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Daily (07.12.2020): An agreement at the OPEC+ summit boosted oil prices on Friday
The positive conclusion of the OPEC+ summit and the decision of its members to increase production gradually over the course of 2021, lent support to crude oil prices, sending them higher on Friday. As such, Brent crude for February delivery edged 1.1% higher at $49.25 a barrel, while WTI oil ended 1.4% up at $46.26 a barrel.
read more... 07/12/2020
German utility E.ON to invest over 127 mln lei (26 mln euro) in smart meters in Romania
German utility group E.ON said on Friday it plans to install 397,000 smart meters in Romania by 2028, investing 127 million lei ($32 million/26 million euro) in the project.
read more... 07/12/2020
India's coal import drops 19 per cent to 117 million tonnes during April-October this fiscal
India had imported 143.63 MT of coal during the corresponding period of FY 2019-20, according to a provisional compilation by mjunction services, based on monitoring of vessels' positions and data received from shipping companies.
read more... 07/12/2020
Viva Energy signs up partners to develop LNG terminal at Geelong
One of the consortiums is comprised of ENGIE SA's local unit and Japan's Mitsui & Co, while the other is made of Dutch energy and commodities trader Vitol and energy storage provider VTTI, Viva Energy said
read more... 07/12/2020
Daily (04.12.2020): Oil prices hit their highest levels since March after OPEC agreed to gradually increase production
Crude oil futures jumped to their highest levels since March after OPEC+ agreed to gradually return to the market 2 million barrels per day expected early next year, starting with 500,000 barrels per day in January, at the end of four days tough negotiations. The deal is a compromise meant to allow its members to benefit from rising prices without flooding the market. Hence, Brent crude increased by 1% to settle at $48.71 a barrel. Meanwhile, U.S. WTI crude rose by 0.8% to end at $45.28 a barrel.
read more... 04/12/2020