The Netherlands on Monday (14 March) said output from the Groningen gas field would be only a last option to secure its energy needs in the wake of Russia’s invasion of Ukraine, as it cut its production forecast for the facility this year.
read more... 16/03/2022
Crude oil prices fell sharply on Monday to hit their lowest levels in two weeks amid ongoing negotiations between Russia and Ukraine, as well as pandemic-linked travel ban in China. Hence, Brent crude dropped by 5% to settle at $106.90 a barrel. U.S. WTI crude shed by 5.8% to close at $103.01 a barrel.
read more... 15/03/2022
Germany should rethink its ban on allowing new drilling for oil and gas in the North Sea as it tries to reduce its dependence on Russian energy due to the invasion of Ukraine, Finance Minister Christian Lindner said on Sunday.
read more... 14/03/2022
Construction of the Danish part of Baltic Pipe, which will connect Poland to Norwegian gas fields, is resuming following a nine month hiatus, Danish grid operator Energinet said on Tuesday.
read more... 14/03/2022
Oil prices retreated on Thursday, taking a breather after a period of wild trading as Russia pledged to fulfill contractual obligations. Hence, Brent crude fell by $1.81, or 1.6%, to settle at $109.33 a barrel. U.S. WTI crude dropped by $2.68, or 2.5%, to settle at $106.02 a barrel.
read more... 11/03/2022