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Daily (05.12.2022): NBP spot settled down on Friday amid forecasts for strong LNG arrivals
A bearish trend was seen in crude oil prices on Friday ahead of a meeting of the OPEC+ on Sunday and an EU ban on Russian crude on Monday. Thus, Brent crude decreased by 1.5% to settle at $85.57 a barrel. WTI crude ended around 5% lower at $79.98 a barrel.
read more... 05/12/2022
Gassco eyes 18 GW hydrogen pipeline to Germany for 2030
Norwegian gas TSO Gassco is mulling a pipeline to Germany, which could be ready in 2030 and deliver up to 4m tonnes of hydrogen a year.
read more... 05/12/2022
France’s €13.5bn scheme to compensate energy-intensive firms granted EU approval
A French scheme, with a total estimated budget of €13.5 billion (£11.6bn), to partially compensate energy-intensive companies has approved by the European Commission.
read more... 05/12/2022
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EU reaches deal for $60/b price cap on Russian crude ahead of G7 deadline
The EU reached an agreement Dec. 2 for a $60/b price cap for Russian crude, paving the way for the G7-led initiative to launch Dec. 5, a move expected to further shake up global seaborne oil trade as Russian crude and oil products struggle to find new buyers.
read more... 05/12/2022
Daily (02.12.2022): Oil prices gain ground on Thursday due to uncertainty on a price cap level
Oil prices were bullish on Thursday, as EU members failed to agree on a price cap level over the past few weeks, but the limit is scheduled to take effect from 5 December. Stronger demand from China following the ease of restrictions in two major Chinese cities also contributed to the rise. Consequently, Brent crude increased by 1.7% to $86.88 a barrel and WTI oil edged 0.8% higher at $81.22 a barrel.
read more... 02/12/2022