Latest news
Russia's Novak sees global oil output cuts easing from August
Russian Energy Minister Alexander Novak said on Thursday that the OPEC+ group of oil producers is expected to start easing oil output cuts from August as previously agreed.
read more... 06/07/2020
Germany passes ‘coal-exit’ law to phase out fossil fuels by 2038
German lawmakers have voted a roadmap for the coal-free era in the country, which includes abandoning nuclear power by 2022
read more... 06/07/2020
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Daily (03.07.2020): Brent and WTI settled on Thursday at their highest levels since March amid lower U.S. unemployment rate
Crude oil futures posted a second consecutive day of gains on Thursday, with Brent and WTI hitting their highest levels since March 6, after a decline in U.S. unemployment rate and a sharp drop in crude stockpiles earlier this week. Hence, Brent crude for September delivery soared by $1.11, or 2.64%, to settle at $43.14 per barrel. At the same time, U.S. WTI crude edged 83 cents higher, or 2.08%, to end at $40.65 per barrel.
read more... 03/07/2020
RWE wraps up acquisition of Innogy's renewable energy ops
German energy major RWE AG said on Wednesday that its complex asset-swap with rival E.on SE is now fully completed, creating a massive renewable energy business.
read more... 03/07/2020
Polish govt agrees offshore wind cooperation with sector players
The government of Poland and representatives of the offshore wind industry have entered into a letter of intent that outlines their future cooperation in the development of the particular sector.
read more... 03/07/2020