to oil and gas fields and cut their emissions, started producing its first power on Sunday, Norwegian energy firm Equinor said on Monday.
read more... 14/11/2022
Russia's Rosneft to pay $3.6 bln in first nine-month dividend
Russian state energy company Rosneft said on Monday it plans to pay a dividend on its nine-month results, the first such payment in its history, which is expected to total 216 billion roubles ($3.6 billion) and to boost the nation's budget.
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EU informally agrees stronger carbon price control
EU negotiators have reached an informal accord on a stronger carbon price control mechanism as part of ongoing talks to reform the EU ETS, a key European Parliament member said on Friday.
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Daily (11.11.2022): Electricity forward prices slumped on Thursday on forecasts for a mild winter weather
U.S. inflation data mitigated fears on COVID-19 restrictions in China, lending support to oil prices. Thus, Brent oil traded 1% higher at $93.67 a barrel. WTI crude rose by 0.8% to $86.47 per barrel.
read more... 11/11/2022