The current hike in energy prices is threatening to overshadow the COP26 climate summit this November as countries scramble to tackle the rising costs of electricity, oil and gas, warned a senior executive at Spanish power firm Iberdrola.
read more... 05/10/2021
BP and Eni are seeking to raise up to $2 billion for their emerging oil and gas joint venture in Angola as they look to reduce debt to help build up renewables businesses, banking and industry sources said.
read more... 04/10/2021
Germany launched a nationwide gas market trading hub, Trading Hub Europe (THE), on Friday after merging its two existing hubs to boost liquidity and simplify administration.
read more... 04/10/2021
Crude oil prices diverged but ended little changed on Thursday as a report showing China is ready to buy more oil to meet energy demand counterbalanced price pressure from an unexpected rise in U.S. crude inventories and a strong dollar. Hence, Brent crude steadied at $78.52 a barrel. U.S. WTI crude rose by 0.3% to $75.03 a barrel.
read more... 01/10/2021
A rapid re-balancing of the European gas market looks an unlikely prospect in Q4 2021 as prices continued to reach fresh record highs deep into September.
read more... 01/10/2021