Oil prices increased slightly on Wednesday after official US data showed that oil stockpiles fell for the second week in a row, indicating that the global market is tightening. As a result, Brent crude rose 47 cents to $114.03 a barrel. WTI crude for July delivery in the United States rose 56 cents to $110.33 a barrel.
read more... 26/05/2022
Norway's state-controlled Equinor and its partners in the Halten East gas project have submitted the relevant development plan, which will see first production from the cluster of discoveries in 2025.
read more... 26/05/2022
After strong gains on Monday, oil prices stabilised on Tuesday as fears about constrained supply outweighed worries about a possible recession and China's COVID-19 restrictions. Brent crude edged 14 cents higher at $113.56 a barrel. WTI crude fell by 52 cents to $109.77 a barrel.
read more... 25/05/2022
Germany is planning to use coal-fired power stations which would have been idled this year and next as reserve facilities in case of disruption to gas supplies from Russia, economy ministry sources said on Tuesday.
read more... 25/05/2022
The European Union plans to start jointly buying gas before winter, the bloc's energy policy chief said on Monday, as it seeks to cut reliance on Russian fossil fuels and build a buffer against further energy supply shocks.
read more... 24/05/2022