Portugal will start producing green hydrogen by the end of 2022 and already has private investment worth around 10 billion euros ($12 billion) lined up for eight projects that are expected to move forward, Environment Minister Joao Matos Fernandes said.
read more... 26/02/2021
Crude oil futures rallied on Monday to settle at their highest levels in more than a year amid expectations of a slow recovery in output after last week’s deep freeze in Texas which cut U.S. crude production by as much as 40%. The gains were also attributed to expectations that OPEC+ would continue to curb output. Hence, Brent crude soared by $2.33, or 3.7%, to settle at $65.24 a barrel. Meanwhile, U.S. WTI crude surged by $2.46, or 4.2%, to settle at $61.70 a barrel.
read more... 23/02/2021
Anglo-Dutch oil giant Shell will invest up to $6 billion (4.9 billion euros) per year in green energy after its oil output peaked in 2019, the group said Thursday.
read more... 12/02/2021
The projects were considered as part of its LNG strategy at a meeting chaired by Deputy Prime Minister Alexander Novak last month
read more... 03/02/2021
Crude oil prices increased on Monday to hit their highest level in a week, with investors weighing the impact of supply curbs from Iraq and Libya on the near-term outlook against coronavirus lockdowns. Iraq is pledging to curb output in January and February after pumping more than its OPEC+ quota last year, while Libyan guards halted some crude exports after a pay dispute. Hence, Brent crude rose by 47 cents, or 0.9%, to settle at $55.88 a barrel. Meanwhile, U.S. WTI crude added 50 cents, or 1%, to end at $52.77 per barrel.
read more... 26/01/2021