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Daily (08.08.2022): Oil prices ended the week at their lowest levels since February
Strong U.S. job market growth helped oil prices recover some of their losses last week, but they still ended the week at their lowest levels since February due to concerns that a recession could affect fuel demand. As such, Brent crude oil price rose by 0.9% to $94.92, while WTI crude ended 0.5% higher to settle at $89.01.
read more... 08/08/2022
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France to become net power importer after 20+ years
France looks set be a net power importer this year due to record low output at nuclear and hydropower facilities, an analyst said on Friday.
read more... 08/08/2022
Equinor's UK Rosebank investment to reach $5.2 billion
Equinor's Rosebank oil and gas field in the British North Sea will require capital expenditure of about 4.3 billion pounds ($5.22 billion), Equinor's UK upstream chief Arne Guertner told Reuters on Friday.
read more... 08/08/2022
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Hydro plant with capacity to charge 400,000 car batteries
Switzerland is adding a much needed cog in the wheel to its energy supply with an underground hydropower plant that says it has capacity to store enough electricity to charge 400,000 car batteries simultaneously.
read more... 08/08/2022
Daily (05.08.2022): Oil prices continued to fell on Thursday on economic recession fears
In response to the Bank of England's warning of a protracted recession and ahead of today's highly anticipated employment report in the US, crude oil fell on Thursday. As such Brent crude dropped by 2.8% to $94.12 a barrel, while WTI crude ended 2.3% lower at $88.54.
read more... 05/08/2022