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German parliament approves stricter climate targets
Germany’s upper house of parliament on Friday approved stricter climate targets, including a 10-percentage point increase in its emissions reduction goal to 65% on 1990 levels by the turn of the decade.
read more... 28/06/2021
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Gazprom’s Russian June offtake to fall from May
Russian state-controlled Gazprom's domestic gas production is on track to fall in June from the previous month, but the decline would be the second smallest between May and June since 2011, suggesting that the firm may be producing closer to its capacity than in previous years.
read more... 28/06/2021
Daily (25.06.2021): Brent crude hovers at its highest level since October amid signs of strengthening demand
Oil prices ended modestly higher on Thursday, with Brent crude extending its rise to the highest price since October 2018 amid signs of strengthening demand and accelerating German economic activity. WTI crude was supported by drawdowns in U.S. inventories. Hence, Brent crude inched 0.5% higher at $75.56 a barrel. U.S. WTI crude rose by 0.5% to $73.30 a barrel.
read more... 25/06/2021
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Global gas supply in 5-10 years may not be tight given shorter construction
Global natural gas supply in the next five to ten years may not be as tight as market expected with shorter project construction cycles, which can have a significant impact on supply and demand fundamentals, participants at the 7th China LNG & Gas International Summit 2021 held over June 23-24 said.
read more... 25/06/2021
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Gas infrastructure across Europe leaking planet-warming methane
The potent greenhouse gas methane is spewing out of natural gas infrastructure across the European Union because of leaks and venting, video footage made available to Reuters shows.
read more... 25/06/2021