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Norway eyes high gas output until 2030
Norway plans to maintain its current high gas production level until the end of the decade as Europe plans to ditch Russian imports over Moscow's invasion of Ukraine, its energy minister said on Tuesday.
read more... 24/08/2022
Daily (23.08.2022): Gas and power prices are going crazy!
Crude oil prices dropped to end the day almost flat on Monday despite OPEC's warning that it could need to tighten production. The prospect of a nuclear agreement that would allow Iran's oil to be sold again after sanctions dampened the settlement. As such, Brent crude lost 0.3% to settle at $96.48 a barrel, while WTI decreased by 0.5% to $90.77.
read more... 23/08/2022
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Russia's Gazprom warns European gas prices could climb a further 60%
Russian state gas company Gazprom said on Tuesday that European gas prices could spike by 60% to more than $4,000 per 1,000 cubic metres this winter, as the company's own export and production continues to fall amid Western sanctions.
read more... 17/08/2022
Daily (03.08.2022): Oil prices rose on Tuesday ahead of OPEC meeting
On Tuesday oil forward prices saw a slight increase ahead of this week OPEC+ meeting, which may not result in a further increase in crude production due to concerns that a potential global recession may restrict energy demand. As such, Brent crude oil price settled 0.5% higher at $100.54, WTI crude rose by 0.6% to $94.42 per barrel.
read more... 03/08/2022
Brent oil stalls as market weighs supply disruption, recession fear
Brent oil prices were little changed on Tuesday, reversing earlier gains of $1, as investors weighted supply concerns, highlighted by a potential production cut in Norway, and worries about a possible global recession curtailing fuel demand.
read more... 05/07/2022