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Daily (03.02.2021): Oil prices soared by about 2% on Tuesday to hit their highest levels in over a year
Crude oil prices rallied on Tuesday to hit the highest settlement in over a year as OPEC+ group, which will meet later this week to review the oil market, is expected to reduce production. Hopes that the U.S. Congress will adopt the long-awaited $1.9 trillion economic stimulus package were supporting the U.S. crude benchmark. Hence, Brent crude rose $1.11, or 2%, to end the session at $57.46 a barrel. U.S. WTI crude soared by $1.21, or 2.3%, to settle at $54.76 a barrel.
read more... 03/02/2021
UK emissions ‘fell by 44% between 1990 and 2019’
Latest stats show energy sector has decarbonised by 65.5% from 1990 but transport by just 4.6%
read more... 03/02/2021
Serbia to invest 10 bln euro in power, mining sectors
Serbia's government has prepared a 10 billion euro ($12 billion) investment plan for the electricity and mining sectors, energy minister Zorana Mihajlovic said on Tuesday.
read more... 03/02/2021
Russia's Rosneft looks to Arctic to ramp up LNG output
The projects were considered as part of its LNG strategy at a meeting chaired by Deputy Prime Minister Alexander Novak last month
read more... 03/02/2021
Daily (02.02.2021): Oil climbed to the highest level in three weeks on Monday amid supply cuts, lower U.S. inventories
Oil prices surged to their highest levels in three weeks on Monday, buoyed by falling U.S. crude inventories and a further reduction in Saudi production. A change in the sentiment, which was driven by broader market strength, following positive economic data, brought additional support to oil markets. Brent crude rose by 0.9% to settle at $56.35 a barrel. Meanwhile, U.S. WTI crude soared by $1.35, or 2.6%, to close at $53.55 a barrel. For month, both benchmarks gained nearly 8%.
read more... 02/02/2021