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Daily (18.07.2022): Oil prices rose on Friday due to the lack of an immediate oil extraction growth forecast in Saudi Arabia
Oil rose on Friday after U.S. official said that an immediate Saudi oil output surge was not anticipated. Thus, Brent crude ended 2.1% higher at $101.16 a barrel and WTI rose by 1.9% to settle at $97.59 a barrel.
read more... 18/07/2022
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EU's chief executive heads to Azerbaijan in search of gas deal
European Commission President Ursula von der Leyen will travel to Baku on Monday to seek more natural gas from Azerbaijan, the EU's executive said, as the European Union seeks to reduce its reliance on Russian energy.
read more... 18/07/2022
France's TotalEnergies eyes FSRU deployment at German port of Lubmin
France's TotalEnergies is in talks with German authorities about deploying one of its two floating LNG import vessels at Lubmin in northern Germany, a TotalEnergies spokesperson said July 15.
read more... 18/07/2022
EU launches 5.4-billion-euro hydrogen project with Alstom, Daimler, others
The European Commission on Friday approved a 5.4-billion-euro ($5.4 billion) hydrogen project jointly funded by 15 EU countries and 35 companies including Alstom and Daimler Truck, seeking to gain the edge in an innovative sector.
read more... 18/07/2022
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(Daily 15.07.2022): Oil prices fell to a one-month low due to weak demand
Oil prices fell on Thursday as investors are concentrated on the possibility of a significant rate hike in the United States later this month, which may reduce inflation but also dampen oil demand. Thus, Brent and WTI crude ended both 0.5% lower at $99.10 and $95.78 a barrel respectively.
read more... 15/07/2022