On Monday, oil prices tumbled. The drop was attributed to Saudi Arabia's decision to reduce its tariffs as part of a strategic move to reposition itself amid uncertainties and increasing competition in the market. As a result, Brent crude settled 3.3% lower at $76.12, while WTI crude declined by more than 4% to stand at $70.77 per barrel.
read more... 09/01/2024
The “draft bill on energy sovereignty”, which could still change before its final presentation in the coming weeks, lays out France’s energy objectives for 2030.
read more... 09/01/2024
The Dutch government said on Monday it would turn on the "pilot light" - meaning minimal production - at two stations in the Groningen gas field due to impending cold temperatures in the Netherlands.
read more... 09/01/2024
Norway's state-owned renewable power producer Statkraft on Monday said it plans to invest up to 6 billion euros ($6.56 billion) to upgrade its domestic hydro and wind power facilities and to build new onshore wind farms.
read more... 09/01/2024
On Friday, oil prices bounced back, supported by a decrease in Libyan supply and concerns about the potential expansion of the conflict in the Middle East to other countries, with traders opting for cautious positions ahead of the weekend. As a result, Brent crude settled 1.5% higher at $78.76, while WTI crude rose by more than 2% to end at $73.81 per barrel.
read more... 08/01/2024