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The IEA Expects Global Oil Demand Hit A Record High In 2023
Global oil demand is set to increase by 2 million barrels per day (bpd) this year, pushed up by growth in Chinese consumption after the reopening, the International Energy Agency (IEA) said on Wednesday as it raised its 2023 demand growth estimate by 100,000 bpd from last month’s forecast.
read more... 16/02/2023
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Serbia to invest 100 mln euro in oil pipeline with Hungary
Serbia plans to invest 100 million euro ($108 million) in the construction of an oil pipeline to Hungary which will help diversify the country's energy sources, the energy ministry said on Thursday.
read more... 10/02/2023
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EU launches global LNG reference price as gas cap looms
European Union regulators have launched a new reference price for liquefied natural gas (LNG), as part of plans to cap benchmark gas prices if they surge like they did last year after Russia curbed supply.
read more... 03/02/2023
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EU eyes $100/barrel cap on Russian premium oil products, $45 on discounted
The European Commission is proposing that the EU set a $100 per barrel price cap on premium Russian oil products like diesel and a $45 per barrel cap on discounted products like fuel oil, European Union officials said on Thursday.
read more... 27/01/2023
Lack of data thwarts EU's first attempt to launch LNG price assessment
European Union energy regulators have been unable to launch a planned liquefied natural gas (LNG) price assessment because they have not receive enough data from market participants.
read more... 17/01/2023