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Spain was top destination for US LNG delivered in May amid strong demand
Spain received more US LNG than any other country in May, tripling the number of American cargoes it imported versus a year earlier, as gas-for-power demand surged, and it seized opportunities to send some volumes to neighboring France, S&P Global Commodity Insights data showed.
read more... 06/06/2022
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EU publishes sixth sanctions package, including oil import restrictions
The EU published details of its sixth sanctions package against Russia June 3, including phasing out Russian crude imports in 6 months, and other refined products in 8 months.
read more... 06/06/2022
Daily (03.06.2022): Oil prices jumped on Thursday, as US crude inventories declined more than expected
Weaker US crude inventories and increased demand for fuel lent support to oil prices on Thursday. As a result, Brent crude rose by 1.1% to $117.61 a barrel.
read more... 03/06/2022
German industry calls for 10 GW, €10Bn push for offshore green hydrogen production
Eight associations and networks in Germany, through a joint initiative called Offshore-Wind-H2-Eight (Offshore-Wind-H2-Achter), have called for bigger and concrete steps in bringing hydrogen production at sea, powered by offshore wind, to a more significant spot in German plans for producing hydrogen from renewable sources.
read more... 03/06/2022
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RWE buys 1.4-GW Dutch Magnum gas-fired power plant for Eur500 million
German utility RWE has bought the 1.4-GW Magnum power station in Groningen, the Netherlands from Sweden's Vattenfall for Eur500 million ($534 million), the utilities said June 2.
read more... 03/06/2022