On Monday, crude oil prices decreased amid continued global macroeconomic concerns. Sluggish economic recovery in China combined with ongoing macro uncertainty in the US outweighed production cuts from both Saudi Arabia and Russia. Thus, Brent crude slipped by 1% to settle at $77.69 a barrel. Meanwhile, WTI crude dropped by 1.2% to end at $72.99 a barrel.
read more... 11/07/2023
Crude oil prices ended rather flat on Thursday as the combined production cuts from Saudi Arabia and Russia were offset by a possible U.S. interest rate hike. Moreover, economic data concerns from Eurozone and China weighed on price. Hence, Brent crude edged 0.2% lower at $76.52 a barrel. Meanwhile, WTI crude almost closed unchanged at $71.80 a barrel.
read more... 07/07/2023
Crude oil prices rose on Tuesday following the announcement made by Russia and Saudi Arabia regarding further oil production cuts. Hence, Brent crude added 2.1% to settle at $76.25 a barrel. Meanwhile, WTI crude surged by 2.2% to end at $71.32 a barrel.
read more... 05/07/2023
Spain will double its 2030 biogas production target and almost triple its green hydrogen goal as part of a broad upgrade of its energy and climate ambitions, a draft of the government's strategy showed on Wednesday.
read more... 30/06/2023
Norway's government said on Wednesday it has given approval for oil companies to develop 19 oil and gas fields with investments exceeding 200 billion Norwegian crowns ($18.51 billion), part of the country's strategy to extend production for decades to come.
read more... 30/06/2023