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“EU gas supply faces twin threat this winter”
European gas supply is facing the twin threat this winter of ongoing infrastructure bottlenecks and the escalating conflict between Ukraine and Russia, said industry experts on Thursday.
read more... 16/08/2024
Daily (15.08.2024): Oil prices eased by over 1% as Middle East tensions subsided amid potential Iranian retaliation delay
Oil prices eased on Wednesday, as Iran is potentially delaying retaliation against Israel pending a Gaza ceasefire. Consequently, Brent crude decreased by just over 1%, to end at $79.76 a barrel, while WTI crude fell by nearly 2%, to settle at $76.98 a barrel.
read more... 15/08/2024
Poland commits almost €5bn loan scheme to fund offshore wind
The Polish Government announced it is launching a near €5bn ($5.46bn) loan programme for offshore wind, financed by the EU’s recovery funds.
read more... 15/08/2024
Europe's gas surplus has mostly been eliminated
Europe's record gas surplus inherited from the winter of 2023/24 has been largely eliminated following an unusually small accumulation of inventories so far in the summer of 2024.
read more... 15/08/2024
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Norwegian oil companies to further increase oil investments
Norwegian oil and gas investments are expected to hit a record this year and to stay high in 2025, driven by a string of ongoing field developments and cost inflation, a national statistics office (SSB) survey showed on Thursday.
read more... 15/08/2024