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Daily (30.10.2023): Oil prices jumped by 3% on Friday due to escalation of geopolitical tensions in the Middle East
Oil prices posted a significant 3% surge on Friday due to the U.S. strikes in Syria targeting sites connected to Iran. These strikes raised concerns about an escalation in Middle East geopolitical tensions, potentially leading to disruptions in oil supply in the region. Consequently, Brent crude settled at $90.48 per barrel, and WTI crude closed at $85.54 per barrel.
read more... 30/10/2023
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Emergency EU oil meeting focused on securing diesel supply
European Union officials discussed diversifying oil stocks and creating a buffer for diesel and gasoil during an emergency meeting of the bloc's oil coordination group, one told Reuters.
read more... 30/10/2023
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Serbia-Bulgaria gas pipeline start-up pushed back
Gas flows through the Serbia-Bulgaria gas interconnector may only start by the end of this year, although construction works are nearly complete, Serbian mining and energy minister Dubravka Dedovic-Handanovic said on Friday.
read more... 30/10/2023
Equinor To Bid In Norway’s First Offshore Wind Tender
Norway’s energy major Equinor plans to bid to be admitted to the first offshore wind tender in his home country, Equinor’s chief executive officer Anders Opedal told Reuters on Friday.
read more... 30/10/2023
Daily (27.10.2023): Oil prices declined by over 2% on Thursday as ECB holds interest rates, dampening global demand outlook
Oil prices declined sharply by over 2 % on Thursday, with the outlook for oil demand being negatively impacted by the European Central Bank's (ECB) decision to keep interest rates unchanged, highlighting vulnerabilities in the global economy. As a result, Brent crude settled at $87.93 per barrel, while WTI crude stood at $83.21 per barrel.
read more... 27/10/2023